Due to the fluctuating nature of energy prices, LGE advocates our flexible procurement product to stay on top of market movements and effectively manage risk. LGE’s offering allows for the benefits of contract flexibility and minimising costs. LGE’s flexible procurement product is for those with a higher level of energy use and enables multiple buying decisions for an entire contract based on the market. The eligibility for our flexible procurement is as follows:
Electricity Consumption- 8GWh (8,000,000kWh) and over.
Gas Consumption- 10GWh (10,000,000kWh) and over.
Choosing LGE’s flexible product and working with LGE as your partner will deliver:
- A defensible and robust energy procurement risk management strategy.
- Price optimisation via flexible procurement.
- Expert control administration under a dedicated account manager.
- Detailed cost projections and access to expertise and vast resources of reports.
- Bureau services to identify billing errors and minimise overpayment on utility invoices.
For those with lower levels of energy use, LGE offers a cooperative procurement product. The product allows those below the minimum volume requirements of flexible procurement to benefit from their features. LGE places multiple entities into a single flexible “basket” which LGE trades as one block to access flexible contract benefits. The eligibility for our co-operative procurement are as follows:
Electricity Consumption- 1.5GWh (1,500,000kWh) to 8GWh (8,000,000kWh)
Gas Consumption- 1.5GWh (1,500,000kWh) to 8GWh (8,000,000kWh)
Choosing LGE’s cooperative product and working with LGE as your partner will deliver:
- A defensible and robust energy procurement risk management strategy.
- Expert control administration under a dedicated account manager.
- Detailed cost projections and access to expertise and vast resources of reports.
- Bureau services to identify billing errors and minimise overpayment on utility invoices.
Fixed Energy Contracts
LGE’s preferred strategy is for flexible contracts but fixed term deals can still be offered. LGE’s fixed product offers complete budget certainty as a price is agreed at the start of the process and locked in for the duration of the contract.
LGE strongly advocates the use of flexible contracts which will provide customers better value for money in the long term. LGE’s market analysis creates a strong adaptable strategy to manage market movements.
For those customers who qualify for either a flexible or cooperative contract, LGE would recommend those products. However, LGE will procure fixed energy contracts on an exclusive basis if it is desired by the customer.
Water Procurement:
LGE places equal importance on water procurement, tender and management services. LGE has access to a wide range of water suppliers. Services span negotiation and cost-effectiveness as LGE would for electricity and gas services.
LGE will take all water requirements into consideration, compare all offers and then provide full and thorough recommendations. Once the contracts are live, LGE can continue to provide account management services for the water contracts to support and assist customers.
For more information on our procurement products speak to your account manager today or contact us at info@lgegroup.com.