Businesses across Kent now have access to a cutting-edge approach to energy procurement, with the launch of Lumina Flex, a flexible energy purchasing solution by Kent-based energy consultancy company, Lumina Energy.

This new offering is designed to help businesses of all sizes take advantage of fluctuating market conditions, offering greater control over their energy costs.

Traditionally, flexible energy contracts were only available to larger businesses with substantial energy usage. Lumina Flex, however, brings this dynamic option to businesses of all sizes by pooling customers’ energy needs into a ‘basket’.

This aggregated approach maximises buying power, whilst enabling more trades to be made in the wholesale market, reducing risk.

How Flexible Energy Buying Works

Unlike fixed-price contracts, where businesses are signing up for a set price for a set time, which can often be at risk of market spikes, Lumina Flex allows for energy to be bought incrementally throughout the year.

By leveraging market trends and forecasts, the team at Lumina Energy ensures energy purchases are made at optimal times, helping businesses avoid high prices and capitalise on market lows.

Why Choose Flexible Energy Procurement?

The benefits of Lumina Flex extend well beyond cost savings. The flexible strategy allows businesses to:

- Spread energy purchases over a longer term, up to 24 months in advance.
- Avoid exposure to market volatility, especially during crises like the 2022 energy price surge.
- Enjoy reduced supplier management fees through a group basket approach.
- Gain budget certainty, as energy commodity costs are purchased before each price period, and non-commodity costs remain fixed.
- Explore renewable energy options, such as green electricity or gas, to meet sustainability goals.

Expert Guidance and Risk Management

Lumina Energy’s team of market specialists continuously monitors energy trends, providing expert advice and ensuring all risks - such as regulatory changes and supply disruptions - are carefully managed. This proactive approach has delivered average savings of 6% compared to fixed contracts over the past three years and significantly outperformed market peaks.

Businesses interested in exploring the advantages of Lumina Flex are encouraged to contact Lumina Energy to learn more. With its innovative and customer-focused approach, Lumina Flex aims to empower businesses to navigate the complexities of the energy market with confidence.

To find out more about Lumina Energy, click here to visit the official website, email info@luminaenergy.co.uk or telephone 01622 236 888.