Flowgroup back in the energy game
CHESHIRE-based Flowgroup is set to re-enter the UK energy market as it bids to grow its customer base.
The Ellesmere Port AIM-listed company originally entered the fray in 2013, attracting 66,000 customer accounts and generating £33m during 2014.
It now says it will re-enter with the Connect Tariff, which will offer fixed prices until March 2016.
It is designed to be one of the most competitive tariffs on the market and Flow Energy says it is priced to attract new customers as well as retaining existing ones.
Chief executive Tony Stiff said: “Changing consumer behaviour around energy, with higher switching rates and a move away from the Big 6, as well as governmental focus on encouraging switching, means the energy market presents an opportunity for our business in 2015.
“Our new tariff will, we believe, allow us to grow Flow Energy’s customer base. This would bring significant benefits to the group, as it did in 2013 and 2014.
“As well as generating additional revenue, our larger customer base would provide a perfect opportunity to cross-sell the Flow microCHP boiler, as well as other energy efficient products.We are therefore extremely pleased to be announcing this news today.”
