SmartestEnergy have today announced that they have acquired Sussex-based energy supplier Dual Energy.
Dual Energy are a competitive small business supplier with a focus on installing smart meters to improve the quality and efficiency of business energy supply contacts.
Built on an existing, longstanding relationship where SmartestEnergy have been providing wholesale market access services to Dual Energy, this acquisition is described as ‘an exciting move for both parties.’
Ben Giddings, Dual Energy’s CEO, commented on the deal, saying: “We have worked with the SmartestEnergy team since we first began trading nine years ago and have been consistently impressed with their customer-focused approach.
“The acquisition means we will continue to drive business smart meter adoption. SmartestEnergy’s commitment to our business is good news for our partners and customers as we scale up our plans at this exciting time”.
This new move enables SmartestEnergy to take their customer service to smaller businesses with Non-Half Hourly meters.
Robert Groves, CEO of SmartestEnergy, noted: “SmartestEnergy was the original asset-lite energy company building a business model around a leading customer experience. This acquisition enables us to expand our business reach as we continue to drive a smarter transition to net-zero carbon economy.”
In addition to providing scale of operation, the acquisition will also enable small business customers to benefit from Carbon Trust independently certified 100% renewable electricity.
Louise Wapshare, VP of Supply at SmartestEnergy, added: “This is a really exciting opportunity for SmartestEnergy to support the unique business model that Dual Energy have in this difficult to reach business segment, using our strengths to accelerate their activity to disrupt the business energy market”.
Dual Energy will continue to operate from Worthing and customers will be unaffected by the change.