Industry Utilities Products Gas & Electricity CEO Ian McCaig (19 Mar 2012–) Founded 2008 | Area served United Kingdom Website www.first-utility.com Headquarters Warwick | |
 | ||
Profiles | ||
Unicorn power by first utility
First Utility is a supplier of gas and electricity in the United Kingdom, based in Warwick. In October 2013 the company was ranked as the seventh largest supplier in the UK, making it the largest outside the Big 6. By September 2014 the company had a market share of 2%.
Contents
- Unicorn power by first utility
- First utility unicorn advert 2016 hd electricity
- History
- Technology
- Customer relations
- Energy Saving Advice
- References
Unlike the Big 6, the company does not generate electricity, instead purchasing it from international markets. The company has a relationship with Shell, which sees it act as an intermediary to purchase wholesale energy on the global market.
First utility unicorn advert 2016 hd electricity
History
The company was launched in 2008 by co-founders Mark Daeche, Darren Braham and Marcus Citron as a spin-out from First Telecom. In January 2012, the company appointed the former lastminute.com CEO Ian McCaig as its new CEO.
In January 2014, the company signed a three year deal to become title sponsors of the Super League.
In September 2014, the firm announced it was considering an initial public offering or outside investment to fund foreign expansion.
In September 2015, the company announced an expansion into Germany to be branded as Shell.
In September 2015, Reuters reported that First Utility had doubled customer numbers in three of the last four years, adding 275,000 customers in the year of July 2015.
Technology
Being a small new entrant to the market allowed the company to experiment with new technology without the burden of having to migrate large numbers of customers from legacy systems. The company was the first in the UK to offer smart meters to its residential customers. This also gave the company experience of a large smart meter roll-out programme. The company has partnered with various other providers including oPower and Google PowerMeter to provide customers with access to usage data.
Customer relations
Ofgem issued a disciplinary order against the company in December 2010 for failing to protect vulnerable customers
In April 2012 the new chief executive Ian McCaig said
"Of course rapid growth brings additional demands, particularly on our customer service. As I mentioned above there are, however a range of things we are doing to make sure our customer service is meeting your needs at all times. We have: Increased our customer-facing staff by over a third in recent months and we are continuing to grow the team." ... "Introduced a new email management system, which helps us group queries and provide faster response times. Since implementation response times have improved by 50%. We're going to be on top of this very soon and your email service will improve. I want to apologise if you have had delays in us responding to emails." ... "I know that as a growing business we haven't delivered the best customer service at all times but I can see real improvements happening every day. With the initiatives listed above, and the improvements we're making, our aim is to deliver the best customer service the industry has to offer."
Energy Saving Advice
In 2014, the company received criticism for the tone of its energy saving advice. When it was reported that Shadow Energy minister Tom Greatrex had said the advice was an “insult” to millions of people, the company's reported response was that “These tips are meant to provide some advice on how we might reduce our energy usage and absolutely not intended to trivialise the issue of fuel poverty, something we take very seriously.”