Procurement Service

Polaris works with businesses to provide energy purchasing and risk management expertise to design the ideal energy service. Polaris procurement service simplifies an enormous amount of market complexity to deliver the best prices available in the market with full transparency and a range of price risk management alternatives.

Most energy consumers use simple online price aggregation apps or work with a broker who use these apps. However, the prices in these apps are aggregated from all energy suppliers and have quite high margins which are passed onto the customer.

Polaris provides a range of buying options personalised to your business requirements. We offer a tailored approach and advice on the price /risk profile which suits your business. We then benchmark your prices to the online price aggregation apps.

Fixed price online reverse auction

At Polaris we use our award winning online reverse energy auction that has been delivering best prices to customers for over 20 years. It does this by creating a highly competitive environment where all of the energy suppliers compete for our client’s business, with full price transparency.

Our energy brokers facilitate this auction process and deliver the results to you in an Auction Report which includes the best available price from the online price aggregator apps.

We also provide renewable energy price options for you to assess the price premium, which is surprisingly quite low, and usually better than the online price aggregation apps.

Day ahead price basket for lower prices

Day ahead spot prices have been long understood to deliver lower prices than fixed prices. However, they are only available for larger energy consumers using 20 GWh per year.

Over the last winter months, the spot price has delivered prices more than 50% lower than the fixed prices, because Europe didn’t run out of gas during the winter, despite no Russian gas.

• Day-ahead prices are more risky than fixed prices, in scenarios of very cold winters they could be more expensive than fixed.
• Budgeting based on estimated prices is riskier than budgeting on fixed prices.
• Monthly bills have different prices depending on the volatile day-ahead price and winter months are more expensive than summer.
• Gas meter reads need to be taken before winter and after winter to avoid bills estimating consumption.
• Bills are more complex as they pass through all costs.

Polaris has a basket in place for energy consumers who prefer lower prices and can handle the price risk and more complex bills. We estimate the day-ahead cost savings compared to a fixed price contract by applying historical day-ahead price discounts to fixed prices. We will also validate your bills; prompt you for meter reads when required; provide budget updates and variances; and run a monthly market price report and webinar.