Spark Energy reviews, prices and tariffs
Born out of their letting industry experience, Spark Energy identified a gap in the utility market supplying gas and electricity to new tenants via their letting agents. In 2007, they set out to keep things simple for letting agents, landlord and tenants, and now supply over 350,000 customers and counting from their office in the Scottish Borders.
A relative newcomer, Spark Energy is challenging the big suppliers with its unique offering, backed by cheap pricing, green energy options and smart technology. They focus on supplying domestic customers only with a range of tariffs with a variety of payment options.
Tili is Spark Energy’s award-winning digital home-move assistant who can set up your home services.
In 2018, OVO Energy was appointed by Ofgem to take over the company, but Spark Energy continues to operate as a separate brand.
Spark Energy is owned by OVO Energy. wholly owned by OVO Energy founder Stephen Fitzpatrick.
In 2019, the Mitsubishi Corporation bought a 20% stake in the company, following the only prior sale of equity to Mayfair Equity Partners in 2015.
Green Star Energy’s postal address is:
Spark Energy Ltd
If you choose to switch through Love Energy Savings, one of our representatives will contact Spark Energy team on your behalf, saving you the hassle of back and forth communications. That way, you get the energy tariff you want with minimal fuss.
Spark Energy prices and tariffs
Spark Energy supply wholly to the domestic market within a niche supplying via letting agents; both high-street names and smaller independents.
Spark Energy currently offers new customers two fixed-rate options. Choosing a fixed rate tariff can give you peace of mind, with rates fixed for the term of the contract.
- Tili Select Saver - Apr 2021 Monthly Fixed Direct Debit
- Fixed Saver March 2021 — Monthly Fixed Direct Debit
The variable tariffs on offer from Spark Energy will rise and fall in line with the market, but can offer savings if the prices drop, however they will also rise when the market price increases.
- Move In Saver v9 — Monthly Fixed Direct Debit
- Move In Saver v9 — Prepayment Meter
Spark Energy’s fuel mix is listed below.
- Natural Gas: 61%
- Renewables: 39%
The latest financial information for Spark Energy Limited Year-End 2018 and is as follows:
Metric Total Year on Year Change Revenue £936.4m +23% Gross profit £70.8m -44% Loss for financial year (£45.6m) -£48.9m
View the full financials for Spark Energy here.
Engie has been awarded accolades in the energy sector and beyond with its work with local authorities.
- National Energy Conferences LLC - 2015 Retail Energy Provider of the Year Award
Cancelling your Spark Energy can be done in the 14-day cooling-off period using a form from the website. An exit fee may apply depending on your contract. If you want to leave, it’s better to view your online account to check the balance, you’ll need to rectify this before you leave or when you receive your final bill.
In October 2019, Spark Energy has pledged to purchase 50% electricity from renewable sources, an increase from 33% from how they previously purchased electricity. They have also pledged to become net-zero by 2030, which means the business operations will have a neutral carbon footprint by offsetting its energy.
Understanding your Spark Energy bill
Your online or paper bill will tell you:
- The billing period (typically monthly)
- What you owe and when it needs to be paid
- Your estimated energy usage over the billing period
- A detailed breakdown of your usage
- A comparison of this usage compared to last year
- A breakdown of how the price has been calculated for transparency
- Advice on how you could spend less on your energy bills
How to switch to Spark Energy
Whether you want to switch your tariff or your supplier, Love Energy Savings can handle a switch to Spark Energy for you. We’ll get everything sorted for you by liaising with your current provider and the Spark Energy team.
Enter your details here to generate a quote for your business and then simply decide if it’s the right supplier for you.
Energy saving FAQs
List of business energy suppliers
At Love Energy Savings, we work with the following energy suppliers:
- Avanti Gas
- British Gas
- Crown Gas & Power
- Dual Energy
- Gazprom Energy
- Octopus Energy
- Scottish Power
- Total Gas & Power
Who is the cheapest energy provider for businesses?
The cheapest energy provider for businesses will depend on a number of factors, such as:
- Your location
- The size of your premises
- Your current supplier
- Current spend on business energy
- Current consumption of kWh units and current standing charges
- Meter type (standard, economy 7, maximum demand or half hourly)
The easiest way to find the cheapest energy provider is to compare energy prices.
Who is the best energy supplier?
Choosing the best energy supplier for your business is very important. You want to know that the provider you choose will value you as a customer, that you’ll receive excellent customer service and that the company acts with total transparency.
Which? consumer magazine published a survey that compared key suppliers on a number of factors including:
- Bill accuracy
- Customer service (phone)
- Customer service (online)
- Complaints handling
- Helping you understand and reduce energy use
- Value for money
Take a look at the ‘Best and worst energy companies for 2019’ survey for more information.
What do I have to do to switch my business energy supplier?
Switching your business energy has never been easier. Once you’ve found a supplier and quote which suits your business’ needs simply hit ‘Buy Now’ or wait for one of our agents to contact you. Once you’re happy to proceed, we’ll handle the entire switch for you. We’ll need a few additional bits of information along the way, but this will all be explained in your welcome pack