Successfully operating in the GB energy retail market
The GB energy retail market is complex – the maturity of the market and retail competition brings wide ranging obligations on suppliers, significant levels of change to track and manage, and complex interfaces and data flows between participants. Whilst it can seem a challenging environment to work within, there is also significant opportunity for energy retail businesses. Navigating through this complexity effectively can lower business risk and help maximise profit as retail businesses grow.
Engage have a deep understanding of the energy sector that allow us to determine the operational, technological, commercial and regulatory factors that need to be addressed by energy retail businesses in GB.
Engage are passionate about the opportunities for suppliers to transform the GB energy market by delivering business innovation, greater levels of choice and superior customer services to customers.
Engage have a proven delivery track record in helping energy retailers operate efficiently and profitably in the market place, through our consultancy services and software systems.
A growing supplier required support in identifying and quantifying the gap between purchases and sales. Engage’s solution was to provide them with our Revenue and Margin Assurance (RAMA) solution. It provides a fully auditable solution to identify the meter points that are making the most significant contribution to any imbalance, and is provided as a managed, Software-as-a-Service solution.
Engage also provided support with addressing electricity Settlement exceptions (D0095s) through our Exception Plus product. E+ provides a practical solution for eliminating spurious and rogue exceptions, identifying the cause of material exceptions and recommending corrective actions. E+ is used by major and small suppliers, supplying over 60% of the market by Meter Point Administration Number (MPAN).
The supplier also required support with their gas Annual Quantity (AQ) review. Engage provided an expert in AQ review, to ensure that they maximised the outcome. We delivered both significant financial benefit, and reusable process improvements to ensure that subsequent reviews deliver maximum value.