Global Procurement Leader Tradition Energy Expands UK Operations

Game-changer in the over-crowded utility consultant space adds
advisers and locations

LONDON–(BUSINESS WIRE)–#TraditionEnergy–Tradition Energy, an expert global utility consultant and the largest
adviser in the US, today announced its expansion in Industrial &
Commercial (I&C) markets with the hiring of a new team of veteran energy
advisers to be located throughout the UK.

With the veteran team on board, Tradition will continue leveraging its
game-changing capabilities and experience by providing UK companies with
an innovative way to manage their energy price risk via access to
proprietary wholesale market intelligence, a “strategic adviser”
approach and a transparent process. Tradition’s proven best practices,
which result in companies making smarter energy risk-management
decisions, are unique in the UK I&C marketplace.

Tradition Energy is part of the Tradition
Group, one of the world’s top 3 institutional brokers of financial
products and commodities with over 2,200 employees in 28 countries.
Tradition has been advising clients in the wholesale energy commodity
markets in the UK since 1986 and is the only utility
consultancy in the UK that operates in the wholesale markets. In
addition, Tradition was the first consultancy to ever gain
accreditation by the Financial Conducts Authority (FCA) and therefore
has been held to the highest degree of integrity and ethical standards
since 2001.

“The number one factor that affects the price an organisation pays for
its energy is the price their supplier pays for that energy in the
wholesale market before selling it to them. An understanding of the
wholesale energy market is important because these markets can be
exceptionally volatile,” said Alan Kurzer, CEO, Tradition Energy. “With
Tradition’s unique energy market intelligence coupled with our
strategic advisor approach and transparent process, clients can time
procurement decisions more effectively and force competition amongst all
suppliers to get them the right price. Similar to our clients in
globally competitive markets, UK firms will benefit from lower costs
resulting from this informed, managed, advisory approach.”

Tradition Energy has its Headquarters at: Beaufort House, 15 St. Botolph
Street, London EC3A 7QX, and it has energy advisers located throughout
the UK.

About Tradition Energy

Tradition Energy is one of the world’s largest and most experienced
energy risk-management and procurement advisers. Tradition serves
more than 1,200 clients ranging from Blue Chip companies to medium-sized
businesses to public sector organisations, with over 70 billion kilowatt
hours in energy usage and more than £12 billion in energy spend managed.
Clients partner with Tradition Energy to manage their energy price risk
exposure and to develop and implement risk management strategies to
control and reduce their energy expenditures. Tradition Energy is part
of the Tradition
Group, one of the world’s top 3 institutional brokers of financial
products and commodities with over 2,200 employees in 28 countries,
publicly listed on the Swiss stock exchange (CFT). www.TraditionEnergy.com.uk

Contacts

Tradition Energy
G. Scott Merrell
Senior Director, Marketing
Scott.Merrell@TraditionEnergy.com