Loading...

Helping you make sense of the energy and water sectors

Publications

Chart of the Week

2020

Customers drive TPIs to go green

Sam Holland Analyst

In 2019, large consumer-facing businesses led Third Party Intermediaries (TPIs) to increase their valuation of green power contracts backed by Renewable Energy Guarantees of Origin (REGOs). In this weeks Chart of the Week, we look at Cornwall Insight’s 2019 TPI Satisfaction Survey, and the shift in I&C TPI valuation of services beyond energy contracts towards green power. The TPI Satisfaction Survey is an annual report which details TPI views on services they receive from energy suppliers. The 2019 edition captures the views of almost 80 TPIs, and also asks questions such as which suppliers “meet TPI needs” best and whether TPIs would recommend suppliers for their products and service. This year’s survey revealed a number of changes across the supplier rankings, as well as the emergence of REGOs and Demand Side Response (DSR) as highly valued services beyond energy contracts from suppliers. Figure 1 shows the increase in TPI valuation of REGOs and DSR compared to the benchmark most popular service. This moved REGOs and DSR up the service rankings. Dedicated account managers remained the most valuable service beyond energy contracts. TPIs found, compared to 2018, I&C businesses are more likely to engage with green energy and ask TPIs for a renewable energy quote. One TPI stated: “[in 2019] demand for green products [from businesses] has increased on a monthly basis”. These large businesses are under pressure to source both renewable power and gas in order to fulfil net zero aspirations. However, anecdotal evidence from ...

To keep reading, please log in to your account

Alternatively, please sign up to receive
free market insight online and direct
to your inbox



Who we work for