Progressive Energy Purchasing empowers retailers to deliver flexible pricing solutions that gives customers control over their energy spend. The result: predictable costs, market agility, and a win-win for both sides.
Removing full exposure to wholesale prices smooths costs and reduces the risk of pricing at a market peak. Customers get more confidence in budgeting.
Customers don’t have to commit all their energy volume upfront. They can choose how much to fix and when, depending on market conditions and risk appetite.
Customers see how their energy is being bought in tranches, which builds trust and makes costs easier to explain internally.
Progressive strategies can be combined with renewable certificates or green purchasing, letting customers gradually shift their energy portfolio to cleaner sources while managing cost.
Energy procurement rarely happens in a single transaction. Hedges get purchased progressively, at different rates, across overlapping intervals. Some cover baseload across all intervals, others only peak. Factor handles all of that accurately, no matter how many layers have built up over time.
The platform is built with pricing teams in mind. Every price can be configured to reflect exactly what you are working with, whether that is a straightforward contract or one with multiple hedge positions, varying rates, and overlapping coverage periods. All of the functionality is available out of the box, without having to build workarounds or adapt your process to fit the limitations of the tool. Your team gets the flexibility to approach each pricing decision in the way that makes most sense for your business, with the confidence that the calculations behind it are accurate.
Factor connects via API to your CRM and MDM (Market Data Management) systems. Forward contract details are captured in your existing CRM workflow, and Factor pulls usage data directly from your MDM. Billing-ready outputs flow back to your billing system automatically. No need to replace existing infrastructure.
Most retailers are up and running within 2-4 weeks. The timeline depends on your existing API infrastructure and the complexity of your progressive purchasing products. Our team handles the technical integration while you focus on launching to customers.
Yes. Factor automatically aggregates usage across multiple NMIs and reconciles against hedge positions at the portfolio level. This is essential for C&I customers with complex site structures.
Factor calculates "overs and unders" automatically. You define the rules: apply spot prices, use a predetermined fixed rate, or apply time-of-use rates. Factor handles the calculation and includes it in the billing output.
Absolutely. Factor manages multiple hedge products simultaneously—baseload contracts that cover all intervals, peak load for specific time periods, and custom variations. It handles overlapping hedges purchased at different times and rates.
Factor tracks all forward purchases chronologically and applies them correctly to usage intervals. As customers lock in additional load over time, Factor reconciles each interval against all applicable hedges in the order they were purchased.
Yes! Factor's automation eliminates the manual overhead that previously made progressive purchasing uneconomical for anyone except your largest accounts. You can now profitably serve customers at lower volume thresholds.
Factor produces reconciliation outputs on-demand or on a scheduled basis (monthly, quarterly, etc.). Reports show hedge utilisation, spot exposure, and cost breakdowns by product type. These can be sent to your CRM for customer visibility and to your billing system for invoicing.
Factor can take over your existing progressive purchasing operations without disrupting current customer arrangements. We'll work with you to migrate existing contracts and automate the reconciliation process going forward.
Yes. Factor is built with enterprise-grade security standards. All data transfers occur via secure APIs, and we comply with relevant data protection regulations. We can provide detailed security documentation during the demo process.
We provide technical support during implementation and ongoing operational support. Our team helps with product configuration, troubleshooting, and optimization as your progressive purchasing offering evolves.
Factor operates on a tiered SaaS subscription model that scales with your business. Pricing depends on your transaction volume, customer count, and product complexity. Whether you're just launching progressive purchasing or already managing it at scale, we have a tier that fits.
