Electricity pylons with a sunset in the background
Thursday 26th of May 2022 | Posted In: Contracts, Buying energy

Return of the buying group

The volatility in the energy market has forced us all to place much more consideration on the ways in which we look at electricity.

NFU Energy paused its buying groups at the end of last year with suppliers unwilling to commit to prices for more than a few days and, at times, there being no prices on the UK market available at all.

We have been working hard over the last few weeks with our suppliers and we are now delighted to be able to offer our buying group promise to NFU Members again. 

In April, the returning buying group was valid for a week at a preferential rate and well received by members who had been waiting for valid, competitive and fixed prices for some time.

The buying group offering will now be a lot more agile; including online-based products, a range of one-to-three year options and competitive pricing, however, it will be valid for shorter windows. With this in mind, we are encouraging NFU members to update us with email addresses and mobile numbers so we can send you a text update and email you the prices. Most of the new options would also include the requirement the installation of a SMET2 Smart meter. We have already found that the new style Smart meters are much more reliable and are cross compatible, resulting in less time on the phone to suppliers providing you with more accurate billing.

With more price rises on the horizon - due to the increase in the domestic price cap coupled with the requirements to move away from reliability on Russian supply - 2023 looks like it could be another tough year in the energy market. The recent news that Balancing Mechanism costs will be reviewed in 2023 is seeing the rollout of SMART metering coming to the fore as suppliers look to hit targets and provide more accurate consumption readings back to the grid, helping with power purchasing in these volatile times.

For members without emails and mobiles we still have options available, and I would encourage you to call myself and the team to discuss alternative options for you. There really has never been a better time to join a buying group, get in touch on 024 7669 8885 to find out more.