Skip to Main Content

See our CEO Simon Phelan in Forbes

We were very excited to see our CEO Simon appear in a great Forbes article recently outlining his journey to entrepreneurship.

It is great seeing such an esteemed publication talk about the opportunity presenting itself in the rapidly changing energy and utilities market in the UK – “Once characterised by plain vanilla utilities companies offering equally homogeneous power and gas while competing mainly on price, this is a sector that is changing rapidly. As consumers embrace energy efficient boilers, smart thermostats, solar panels and consumption control systems regulated by the Internet of Things, a new service-oriented market is emerging.”

As implied by Forbes, what is clear is that as technology adoption and competition increase, incumbent utility revenues will shrink, and therefore next generation utilities will have to expand customer engagement with additional products alongside energy. By deepening and broadening the relationship with the customer, not only does this provide added income from additional products sold, it increases customer loyalty and shareholder value. The basic formula for success will be a combination of traditional supply along with provision of energy-related services to meet the changing needs of customers. The most loyal customers will be those that engage with utilities on both. At Hometree, we are excited to be starting life as digitally native energy services platform focused on helping homeowners reduce their energy bills for good by empowering them to make energy saving home improvements in the most hassle free way possible. We look forward to working with great publications such as Forbes again in the future to help both homeowners and the broader business community understand the scale of the change about to take place in the utility space globally.

You can read the article on Forbes.