• Thu. Mar 28th, 2024

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Energy Auction Reverses Energy Costs!

Photo1Bidex Energy Auction, continue their rapid growth as more and more food manufacturing companies enquire about using their innovative energy auction services. The company uses industry leading software that allows Ofgem licensed energy suppliers to bid for live energy contracts and is already transforming the way businesses purchase their energy. It’s a critical tool that’s even more important for the energy intensive food manufacturing sector.

Most food businesses often speak to suppliers directly or use a broker, but what they don’t realise that in both cases it doesn’t always get them the best possible prices. Bidex offers a true alternative that is effective and saves money by introducing greater competition and transparency about energy prices. Bidex openly publish their auction fees for all to see, creating an unprecedented degree of transparency. And on average its fees are 5 time lower than traditional brokers.

“We’re here to shake up the energy market and get food manufacturers to wake up to the fact that they are paying far too much for their energy. And it’s not just unit prices, but also the large hidden fees that many brokers charge. Greater transparency and competition will reduce this, improving prices for everybody. Auctions eliminate broker and supplier favouritism, discrimination and potential collusion between third parties” says Development Director Bob Pritchard.

Many food manufacturers will see the cost of energy rise as the market begins to recover, but the use of open energy auctions offers huge alternatives that are cost effective. As the UK’s only energy auction company, Bidex is driving down costs that can lead to upto 10% savings on existing prices. Critical for businesses with tight margins.

For Bob Pritchard, competition is the key “Competition allows food businesses to get the best possible price, and the only way to do that is in an auction setting. Getting energy companies to compete with each other makes the customer the most important part of the equation. And the biggest beneficiaries with be the food sector, where energy is used in all aspects of production”

By admin