We’re proud to announce the official launch of Price Protect
First-of-its-kind in the business energy market, Price Protect is a new renewable energy tariff that combines the flexibility of a variable rate, with the peace of mind of a fixed one.
Fluctuating energy prices and frequent price spikes have created challenges for organisations keen to reduce their energy costs and decarbonise their operations.
With the new financial year starting in January for many businesses, and new energy challenges on the horizon, Wattstor, as the next-generation energy company, is empowering organisations to embrace a new approach to energy management – one focused on safeguarding energy prices.
Always less than the market, never more than agreed
“The idea behind Price Protect is simple but totally innovative,” explains Wattstor’s CEO, Stephan Marty. “It’s a variable electricity tariff but capped. This means that if wholesale electricity prices fall, our customers benefit from a cheaper rate. But if prices spike, customers will be protected by a price cap – meaning they’ll never pay more than agreed.
On top of that, Wattstor’s rate will come at a guaranteed discount to the market rate, no matter how much prices will fall. In other words, whatever the electricity market price is, if you have Price Protect, yours will always be lower.”
The idea of a variable but capped renewable tariff – covering 100% of electricity consumed on site – is a first-of-its-kind in the business energy market. By protecting customers from price spikes while allowing them to profit from price dips, Wattstor hopes to usher its corporate customers into a new generation of energy management, where flexibility meets peace of mind. This comes with the possibility of powering operations with up to 100% renewable energy – combining profitability with net zero ambitions.
The new tariff differs from standard power purchase agreements (PPAs) currently available in the market. Price Protect combines both grid electricity and onsite-generated electricity into one solution, covering 100% of site load.
Read the full press release: Wattstor launches Price Protect >
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