31 March 2015 – growth of energy business
Flow Energy will re-enter the UK energy market on 7 April 2015 with a competitive tariff, with the aim of growing its customer base. By way of background, Flow Energy originally entered the UK energy market in 2013. Since then it has attracted 66,000 customer accounts and its current customer base generated £33m revenue in 2014. Flow Energy will re-enter the market with the Connect Tariff, which will offer fixed prices until 31 March 2016. It is designed to be one of the most competitive tariffs on the market and is priced to attract customers to Flow Energy, as well as to retain existing customers. An increased customer bases provides a better opportunity to cross-sell the Flow microCHP boiler, as well as other energy efficient products. We continue to rate the shares as a STRONG BUY.