Open Energy Market Has Saved the Taxpayer Over £0.25bn

  • 80% of OEM’s customers won’t have to rely on taxpayer support this winter
  • Saving taxpayers over £250m versus full energy price cap payouts
  • Keeping hundreds of businesses afloat and in control of their costs

Open Energy Market (OEM), a leading provider of energy procurement services and net zero technologies, today quantifies the taxpayer savings made by the company as a result of its proactive and effective management of business energy strategies.

With 80% of its customers not having to rely on taxpayer support via the energy price cap this winter, OEM has saved the taxpayer over £0.25bn.

Clients benefit from an end-to-end service covering all aspects of their energy, from Risk Management to Procurement and Net Zero strategies. OEM’s fund has consistently outperformed the market, delivering substantial savings across Gas and Power to hundreds of businesses throughout the UK. This has enabled OEM to protect businesses and the taxpayer.

Chris Maclean, CEO of Open Energy Market highlighted the numbers as an example of the real impact that Open Energy Market has on both the economy and their customers. “Now in our tenth year, this data validates the key role we play in bringing cost savings, confidence and control to a volatile market. Our expert traders, risk management team and proprietary platform represent a unique capability which continues to outperform the markets on both commodities for our customers, saving £millions across our client base and over £250m for the taxpayer this winter.”

One business which enjoys the cost savings, confidence and control brought by Open Energy Market is Shepherd Neame Ltd.

Jonathan Neame, CEO of Shepherd Neame Ltd. commented: “Open Energy Market has provided us with excellent advice through some very turbulent times. This has saved us material sums as we have been able to fix utility supplies at below the market rate. This has given the business sufficient stability to be able to think beyond the current volatility for the long term.”