Ovo acquisition of Spark fantastic news for rental sector
Nov 28, 2018 by Spark Energy
Spark CEO Chris Gauld has voiced his confidence over yesterday’s announcement that OVO Group has acquired Spark Energy in a move which will ‘significantly benefit the rental sector’.
It’s business as usual for Spark who will continue to add-value to its existing customers, with no disruption, while part of a much larger and highly innovative group – delivering a broad range of home services on behalf of agents and landlords as well as managing relationships with its partners who benefit from their market-leading void management service.
There will also be many new opportunities for Spark customers now that it is part of OVO Group, such as the offer of a 100% renewable energy tariff, a range of additional home services and new digital innovations which will greatly support the rental sector.
Spark remains the only specialist utility company for the rental market, managing supplies of property portfolios for landlords, agents and lettings firms – adopting supply during void periods and handling all administration.
As a trusted, long-term partner for many of the industry’s most established companies, Spark’s quality of service and expertise is invaluable, saving time and money for its partners.
Chris Gauld, Spark CEO said: “This is great news which will significantly benefit the rental sector. Spark is now part of the UK’s largest independent energy supplier and a very successful group of companies. We will service our customers, under OVO’s licence, from our existing offices, and continue to grow our niche model of partnering with leading letting and estate agent companies.
“I’m delighted that we can continue to evolve as part of the OVO family with a renewed confidence in the future despite the challenges the energy sector is facing.”
Alongside its gas and electricity arm, Spark also supplies broadband, telephony and bespoke Sky TV packages, specially tailored to the requirements of people in rented accommodation.
Earlier this year the company launched its digital home-move assistant, Tili – enabling home movers to set-up their essential utilities in just ten taps and three minutes while offering new income streams for the property industry.
This product continues to develop, expanding its offering into additional subscriptions including gym memberships and delivery services, alongside utilities and council tax.