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Collective energy purchasing for businesses – How does it work?
What is collective energy purchasing?
Collective energy purchasing is when a group of like-minded individuals or businesses come together to negotiate a better deal from their gas or electricity suppliers. The ‘collective’ is a loose association of like-minded buyers, usually organised by a third-party organisation. This third-party arranges consumers into groups and manages a collective tendering process to get the best deal for the group. Collective energy purchasing schemes rose to popularity in 2012, when schemes were endorsed by the government as a good way of saving money. Although there are many local and national collective energy schemes for individuals, few exist for businesses – despite the potential for small and medium-sized firms to make big savings on their energy costs.How can it benefit your business?
Group together with other businesses to get cheap energy tariffs without having to negotiate anything.- Get access to the best energy tariffs.
- Support from an experienced account manager.
- Connect with other like-minded businesses.
How to get involved
The first step is to register your interest and provide some basic details about your business and energy supply. We perform a quick comparison to see whether you could benefit from a collective purchasing deal and put you in a group based on your energy usage and location.
Published by Utility Helpline on (modified )
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