The Just Energy Group Inc, a leading competitive retailer of natural gas, electricity and green energy in North America, announced today its entry into the commercial UK energy market through its subsidiary, Hudson Energy Supply UK Limited. Specializing in customized index and fixed price energy products, Hudson Energy is a business-to-business supplier of electric power and natural gas commodities.
With its leading edge technology, Hudson Energy brings agility and flexibility to the market, as well as an experienced UK management team. Brokers will have instant access to customer pricing information that enables them to generate comparative rates for customers within minutes as opposed to days, which is typical in today's market. For the UK business customer, this enables them to take advantage of market conditions and offers a significant improvement in the accessibility and transparency of pricing information.
The entry into the UK market is the first step beyond North America for Just Energy. "We believe the UK market has the ideal characteristics for our entry into Europe," said Deborah Merril, President of Hudson Energy. "It has well established market rules that ease our entry into the commercial market through Hudson. Once established, it is a logical next step to enter the residential market, and then broaden our offerings to other countries in Europe."
"Our move into the UK energy market is a natural step in the evolution of our company. We have leveraged our strong North American supplier relationships to support our entry and many of our North American brokers also serve customers in the UK," says Ken Hartwick, Just Energy's President and Chief Executive Officer. "Our Hudson business unit has been a major contributor to our North American growth over the past two years leading to unprecedented customer additions and margin growth. We have committed substantial investment to develop our entry into Europe and we are very excited to see that it is now going to begin adding new customers to the Just Energy family. European operations stand to be the next growth engine for the Just Energy story."