Ergoe Energy welcomes CMA report on energy markets

10th March 2016

Ergoe Energy Ltd, developers of technologies that enable consumers to reduce their energy costs by switching suppliers, welcomes today's Competition and Markets Authority (CMA) press release setting out energy market changes. Ergoe Energy is committed to creating solutions that empower domestic and small business users to switch more easily to lower cost energy tariffs. Ergoe will shortly be launching a crowdfunding campaign to encourage UK investment in this technology.

The Ergoe Energy App initially for Android and iOS platforms, will manage energy supplier tariffs and micro-transactions for users, ultimately drawing upon the data recorded by installed Smart Meters.

Toby Gawin, CEO of Ergoe Energy explained, "The CMA report confirms that 70% of the domestic customers of the 6 largest energy firms are still on the more expensive 'default' standard variable tariff. The introduction of Smart Meters into UK homes will enable consumers to take part in the digital revolution of power generation and consumption. Our App will enable any household to seamlessly switch energy companies to purchase their power more efficiently and at a lower cost."

In the wholesale market, energy is bought and sold in intervals of 30 minutes. In contrast consumers often take many months and attempts to review and select a single new tariff and supplier. Switching suppliers is perceived by many consumers as a complex hassle.

The Ergoe Energy App will automate and manage the switching of energy suppliers and tariffs for users, enabling them to take advantage of the latest deals in the current market, and also the considerable cost savings and offers from new entrants into the supply chain. Future development of the App will benefit investment in renewable energy by enabling consumers who generate power to sell it back to Suppliers via the App.

Ergoe Energy crowdfunding growth via SEEDRS

21st March 2016

Ergoe Energy App to help consumers switch energy suppliers

Ergoe Energy Ltd announces today the launch of their crowdfunding campaign for additional funding to develop the Ergoe Energy App which will enable domestic and small business users to switch energy suppliers more easily and automate access to lower-cost energy tariffs. The company is offering equity in exchange for funding via the SEEDRS crowdfunding portal.

The Ergoe Energy App initially for Android and iOS platforms will manage energy supplier tariffs and micro-transactions for users, ultimately drawing upon the data recorded by installed Smart Meters.

Toby Gawin, CEO of Ergoe Energy announced, "Worldwide Energy generation is gradually extricating itself from the current heavily centralised model and moving towards a much more efficient distributed system utilising new generation technologies. The initial version of the Ergoe Energy APP will initially simply help users better manage their current energy suppliers and save them unnecessary costs, but further down our development track, we envisage that it will allow users to both buy and sell energy produced in the home via the growing number of installed renewable sources."

Rupert Baker, CSO for Ergoe Energy explained, "Crowdfunding this stage of our growth made sense because we are creating a platform that will empower consumers in communities and households. We want to give individual investors a chance to own this technology and the benefits that will come from revolutionising the UK energy generation and management ecosystem."

Peter Cross, CTO for Ergoe Energy stated, "The UK rollout of Smart Meters has the potential to completely alter the face of UK energy management. Our technology will enable our domestic users and small businesses to simply and easily switch suppliers and tariffs on a more frequent basis, and as it constantly monitors what is available, it always provides them with the best match between energy tariffs and their energy consumption profile."

Ergoe Energy is offering shares in exchange for investment at https://www.seedrs.com/ergoe-energy