Posted: Wed Sep 07, 2011 4:09 pm Post subject: Opus Energy Signs Virgin Media As Impressive Growth Continue
Opus Energy Signs Virgin Media As Impressive Growth Continues
Released on: September 07, 2011, 2:52 pm
Author: Opus Energy
Independent energy supplier to UK businesses, Opus Energy, has today announced the signature of its 100,000th business site, Virgin Media. The business joins a portfolio of market-leading brands which includes Paperchase, Allied Irish Bank (GB), University of Cambridge, Halfords and KPMG, amongst others.
Opus’ success comes at a time when the energy regulator, Ofgem, is looking for ways to decrease the dominance of the ‘Big Six’ energy providers and demonstrates that independent suppliers can thrive. The company’s Corporate division, experienced 28% growth from this time last year and continues to expand rapidly.
The stellar performance is due to Opus’ market-leading solution for larger corporates, Opus Evolution, which has seen a 122% increase in customers. Opus’ corporate customers are making the switch away from traditional fixed price contracts, displaying a growing appetite for flexible purchasing solutions which enable them to take advantage of fluctuating electricity prices. Opus expects the growth to continue into 2012, as demand for Opus Extra, which gives the smaller corporate customer access to flexible purchasing on the wholesale market, grows.
Steve James, Commercial Director, responsible for the Corporate division commented: “We are delighted to have hit the 100,000 mark, and welcome Virgin Media to our roster of customers, the latest in a long line of flagship brands to join us. Our growth demonstrates that there is an alternative to the Big Six suppliers and is a result of our commitment to developing innovative and flexible products driven by our customers’ needs.”
“We work with our customers to provide individual billing solutions, contract types and reporting functions tailored to their requirements, rather than by trying to squeeze them into a ‘one-size fits all’ approach.”
Opus Energy’s growth has also been driven by the rapid expansion of its gas supply business. Launched in October 2009 the service now has over 8,000 live sites, an uptake or more than 75% over the business’ initial target. Designed to offer customers an affordable and reliable alternative to existing suppliers, the service allows them to access competitively priced, fixed-term contracts, shielding them from price fluctuations.
Charlie Crossley Cooke, Opus Energy’s Managing Director comments; “The last 12 months have been very exciting for Opus Energy. Our continued growth and investment in our customers is reflected in not only the successful introduction of new products, services and partners but also in the increased employment of customer facing staff to help deliver the services we provide our business customers. We now look forward to continuing to expand over the next twelve months.”
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About Opus Energy
Opus Energy is the UK’s leading business energy supplier. With offices in Northampton and Oxford, Opus Energy employs almost 350 people.
Opus Energy supplies over 100,000 UK business sites across all sectors. Corporate customers include: Stagecoach, Halfords, FirstGroup and Lloyds Pharmacy.
Opus Energy’s management team has a 50 per cent stake in the business, while International Power Plc (LSE:IPR.L) holds 30 per cent and Telecom Plus Plc (LSE: TEP.L ) has 20 per cent.
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