Arbor secures lower electricity supply rates for consumers in deregulated energy markets without changing their utility provider. The service automatically finds and enrolls users in better supply plans, resulting in reduced monthly energy expenses. This process is managed seamlessly through an application, requiring no upfront cost or commitment from the customer.
Funding
$9M 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.
Founders
Product
Problem
Many homeowners and renters overpay for electricity due to the complexity of deregulated energy markets and the difficulty in continuously monitoring available supply rates. Consumers often stick with default utility plans, missing out on opportunities to secure lower rates from alternative suppliers.
Solution
Arbor is a digital energy platform that automates the process of finding and securing lower electricity supply rates for homeowners and renters in deregulated markets. By linking a utility account, Arbor continuously monitors available rates and automatically switches users to more cost-effective plans without any service interruptions. Arbor navigates the complexities of energy contracts, ensuring users benefit from competitive rates without having to spend time researching and comparing plans themselves. The platform is designed to provide ongoing savings on autopilot, giving users peace of mind that they are always on a great rate.
Target Audience
Arbor primarily targets homeowners and renters in deregulated energy markets who are looking to reduce their electricity bills without the hassle of actively managing their energy plans.
Features
- Automated rate monitoring and switching to secure lower electricity supply rates
- Seamless integration with existing utility accounts, ensuring no service interruptions
- Continuous monitoring of the energy market to maintain optimal rates
- Coverage of early termination fees associated with switching plans
- User-friendly platform accessible to both renters and homeowners