For the second quarter in a row, we have managed to secure significant discounts on electricity contracts for a buying group made up of NFU members.

Currently, the groups are for Non-Half Hourly metered supplies and we are targeting savings of up to 10% on the best prices otherwise available.

Members are assembled on a quarterly basis so that we have four buying groups a year. Contract lengths will be for a period of 12 months so that we can take advantage of the best prices annually. All initial contracts will be timed to end on the same day, ready for a group renewal the following year.

Members who missed or were unsure about the opportunity this year will still be able to join either the current group or one the following year and expand the groups even further, helping to ensure that the buying power continues to grow.

Following on from the success of this, we are considering launching a fixed price Half Hourly metered grouping, which could simplify contract renewal and make significant savings for larger users and those becoming Half Hourly metered through the recent P272 changes.

What does this mean for you?

As an NFU member, we will manage every aspect of the group on your behalf. You will only see two changes in your contracts and the way they work:

• You will be getting significant price benefits.
• We will automatically renegotiate the group price each year so that you don’t have to worry and we will send you a confirmation each time and ask if you wish to continue in the group.

Contracts are no different to any other electricity contract you may have had in the past, but being in the bulk group, it should make it cheaper for you. This may result in your supplier changing each year as we will always look for the best deal for the group.

All in all, we believe that there is nothing to lose by being part of the group!