3 minute read
Introducing Lumina Flex A New Era in Energy Procurement for Kent Businesses
In todays volatile energy market, securing the best possible energy deals can be a complex and challenging task for businesses of all sizes. Recognising this need, Lumina Energy has launched an innovative solution designed to offer businesses greater control and cost efficiency in their energy procurement strategies: Luma Flex
Why Launch Lumina Flex?
The primary motivation behind the launch of Lumina Flex is to provide businesses with a more adaptable and strategic approach to purchasing energy. raditional fi ed price contracts often leave businesses vulnerable to market spikes and uctuations leading to unexpected costs and budgetary pressures. Lumina Flex addresses these issues by offering a e ible purchasing solution that allo s your business to take advantage of favourable market conditions over an extended period.
What Lumina Flex Offers
1. Extended Buying Windows
With Lumina Flex, businesses can begin purchasing energy up to 24 months in advance. This extended window allows for greater market opportunity and the ability to avoid peak prices.
2. Group Basket Purchasing
By pooling energy volumes from multiple customers into a ‘basket’, Lumina Flex maximises value and secures better terms from suppliers. This approach also enables more trades on combined volumes enhancing cost efficiency.
3. Risk Management
Flexible energy procurement inherently involves managing various risks including price fluctuations regulatory changes, and supply disruptions. Lumina Flex continuously assesses these risks, ensuring that energy is purchased at the optimal times to achieve the best possible price.
4. Budget Certainty
One of the standout features of Lumina Flex is its focus on budget certainty. We purchase 100% of the forecast volume before each pricing period and by fi ing non commodity costs businesses can en oy greater financial predictability and stability.
5. Renewable Energy Options
For businesses looking to incorporate green energy solutions, Lumina Flex offers options for purchasing renewable electricity and gas. his is particularly beneficial for companies aiming to enhance their sustainability credentials.
6. Expert Market Monitoring
Lumina Energy’s team of experts closely monitor the energy markets using leading systems, allowing us to work towards making energy purchases at the most advantageous time. This expert guidance is crucial in navigating the complexities of the energy market.
Why Consider Lumina Flex?
Businesses in Kent and beyond should consider Lumina Flex for several reasons. Firstly, it offers a tailored solution that aligns with specific energy usage patterns and financial goals. Secondly the flexible purchasing strategy has been shown to outperform fixed price contracts significantly.
For instance, analysis over the past three years indicates that e ible contracts have delivered on average a cost saving compared to fi ed price contracts, and have substantially mitigated market highs, especially during the 2022 energy crisis. Furthermore, the ability to include renewable energy options within the flexible contract aligns with the growing corporate emphasis on sustainability and environmental responsibility. This not only aids in meeting regulatory requirements but also enhances corporate reputation among increasingly eco-conscious consumers and stakeholders.
Get Started with Lumina Flex
If your business is ready to explore the benefits of flexible energy procurement Lumina Flex provides a robust and adaptable solution. By leveraging extended purchasing windows, group basket buying, and expert market analysis, Lumina Flex empowers businesses to manage their energy costs more effectively and sustainably.