Looking to leverage your customer base by improving your product offering? Already working in the wider energy market and want to offer a tariff? Looking to build loyalty by creating more partnerships with your customers?
Offering an energy tariff can be a great way to achieve any of those objectives, but getting a licence to supply energy is difficult, expensive and time consuming, and then once in the market there are a lot of responsibilities and regulations to adhere to. It can’t have escaped your notice that over 10 suppliers have left the market in recent years having found it too challenging as well.
There is a decent halfway house, however: White Labelling. Following major brands like M&S Energy and Sainsbury’s Energy, as well as a number of councils such as Leeds, Liverpool and the soon to launched tariffs from the Greater London Authority, White Labelling is seen as a great way to get your brand into energy and to start to see customer benefits and revenue without all the rigmarole of fully licenced supply.
With commission models that range from a per-sale to a residual income model and a combination of them both, there are many options to raise revenue from your current connections to further your business’s growth.
How can NEC help?
Knowing which energy supplier to partner with and who to contact to get a range of offers can be a bit of a minefield. Using our knowledge of the energy market, the better players out there and working with you to understand your ambitions, we can help you find the best partner either formally (using a structured tender) or informally (approaching the best suited suppliers for your model and negotiating direct).
Following projects with Ebico (the UK’s longest white label energy supplier – we led the project moving their customers from SSE to Robin Hood), Robin Hood (the supplier with the most White Label clients) and the Greater London Authority (one of our Directors was the Energy Market Expert on the London Power procurement team), as well as a few smaller White Label projects, NEC has unrivalled experience of working with White Labels and is ideally suited to get you into the market.
Please get in touch to discuss more at [email protected]