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Fuse Energy



New UK energy supplier launched offering “cheapest electricity tariff”
Fuse Energy, co-founded by ex-Revolut executives, enjoys backing from former Formula One driver Nico Rosberg and guidance from a former Ofgem boss
https://find-and-update.company-information.service.gov.uk/company/08469701
https://www.ofgem.gov.uk/energy-policy-and-regulation/companies/fuse-energy-supply-limited
Comments
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'...guidance from a former Ofgem boss.'What could possibly go wrong?1
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Not impressed. You can't even get a quotation without installing the app and revealing your date of birth, and they don't support Economy 7 or other multi-rate meters.
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What has your date of birth got to do with electricity tariffs ?Never pay on an estimated bill. Always read and understand your bill2
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Robin9 said:What has your date of birth got to do with electricity tariffs ?
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Gerry1 said:'...guidance from a former Ofgem boss.'What could possibly go wrong?1
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If the following is true then Fuse appears to be offering a more innovative package than other energy suppliers.
’ Enter UK-based Tesseract which aims to decentralise the right to power by delivering clean, cheap electricity to consumers and help solve climate change. Founded in 2022 by Revolut alumni Alan Changand Charles Orr, the platform cuts out the middlemen of the energy market by owning renewable generator assets and selling directly to consumers, delivering cheaper bills.The company claims that instead of installing expensive solar panels, customers can now buy a ‘virtual’ solar panel or wind turbine on the app which could cut their bill by as much as 100% and allow them to capitalise on selling the excess energy.
For doing so, the energy company has raised $78 million in funding to fix the broken energy sector. The funding will allow the startup to buy and build selected renewable energy assets and support the development of its platform. ‘
Source: Tech EU
That said, I am not sure that all their claims about renewables and selling directly to consumers can be taken at face value.
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Gerry1 said:Not impressed. You can't even get a quotation without installing the app and revealing your date of birth, and they don't support Economy 7 or other multi-rate meters.
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1 -
Gerry1 said:Robin9 said:What has your date of birth got to do with electricity tariffs ?0
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QrizB said:Gerry1 said:Not impressed. You can't even get a quotation without installing the app and revealing your date of birth, and they don't support Economy 7 or other multi-rate meters.
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