RE: EAAS Trading model8 Sep 2022 21:25
I was reading Martin Lewis's MSE email earlier, just quoting first three points as it's a long document.
"
1. The new price guarantee starts 1 October, and for someone on typical use will be £2,500 a year and will last for two years.
2. The current price cap is £1,971 a year rate at typical use, and was due to rise to £3,549 a year (and likely £5,400 a year in January). It was £1,277 a year last winter.
3. This will be a cap on standing charges and unit rates, so use less you pay less, use more you pay more (I’ll publish the rates when I have them). There is no total cap on what you pay, the typical rate is just a figure for illustration."
Now this is for domestic consumers so don't think business customer will get it easier than this. Compare to the last winter, price will remain more than double so considering the inflation, businesses will be still paying more therefore in a recession, business have absolutely no choice but to reduce cost and energy will be no 1 on that list!
I understand EAAS makes money with number of contracts regardless of the energy price so I fail to see how they will lose money considering they have already signed record contracts to date according to the CEO ( https://www.youtube.com/watch?v=UcMqApKG_hM).
What is getting me interested is the new business you didn't mention, eCharge https://www.echarge.io/
I see more EV cars on the roads than ever before so if they can successfully rollout their eCharging business even to their existing clients, I see substantial revenue growth coming from it, expand the client base and they will be laughing!
All in all, I'm hopeful with EAAS even in this market.
GL
Sign In
Follow the stocks
