iSupplyEnergy is a strong, innovative energy business with a rapidly growing customer base representing a long-term, quality investment for Vattenfall. iSupplyEnergy currently has approximately 120,000 dual fuel/electricity and gas customers. It is one of the fastest growing domestic energy supply companies in the UK with approximately 170 employees. Visit iSupplyEnergy’s website here.
Vattenfall’s strategy is to offer our customers simple, affordable and climate-smart ways to power their homes. We have a strong customer portfolio in Sweden, Germany and the Netherlands and supplying more than 8 million electricity and gas customer accounts. We aim to grow our business through acquisition of small, innovative energy companies and organically by providing competitive tariffs and excellent services to our customers.
The decision to enter the UK market was taken after extensive analysis. ISupplyEnergy’s sustainable growth and focus on innovation is a good fit with our strategy to focus on smart, digital solutions to improve customer experience.
About Vattenfall in the UK
Vattenfall has a successful track record of long term investment and growth in UK renewables, investing over £3bn since entering the market in 2008.
Our ambition is to build on this strong foundation to provide reliable and innovative energy solutions to all parts of the UK energy market. We will continue to grow in wind and battery storage, strengthening our development pipeline with two 1.8GW Norfolk offshore wind farms, an extension to an existing site off Kent and onshore wind farms in Scotland and a battery project in Wales.
Acquiring iSupplyEnergy and our new green energy product for the business energy market will complement our renewable generation portfolio, creating a Vattenfall presence in all parts of the UK market.