Procurement

We help you source your energy requirements at the best prices possible with a strategy which fits your organisation's appetite for risk.

Flexible Procurement

Flexible Procurement is a method of purchasing energy on the wholesale markets in multiple segments prior to the point it is consumed. This approach mitigates the price risk associated with volatile energy markets. Our experts closely track the markets to buy your energy requirements at the best times.

Benefits to You

OJEU Compliant

Our procurement frameworks are fully OJEU compliant saving you the onerous task of having to run your own tender process.

Hedging Purchases to Mitigate Risk

Using Flexible procurement options means that energy purchases are hedged over a long period of time and over multiple purchases rather than on one specific day.

Variety of Purchasing Strategies

With our expertise in the energy market we have a large variety of purchasing strategies available meaning you can choose the best one for your organisation and its energy budget.

All Trades Audited

All trades are independently audited on a monthly basis to ensure accuracy of records and provides assurance to customers.

Our Purchasing Strategies

LASER offers a range of products under Flexible Procurement. We continuously invest time and resource in the strategies available to accommodate and take advantage of the changing industry and volatile commodity market. LASER has developed the options available, providing a selection of solutions, each with a different balance of risk and opportunity to meet your requirements.

Governance

The Governance Panel operates to ensure LASER Energy develops and executes appropriate buying and risk management strategies for the flexible procurement of its customers' energy requirements. The Panel Membership reflects a cross-section of LASER Energy customers, the LASER Energy management team and an independent energy expert. On a quarterly basis discussions are held around compliance, risk, market conditions, purchasing performance and future purchasing recommendations.

Frameworks

All the Electricity and Gas frameworks have been tendered in accordance with the Public Contracts Regulations 2015 and the EU Combined Procurement Directive 2014/24/EU.

For more information on our Frameworks please click here.

How do we choose our suppliers?

A fully compliant OJEU process was carried out to appoint our flexible suppliers for Gas and Electricity. Suppliers were scored on a number of areas including value for money, account management and service innovation.

Our suppliers are: Total GP and Npower

We have been operating flexible procurement since 2008

We purchase energy on behalf of 150 public sector bodies

Our current contracted volume for both electricity and gas amounts to 6.7 TWhs TWhs of energy.