Opus Energy celebrates first year success of its UK market-first
energy purchasing solution - boosting turnover by 25% and 3,000
new sites in just 12 months
Released
on: October 28, 2008, 4:40 am
Press
Release Author: Opus
Energy
Industry:
Energy
Press
Release Summary: Opus Energy, a leading independent supplier of
electricity to UK businesses, is celebrating the success of its
market-leading online energy purchasing system, which was launched
just over 12 months ago but is already responsible for 25% of
its turnover and has added over 3,000 sites through new customers.
Press
Release Body: Opus Energy, a leading independent
supplier of electricity to UK businesses, is celebrating the success
of its market-leading online energy purchasing system, which was
launched just over 12 months ago but is already responsible for
25% of its turnover and has added over 3,000 sites through new
customers.
In
September 2007, Opus Energy unveiled a UK market-first
when it launched Opus Evolution, its advanced
online electricity purchasing product for the non Half Hourly
metered markets. This pioneering solution, developed and offered
exclusively by Opus Energy, is unique to the
non Half Hourly metered market sector and allows the customer
to fix their electricity demand directly with the wholesale market.
Customers are able to manage their portfolio of sites, seeing
real-time data and historic information at a time, and in a location,
that is convenient to them. The product enables multi-site corporate
customers to move away from fixed pricing agreements and offer
them the flexibility to implement their own energy purchasing
strategies.
Since
its launch, Opus Evolution has proved immensely
successful in attracting new business and retaining existing customers.
By creating access to a market segment that was previously unavailable
to the smaller supplier, Opus Energy has been
able to attract a host of household brands. Early adopters include
Farmfoods, Goodyear Dunlop Ltd, Thorntons Plc, Stagecoach Plc
and FirstGroup Plc. These amongst others have helped to cement
Opus Energy as not only a real alternative to
the major incumbent suppliers, but a market-leader in its field.
Steve
James, Commercial Director at Opus Energy, said: “We
are delighted by the reception Opus Evolution has had over the
last 12 months. The uptake has been more than 200% of the initial
target and it is incredible to think that this solution is now
responsible for a quarter of our business turnover.
“Without
doubt, Opus Evolution helps distinguish Opus Energy as a market-leader
amongst our peer group. It showcases us as an innovative and flexible
independent supplier that is able to quickly meet the demands
of both SME and corporate customers.
”We
are in no way standing still with Opus Evolution and we are continuing
to look at ways of enhancing it in order to better equip our customers
against the volatile energy market.”
About
Opus Energy
Opus
Energy is a leading independent supplier of electricity to UK
businesses, based in Northampton. It has over 40,000 customers
across the country, including Yell Group Plc, Stagecoach Plc,
Thorntons Plc, Farmfoods and Deloitte & Touche LLP. Opus offers
companies best-price electricity together with tailored customer
care. Its flexible, tailor-made solutions suit businesses across
the SME and larger corporate market.
Between
April 2006 and March 2007, 66% of the energy supplied by Opus
Energy to its customers came from cleaner, low-carbon sources
– 47% from renewable generators and 19% from cleaner Combined
Heat and Power (CHP) produced by CHP generators.
Opus
Energy’s management team has a 50 percent stake in the business,
while International Power Plc (LSE:IPR.L) holds 30 percent and
Telecom Plus Plc (LSE: TEP.L ) has 20 percent.
With
offices in Northampton and Oxford, it employs 200 people. For
further information, please see www.opusenergy.com
or www.opusevolution.com
Web
Site: http://opusevolution.opusenergy.com
Contact
Details: Opus Energy
285 Banbury Road
Oxford
OX2 7JF
Tel:
0845 2937230
opusmedia@fd.com
2022
