Open Energy Market

The Open Energy Market is an online marketplace that allows any business to compare live electricity and gas prices from all the major suppliers in the UK. It is an automated system that connects the information about your business with the suppliers and lets you compare price, features, terms and contracts with no obligation. WHY IS THAT DIFFERENT? WHAT'S THE BENEFIT TO MY BUSINESS? More than 90% of UK businesses buy their energy through a broker and many buyers do not realise they are being charged hidden fees. These fees can be anywhere from 3-10% of energy costs and we feel they are unethical and unnecessary. The Open Energy Market is designed to make energy buying 100% transparent and buying energy this way is cheaper, faster and gives you greater control over your portfolio and budgets. WHAT DO I GET? Open Energy Market gives you the chance to create a competition between the suppliers of your choice to ensure that you get the lowest possible price. You can do this for free. Alongside free market insight and consultancy you are also able manage all the usage and invoice information about your sites and meters so you can tender at any time at the touch of a button. Your OEM account also gives you a powerful budget manager that will automatically alert you to changes in the market price of gas or electricity and warn you if you are at risk of running over your budget. HOW DOES THE OPEN ENERGY MARKET WORK? The Open Energy Market is a secure online system into which any business can input their company information and easily request quotes from the whole market. You will get a live comparison within 5 days (with consultants this can normally take weeks) and watch this table evolve as the suppliers compete for business before the clock runs out. WHAT DO I HAVE TO DO? Once you put your site and meter information into the system and have completed your company profile, you are able to start a transparent tender with the suppliers of your choice. You can choose specific sites and meters you wish to get quotes for, set the contract duration and specify exactly which suppliers you would like to bid. The steps are: Sign up - 30 seconds Fill in your information (with an invoice to hand) - 5-10 minutes Tender whenever you are ready - 10 seconds Compare the prices once they are in - 5 days