Flow fixes domestic energy price
FLOW Energy, part of the Capenhurst-based Flowgroup, is launching a fixed-rate home energy tariff.
It is offering a fix until August next year in a bid to retain existing customers and attract new ones.
Flow, which launched to the consumer market last year, already has around 50,000 people signed up to its energy service, generating revenues of some £30m a year.
Flowgroup is also developing a micro combined heat and power boiler for domestic use which it was offering free of charge in return for customers buying gas and electricity from Flow for a fixed period.
Chief executive Tony Stiff said: “Our energy business has always exceeded expectations and we’re pleased to be re-releasing and extending the popular Thames Tariff, allowing more customers to experience what Flow has to offer. Small, innovative suppliers like Flow Energy are very much at the forefront of the national debate about energy and we believe the energy market represents, again, a significant opportunity for the group.
“As well as generating strong revenues, having a competitive tariff in the marketplace creates high levels of customer traffic, providing vital exposure for our game-changing Flow boiler in the run up to its launch in the second half of this year. We therefore expect our energy campaign to bring a host of benefits to the business and we’re pleased to announce our re-entry into the energy market.”