Chart of the week | TPIs hit by the COVID-19 pandemic

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 2019 levels. In this week’s ‘Chart of the week’, we look at how national lockdowns and the uncertainty in the market have led to a decrease in growth in both the SME and I&C sectors.

The SME market for TPIs has been sharply impacted by COVID-19, with total revenue for TPIs operating in this segment at £190mn in 2020, a decrease from £225mn in 2019. 

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