Power2Switch

Power2Switch

Online service enabling users to lower their electric bills by comparing energy suppliers and accessing renewable energy. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€5—7m (Dealroom.co estimates Dec 2011.)
Chicago Illinois (HQ)
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DateInvestorsAmountRound
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N/A

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$200k

Debt

$80.0k

Seed

$1.3m

Seed

N/A

Acquisition
Total Funding€1.3m

Recent News about Power2Switch

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Power2Switch is a user-friendly platform designed to help residential and commercial clients lower their electricity bills by comparing local electricity prices. Operating in the energy market, it simplifies the process of switching electricity providers by allowing users to enter their zip code, view available options, and choose the best provider based on their needs. The business model is based on partnerships with electricity providers, earning commissions for each customer that switches through their platform. This approach ensures that the service remains free for users while providing a valuable comparison tool. Power2Switch primarily serves consumers in deregulated energy markets, where multiple electricity providers compete for customers. By offering a transparent and straightforward comparison process, the company helps users make informed decisions and save money on their energy bills.

Keywords: electricity comparison, energy savings, residential clients, commercial clients, deregulated markets, provider switching, user-friendly, cost reduction, commission-based, transparent.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.