Your Quote Explained

Summary Page

This is how much we think we will beable to save on the capped pricequoted by buying flexibly

These are the caped prices we are offeringyou, you will never pay more than this.

If you use the same amount of energy as last year,this is the maximum you will spend this year

If your current contract hascome to an end and our nextpurchasing basket isn't due, wewill put you on a temporarycontract until we can startprocuring flexibly for you

Whilst on atemporary contractthis is how muchyou will pay

These arethe fixedrates youare currentlypaying

These are the prices that yourinitial fixed contract will be on.These will only decrease as wetrack the market and re-procure.

We have negotiated your fixedcosts and these should stay thesame even when you sign anew contract with a lower unitrate

Capped Fixed ContractThe SEC offers a Capped Fixed contract whereby you sign an initial 12 month energy contract andover the course of those 12 months the SEC tracks the energy market on your behalf. At a pointwhere the market price drops the SEC will sign a new 12 month contract on your behalf at thereduce unit rate, this could happen any time from the first month to the last and can be repeateduntil we are not able to get you a lower price.

This quote is for the initial 12 month contract, the Fixed Charge is likely to stay the same across anynew contracts and the Unit rate will only go down. There is no risk of your energy prices going upfor the duration of the contract.

Flexible ContractsThe quote for the flexible contract may appear with no values in the Commodity cap, this is because wecant set this until the start of you basket contracts, however the historical analysis provided to you willgive you an idea of how much cheaper our purchasing strategy will be compared to your current energyprovider.

The quote provides a breakdown of the charges in your bill, the capped price and an estimate of theflexibly procured price. You should use the Total Annual value to set your budgets as this is themaximum that you will spend provided you use the same amount of energy as last year. There are nohidden fees and we are happy to explain anything further.

Temporary ContractsThe SEC offers the cheapest energy contracts because we use collaborative purchasing power toenable us to purchase for you flexibly. In order to do that we need to group contracts together into‘baskets’. If your contract ends before the start date of our next basket we will put you on a shortterm temporary contract and then transfer you across onto the flexible contract on the basket startdate.

We provide you with a quote similar to the one above, this shows the prices available in themarket along with your current price, we will chose the cheapest supplier and use them for thelength of your temporary contract.

Historical AnalysisWith your quote we provide you with a historical analysis of your spending against theprices we procured over the same period. The total savings annually will give you someindication as to the savings we can make you in the future.

100% Renewable Electricity

The Schools Energy Co-operative is committed to reducing your carbon footprint, that’swhy we only offer 100% renewably sourced energy contracts. The good news is that itwont cost you any more than a standard electricity contract.

Part of your electricity cost is taxes, one of those is called the Climate Change Levy (CCL),for Electricity the tax is currently set at 0.509 pence per kilowatt hour.100% Renewably sourced electricity is currently slightly more expensive than traditionalsources of electricity, however CCL tax is not applicable to 100% renewably sourcedenergy, offsetting the slight increase in commodity price.

As such 100% renewably sourced electricity doesn’t cost you, the customer any morethan traditionally sourced electricity and as a bonus you don’t have to pay and CRC tax onthat energy either!

Other SEC Services

Enhanced Bill Validation: We will check each of your bills as they are issued toensure that they are correct.

Enhanced Reporting: We will work with you to set up a smart metering andreporting package that works for you, helping you to monitor and reduce your energy use.

CRC Package: We will compile your CRC evidence pack for you, making your CRCobligation as hassle free as possible.

MAT / Multi Site Management: We will give you centralised access to all ofyour sites energy information and energy reports, league tables of your sites energy useand we will align all of your sites energy contracts over time to a single contract renewaldate.