In 2014, Energy4 was started to disrupt the overpriced and outdated practices of the utility industry, and challenge businesses that operate as Third-party-intermediaries (TPI) but do not benefit businesses, commerce, and trade. Energy4 exists to keep businesses in business.
Third-party-intermediaries (TPI) were formed to provide impartial, non-biased led utility advice after de-nationalisation of the utility market (gas & electricity)
OfGem created guidance for Third-party-intermediaries (TPI’s), however this is not enforced, and many consultancy businesses operate as false-TPI’s.
Currently TPI businesses come across:
- Utility industry providing there own intermediary services, requesting customers stay with there origial contracts, providing inaccurate information of the market, and no evidence.
- Intermediary services (Posing as TPI’s) working for one of the Big-6 utility providers, asking customers to stay with contracts as part of the Big-Six, providing inaccurate information of the market, and no evidence.
- Intermediary services (Posing as TPI’s) working for to one of the Big-6 utility providers as above, however adding extortionary consultancy fees onto the cost of the utility contract
- False-TPI’s operating on short-term short-sighted practices, providing misinformation of the market to business customers, damaging businesses, and eventually livelihoods
Energy4 operates on the following business case using VMOSA (Vision, Mission, Objectives, Strategies, and Action Plan)