bristol energy company showcase presentation 2016
TRANSCRIPT
Our journey so far(And it has been quite a journey….)
Peter Haigh, Managing Director of Bristol Energy
What we doWe believe in the fair and ethical sale of energy to all
The South West’s first municipal energy supply company
All profits will be reinvested back into the city
Together we’re championing social equality, local renewables and stronger local communities
We’ve only been open for business for six months, but already have around 10,000 customers.
And we’ve built a business with over 75 permanent roles and growing
Why we do itFair prices, with a social purpose
We believe that everyone has the right to a warm homeSo our prices are fair, and reflect the cost of the energy we buy.To help tackle fuel poverty, we’re working with expert partners to find the very best ways to support those people who are struggling to pay their fuel bills.
We believe in helping communities to thriveBy providing an alternative income stream to Bristol City Council, to reinvest back into the city, Bristol Energy can help local communities to grow
We believe in supporting local renewable energyWe are developing partnerships with local people andorganisations generating renewable energy.
February 2016: Oficially opened for business
March 2016:Launch of marketing campaignOpened the Bristol Energy Hub
April / May 2016:Domestic Pre Payment Meter Tariff
Our journey
July 2015:Business plan signed off with cross party support
Nov – Dec 2015 Industry trial process (Controlled Market Entry)
2010:Decision agreed in principle to set up an Energy Company
Sept 2015:Peter Haigh joins as MD: first employee
April 2016: Accept Bristol Pounds
Autumn 2016:Tariff for fuel poor
June 2016: Smart Meter trial
Yet by switching, customers could save up to £325 per year on their energy bills
Two thirds of people don’t recall ever switching their energy provider
Bristol Energy has so far saved its customers more
than £2m (July ‘16)
The challenge:
We currently have around 10,000 customers We are a national company with customers across the UK
from Dundee to Truro In our first two months in business, we saw a three-fold increase
in our customer base month by month We’ve developed our own in-house Customer Care team and strive to
offer great customer service People are attracted to our fair prices and strong social message
Our Customers
Bristol Energy just has a positive energy to it. I
don’t feel positive energy when I go to other places.
One in six dual fuel customers now get their energy from an independent supplier
But it remains a challenging sector with [41] competitors The electricity market is volatile:
Chart shows how the wholesale price of electricity dropped from £67/MWh to £21/MWh over just a few weeks in March.
We have an expert team More than 300 years of combined experience
in the energy sector between them And have worked at 18 different energy suppliers
Our Market We’re part of a growing independent movement
Tackling fuel poverty: We’ll work with expert partners, community groups and local charities to support the city’s most vulnerable people
Switching Bristol: We’ll work hard to engage people in the benefits of switching to Bristol Energy – both in Bristol and beyond.
Powering local businesses: We’ll launch a tariff for business customers, focused on selected segments within the micro/small business sectors
Renewable Energy: We’ll support and invest in local renewable generators, to boost the local economy and give our customers the chance to choose a greener energy supply.
Getting Smart: Our Smart meter trial give 1000 households free access to the latest technology, to help them save energy and spend less.
Making Things Easier: Developing an App and evaluating technology that could support a Care Tariff
The Future
It’s believed around 40,000 households have never switched.
That’s a potential saving of around £325 per household or £13 million
And you can help…
Let’s power together and save Bristol moneyHow you can help:
Save Bristol money and support a local charity
Caring in Bristol supports homeless and vulnerable people across the city
A £30 donation could: • Deliver fresh food to homeless projects
• Help fund a volunteer mentor
• Give three people, three hot meals at Christmas
Please share far and wide
