GDF SUEZ Energy Resources NA announced today that it, "is working to further simplify energy buying for large commercial and industrial customers by streamlining its index price plans and launching Easy Flex, a new index product that gives users the ability to lock in a fixed price for a percentage of usage."

GDF SUEZ Energy Resources' Easy Flex product allows customers to take advantage of the index market while locking in up to 100 percent of their usage using multiple fixed-price purchases over time. "This essentially gives users the ability to leverage a dollar-cost-average procurement approach into a fixed-price position," GDF said

"These innovations are designed to deliver a more straightforward approach to balancing risk. They underscore the company's commitment to delivering greater clarity and transparency to commercial energy management," the company said.

"Buying energy can be a complicated process – requiring alignment of pricing components and market conditions with unique individual business drivers," said Sam Henry, president and CEO of GDF SUEZ Energy Resources. "We aim to bring simplicity to that process by delivering a product that is both easy to understand and specific to the needs of our customers."

The company said that, "While GDF SUEZ Energy Resources' block and index plans have worked well for various customers for many years, the company wanted to act on feedback from others that selecting wholesale block allocations can be difficult and time-consuming. GDF SUEZ Energy Resources has streamlined this process through an easy-to-use tool that helps buyers identify the block size and term that are suitable to their business requirements. Additional fixed-rate blocks can be purchased to reduce energy price risk. Further, GDF SUEZ Energy Resources' block process is now settled in the same month, and the billing process is more straightforward."

See More: GDF Suez Flex product website