Energetix Group a step closer to supplying energy

Energy efficient boiler developer Energix Group said it had successfully entered a crucial phase to test the processes and IT systems of Kingston Energy, its retail energy provider.

The company has processed its first batch of energy customers as part of the Controlled Market Entry (CME) phase, a prerequisite for any new entrant wanting to supply electricity to consumers.

During the process Kingston Energy has to prove it has the full end-to-end processes and robust IT systems in place to be an energy supplier.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

The firm will take on up to 100 energy customers over a three month period with the CME process expected to complete in January 2013.

"We are confident that the next three months will demonstrate that, having extensively tested the robustness of our systems, processes and customer services, they will be proven in an operational environment," said Tony Stiff, Managing Director of Kingston Energy.

MM