Future Energy, based in Newcastle, has reached a landmark amount of customers and is now planning to expand into bigger premises.
The business, which is the brainchild of entrepreneur Tim Cantle-Jones, hopes to challenge the big six energy providers.
Tim said: “It’s been an immensely challenging task bringing Future Energy to the market but we’re delighted to have made a strong start and reached some solid milestones.”
“We’re delighted that 1,000 local customers have seen the benefits of switching to a locally based supplier committed to putting customers first and offering a better deal on energy prices.
“We know the potential demand is there; we just need to show people across the North East how easy it is to switch and how quickly they can save money. We think we can cut 10-15 per cent off most household bills and still make a profit.”
Future Energy is confident that it can reach 5,000 customers within the next six months and is already looking to recruit more members of staff in preparation.
The company is also set to relocate its head office from Newcastle Business Park and to Hoults Yard, Newcastle in the near future and expects to double staff within the year at its operational site in Armstrong Business Park.