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Energy company in vow to continue to disrupt market

CHESTER-based energy technology company Flowgroup says its growth in customer fuel accounts from 100,000 to 214,000 since January 1 has pushed revenue up to £106m.

Chief executive of the AIM-listed company Tony Stiff will hail the performance of the its energy business Flow Energy at the company’s annual meeting today.
He will say: “This is an impressive achievement and the group believes it can continue to deliver accelerated growth as the big six suppliers continue to lose customers.

“The market share enjoyed by the big six was 98% in 2013 but has now fallen to 84%. We believe it has further to fall as challenger suppliers like Flow attract customers with a combination of competitive pricing and good customer service.”

Flow Energy was awarded Which? Recommended Provider status for energy in January 2016, and in June 2016 took second place in the Citizens Advice Energy Supplier Performance League table, the only challenger supplier ever to appear in the top six. Read More