Newcastle businessman launches new energy provider just for the North East

A new energy provider will be launched this week – and it’s just for the North East.

Future Energy promises cheaper bills, accurate meter readings, and free smart meters.

Managing director Tim Cantle-Jones has also vowed to create local jobs and help the community by ploughing a percentage of his profits into charity.

The new face in the market will be launched at the Institute of Mining Welfare at Westgate Road, Newcastle, on Thursday at a launch attended by business leaders from the region.

It’s just the latest venture from a man who has moved from sports management to festivals and now into business.

He has a letter of congratulations from Nelson Mandela for his achievements in integrating sport in South Africa after the end of Apartheid.

He has also been involved in a drive to bring beach volleyball into town centres and as director of the Millennium Festival was responsible for 15,000 events across the country in 1999 and 2000.

In his newest role Tim has ambitious plans to take at least 80,000 customers from the Big 6 energy suppliers within three years.

He said:

“The absolute focus of the new business will be the North East.

“We are starting to sign up customers who have pre-registered with us and we will start switching from their current suppliers from July.

“We are confident to get 6,000 to 8,000 customers by November.

“Then they will be a bit of a levelling off before a period of significant growth where we hope to get 80,000 to 100,000 customers in the North East within three years.

“We think we can cut 10 to 15 per-cent off bills and still make a good profit.”

Tim said he has developed the business over the last three years after one of his previous jobs was to advise energy customers on savings.

He said:

“We were helping households reduce their energy costs.

“What we found was that poorer households pay more for their energy because they were on high tariffs.

“I thought that was all wrong.

“In the North East people are struggling to pay and if we can help them through reducing bills then we will.

“It has taken three years of hard work to reach the stage where we are now.”

He said the big suppliers had systems in place which were bloated and inefficient and the key was in reducing overheads and cutting costs.

Future Energy is based at Riverside Studios, Newcastle Business Park, in Amethyst Road, Newcastle.

Source – Newcastle Evening Chronicle, 30 May 2015

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