Form an electricity or gas supplier

Establishing a new electricity or gas supply business in Great Britain is a complex, highly regulated process that requires careful planning, investment, and adherence to regulatory standards. New entrants need to navigate this landscape efficiently to achieve market entry, ensure compliance, and deliver a competitive offering. TMA provides end-to-end guidance and solutions for new suppliers, helping them to meet these challenges with confidence. 

Navigating regulatory requirements

For new energy suppliers, the foundation of a successful launch is meeting the rigorous standards set by bodies such as Ofgem, ELEXON, and RECCo. Each regulator enforces specific rules to uphold market integrity, consumer protection, and operational reliability. New suppliers must complete several critical steps, including obtaining supply licences and qualifying through entry processes, which involve rigorous testing and audits. TMA’s expertise guides suppliers through these processes with precision, ensuring compliance and helping businesses achieve the qualifications needed to operate legally and efficiently. 

Managing costs of entry 

Starting out in the energy market requires a significant initial financial commitment, covering everything from infrastructure and systems to customer acquisition. Additionally, suppliers are expected to demonstrate financial resilience by passing network entry and stress tests, along with maintaining a reserve to manage market fluctuations. TMA supports new suppliers in building an effective cost management plan, enabling them to balance these initial investments with competitive pricing strategies that drive sustainable growth. 

Ensuring compliance through data management

Accurate data submission for energy consumption, generation, and metering is essential for billing, reporting, and regulatory obligations. Compliance with the Balancing and Settlement Code (BSC) is crucial as it ensures that electricity supply and demand are balanced across the market. This involves timely data submissions to ELEXON, which calculates settlement charges to maintain a fair and efficient market. TMA’s advanced data management solutions are designed to streamline these processes, integrating seamlessly with industry-standard data flows to enable consistent, transparent reporting. 

Portfolio management and balancing obligations 

Suppliers in GB are responsible for actively managing their energy portfolio, which includes forecasting demand, securing supply contracts, and addressing imbalances. These tasks require not only accurate data but also a deep understanding of market dynamics. Under the BSC, suppliers must meet specific obligations for balancing supply and demand, or risk incurring penalties. TMA’s platform provides suppliers with the tools to manage their portfolios effectively, leveraging data analytics to improve forecasting accuracy and operational decision-making.  

Customer acquisition and retention strategies 

In an increasingly competitive market, attracting and retaining customers is essential for growth. New suppliers must offer competitive rates, exceptional customer service, and user-friendly tools such as self-service and switching portals to maintain a loyal customer base. TMA’s customer relationship management (CRM) solutions are tailored for the energy sector, enabling new suppliers to provide a seamless customer experience that meets regulatory standards for transparency and responsiveness.

The solution

TMA provides a comprehensive suite of services that enables new suppliers to navigate the complexities of the British energy market with confidence. We cover everything from regulatory compliance and data management to cost-effective CRM strategies, all backed by deep industry expertise. Partnering with TMA means gaining a trusted advisor dedicated to helping you build a resilient, competitive, and compliant energy supply business from the ground up.