The Open Performance Fund outperformed the market for both the Summer 21 and Winter 21 trading season, saving our fund customers thousands. This was particularly monumental in a year that saw energy prices skyrocket and Covid was at force.

September 2020 was the launch of OEM Live, our transparent and real-time webpage that updates its users on OEM’s fund performance, carbon reduction figures, and the cost-saving results achieved for our customers. Transparency is at the heart of OEM and OEM Live encapsulates this for the world to see.

To drive the next development phase of the business we elected to take on PE investment in early 2018 which allowed us to invest significantly in the growth of the team and open a second office in Bromsgrove.

We launched our flagship trading product “The Performance Fund” alongside the bill validation module and water trading through Open Water Market. We reached our second milestone of £500m under contract

We built the UK’s first automated, OJEU compliant, Dynamic Purchasing System for the public sector, dramatically enhancing the buying process for schools, hospitals and councils.

Our ambition and innovation had not gone unnoticed and in the summer of 2017 we were awarded the title of ‘Energy Consultants of Tomorrow’ by TELCA.

When we delivered a significant saving for Nandos in direct competition with three of the largest brokers in the industry, we knew we had a product that would change the industry.

Our growth accelerated from there with more large household names converting to our Open Platform. In 2016 we reached our first milestone of £100m under contract and launched our unique flexible trading module for large energy users.

Open Energy Market was established in 2012 with a vision of providing energy buyers and suppliers a more efficient, open and fairer way to contract. The industry lacked technology, transparency and innovation; challenges we met head on with the launch of our Open Platform in 2013.

The first iteration of the platform focused on our highly competitive reverse auction; giving all UK suppliers a fair and open route to win business and our new customers the cheapest possible prices in the market.