Third-party intermediaries (TPIs) are now firmly established as the primary route to market in the business energy markets. This week’s Chart of the week looks at the results of the TPIs in the Business and Industrial Energy Supply Markets survey.
The survey found that two-thirds of suppliers (67%) ranked TPIs as their most important route to market. For five in six suppliers, TPIs were in their top two routes to market alongside renewing contracts with existing customers.
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Business supply and services
Despite the challenging year for businesses, we recorded growing interest in renewable electricity amongst businesses and Third Party Intermediaries (TPIs) according to our TPI Satisfaction Survey for 2020. This has been a focus for Industrial and Commercial's (I&Cs) over the last two years driven by corporate social responsibility goals, particularly...
Home supply and services
In this 'Chart of the week', we look at how prevalent green supply has become, unpick some of the drivers behind this, and look at the challenges now facing consumers, suppliers and policy makers confronted by a sea of green. Over recent years, we estimate the percentage of households with...
Business supply and services
In Q1 2021 we reported that the average SME electricity contract was priced at 17.95p/kWh (for 1-year acquisition contracts at the PC3-6MWh consumption point). This is the highest value since we started tracking propositions in 2012. We also recorded the fifth-highest figure for 25MWh gas contracts at 3.82p/kWh from our...
Home supply and services
This January saw the largest supplier exit through Ofgem’s Supplier of Last Resort (SoLR) process. Green Network Energy ceased to trade on 27 January, with Ofgem appointing EDF Energy as SoLR for its 360,000 domestic customers shortly after. On the same day, the regulator announced the exit of Simplicity Energy,...
Home supply and services
This article was originally published as part of a larger piece in Energy Spectrum, published on 25 January 2021. To find out more about a subscription to Energy Spectrum, contact Nick on n.palmer@cornwall-insight.com. This week's 'Chart of the week' discusses the latest electricity switching figures from Energy UK, published on 21...
Business supply and services
The publication of our Business Gas and Electricity Market Share Surveys for Q420 (with a reporting date of 31 October) has highlighted the changing dynamic of the business supply market as competitive pressure has reduced the market share of the traditional six large suppliers. In this 'Chart of the week',...
Business supply and services
Over the last six months our Pricing in the SME Gas and Power Markets reports have tracked a recovery in SME prices, following 5 consecutive quarters of price reductions. In this Chart of the week, we look at the trends in energy prices in the SME sector and how they...
Business supply and services
Third Party Intermediaries (TPIs) operating in the business market in 2020 have experienced significant changes due to the COVID-19 pandemic. Cornwall Insight’s 2020 Annual TPI report published earlier this week found that when negotiating business energy contracts in 2020, TPIs could target a £335mn/year revenue pool, an 18% decrease on...
