As you know, one key feature of Flick’s proposition is allowing direct access to the wholesale spot market, an option usually only reserved for large industrial consumers of electricity.
Access to the wholesale spot market comes with its share of risks and rewards, and as part of this we have a compliance requirement to inform you of some key associated risks by sharing information around what the industry refers to as a “stress test”.
You can find information about the stress test on the Electricity Authority’s website.
Note that this industry stress test information assumes you are a large consumer of electricity, so you may find it’s not highly relevant to you as a residential customer (yet we are still required to tell you about it).
Flick was the first to offer access to the wholesale spot market to residential customers just a few years ago, and the industry is yet to develop a residential version of the stress test. We are working on a version that hopefully will help explain these risks a little better, and we’ll share this with you when it’s ready. In the meantime, you can read more about spot prices over on the blog.
As always, if you have any questions, flick us an email at firstname.lastname@example.org, or give us a call on 0800 435 425.