Fuse is an energy supplier providing the lowest electricity tariffs in the UK and operates in the US market. By leveraging competitive pricing strategies and efficient energy procurement methods, Fuse aims to reduce energy costs for consumers.
Funding
$108M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+5Founders
Product
Problem
Consumers often struggle to find affordable and transparent electricity tariffs due to fluctuating market prices and complex billing structures. Traditional energy suppliers may lack transparency regarding renewable energy sources and reinvestment in clean energy infrastructure.
Solution
Fuse Energy is an electricity supplier focused on providing competitive tariffs and promoting renewable energy adoption. The company offers variable, fixed, multi-rate, and EV tariffs designed to cater to diverse consumer needs, including options that beat the UK price cap. Fuse Energy provides users with real-time bill tracking and forecasting through its app, enhancing transparency and enabling better energy consumption management. Unlike some energy companies that use renewable energy certificates without direct investment, Fuse Energy reinvests all profits into building clean energy infrastructure and developing technologies like green hydrogen. This commitment aims to drive a tangible impact on the energy transition, moving beyond mere greenwashing.
Target Audience
Fuse Energy targets residential and commercial consumers in the UK seeking affordable electricity tariffs, transparent billing, and a commitment to renewable energy.
Features
- Mobile app providing real-time bill tracking, savings analysis, and monthly bill forecasting updated every 30 minutes
- Variable tariffs that aim to remain cheaper than major UK suppliers by beating the UK price cap
- Fixed tariffs designed to protect consumers from price fluctuations
- Multi-rate tariffs allowing customization of peak and off-peak periods for optimized energy consumption
- EV tariffs offering discounted off-peak rates for electric vehicle charging
- Options to upload old bills for faster sign-up and switching from existing suppliers
- Reinvestment of 100% of profits into renewable energy projects, including solar and wind farms