OEM's flagship fund sustains its strong performance for Summer 22 despite volatile markets
The Summer 22 trading season closed on 31st March and the Open
Performance Fund prices continue to stand out against the rest of the
market - for the Summer 22 period OEM’s fund has outperformed the
market averages for both gas and electricity and fund members paid 64.6% less than the market average for electricity, and 71.4% less than the market average for gas.
With a plethora of factors affecting current energy markets it has been an
uncertain and turbulent time for businesses navigating how to approach their
What is The Open Performance Fund?
The Open Performance Fund is OEM’s flagship fund open to all UK businesses for both gas and electricity. The fund groups its member’s consumption allowing them to benefit from wholesale gas and electricity prices. The fund aims to outperform the rest of the market and secure your energy below the market average price in all market conditions, saving our fund members thousands. Trading is completed prior to the start of each season, ensuring fund customers have a fixed commodity rate for the duration of each season.
Our trading experts are dedicated to securing your energy at the optimum time, according to your budget and requirements. The Open Performance Fund gives you total confidence in protecting you from market volatility, whilst balancing risk and reward.
It has been well documented that gas and electricity prices have been rising steadily since late spring 2020, with the increase accelerating over the past nine months. Summer 22 gas spiked at 510.33 pence per therm (ppt) in early March and expired at 289.08 ppt. UK base load traded to a high of £382.96/MWh and expired at 246.47/MWh. As prices continue to rise there is much uncertainty for businesses around how to approach their next energy contract.
The solution? The Open Performance Fund.
The Open Performance Fund navigates current volatile energy markets by taking advantage of lower energy prices when they eventually decrease.
As the energy experts, we are advising businesses to consider a fund approach to their energy buying. The Open Performance Fund navigates current volatile energy markets by taking advantage of lower energy prices when they eventually decrease.
Contact OEM today for obligation-free advice, how much a fund approach could save you?