Fuse Energy

The_Green_Hornet

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://www.energylivenews.com/2023/07/19/new-uk-energy-supplier-launched-offering-cheapest-electricity-tariff/

https://www.fuseenergy.com

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

Gerry1

'...guidance from a former Ofgem boss.'

What could possibly go wrong?

https://www.bbc.co.uk/news/business-42633631

https://www.theguardian.com/business/nils-pratley-on-finance/2022/jul/26/ministers-one-fears-still-havent-grasped-scale-of-ofgem-regulatory-failure-energy-market

https://www.theguardian.com/business/2022/jul/26/how-ex-footballers-energy-gamble-ended-up-costing-bill-payers-700m-avro

Gerry1

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.

Robin9

What has your date of birth got to do with electricity tariffs ?

Gerry1

Robin9 said:

What has your date of birth got to do with electricity tariffs ?

Presumably they're not bright enough to realise that using DoB breaks all the golden rules of passwords, e.g. that it should be known only by the user, can't easily be guessed, can easily be changed and should never be shared.

bristolleedsfan

Gerry1 said:

'...guidance from a former Ofgem boss.'

What could possibly go wrong?

https://www.bbc.co.uk/news/business-42633631

https://www.theguardian.com/business/nils-pratley-on-finance/2022/jul/26/ministers-one-fears-still-havent-grasped-scale-of-ofgem-regulatory-failure-energy-market

https://www.theguardian.com/business/2022/jul/26/how-ex-footballers-energy-gamble-ended-up-costing-bill-payers-700m-avro

Backed by reputable investors.  https://www.fuseenergy.com/about-us.html

Dolor

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.

QrizB

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.

If all you want is a quote, you don't have to give them your real date of birth ...

bristolleedsfan

Gerry1 said:

Robin9 said:

What has your date of birth got to do with electricity tariffs ?

Presumably they're not bright enough to realise that using DoB breaks all the golden rules of passwords, e.g. that it should be known only by the user, can't easily be guessed, can easily be changed and should never be shared.

Plenty of application forms e.g savings/bank accounts ask for DOB. I do not think asking for DOB to get energy quote has any relevance to subsequent password that might be set up on a energy account.

markin

The Solar version of owning a piece of a farm is a very poor investment compared to wind, see Ripple thread.

You loose the direct self consumption benefit 33p import vs the 15p the farm will sell it at, making the wind power is far cheaper per kwh than solar.

Gerry1

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.

If all you want is a quote, you don't have to give them your real date of birth ...

I never give my true DoB unless there could, be consequences, e.g. insurance.  Far too many organisations have the same two daft security questions, DoB and Mother's Maiden Name.