The team of risk management experts at EIC have guided us through an in-depth supplier selection process to obtain a fully flexible electricity contract that matches our business needs. Their expert knowledge of the energy markets and their ability to fully risk manage flexible supply contracts has been invaluable and gives us time to concentrate on running our core business.
Martin Ross
Carbon Reduction Manager
Southern Water Services Limited
Jon Ferris, Head of Risk Management, presents the background and benefits to utilising his team's risk management expertise.
"The recent evolution of energy markets has led to the growth of energy price risk management as a key area of expertise at EIC. Faced with the challenge of market volatility, as consultancy professionals we look to quantify the problem, contain it, create a solution and implement it on behalf of our clients.
EIC risk management looks to source the most competitive energy supply contracts, negotiating an appropriate level of trading flexibility. This affords us the degree of control which we require to be able to handle the physical supply as well as price volatility, with the ability to switch between fixing prices in a rising market and floating prices in a falling market.
With EIC, energy purchases are made as part of a defined strategy and policy agreed at the outset of a client relationship. Above all, our priority is to protect a set budget and to optimise the client position. Performance is measured by comparing purchases with actual market movements, constantly monitoring budgets against the live traded energy market.
EIC houses a highly qualified team of risk management experts who have designed a combination of cutting edge strategies and unique risk controls to manage market volatility. This is further supported by our experienced market analysts, providing the latest information on market movements and emerging trends."
Involving the right people in your organisation early on is essential so that we can gauge your corporate attitude to risk and create a universal understanding of what we want to achieve. This is vital to implementing a successful strategy.
Thanks to iQtility, our in-house reporting system, clients can log on via the internet to view their position and the market in real-time.
EIC provides discerning intelligence, analysis and advice to risk managed clients detailing whether we see an upward or downward pricing bias or the emergence of a market trend.
EIC can take responsibility for executing all fix and refloat transactions with a client's energy supplier in accordance with a pre-agreed Risk Management Policy.
