SmartestEnergy has acquired small business energy supplier Dual Energy, a company it had provided with wholesale market access services since Dual started up nine years ago.
SmartestEnergy said the acquisition would complement its existing I&C electricity supply business, adding smaller businesses with non-half hourly meters to its portfolio. It described Dual Energy as a competitive small business supplier with a real focus on installing smart meters.
Louise Wapshare, VP of supply, said, “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”.
Robert Groves, chief executive of SmartestEnergy said, “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”.