Get your gas & electricity at lowest possible price - at cost! New supplier selling to you at cost price, with no profit. - HotUKDeals
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Get your gas & electricity at lowest possible price - at cost! New supplier selling to you at cost price, with no profit.

Newbold Avatar
6y, 8m agoPosted 6 years, 8 months ago
Welcome to At Cost Energy - where we believe gas and electricity are a necessity to live, not a luxury!

We challenge why ANY company should be allowed to profit from something that in our founder's opinion, is a basic human right.

As the name suggests we offer gas and electricity AT COST, no hidden extras, no flashy London offices, no pretty water feature in reception, no shareholders, no director bonuses, just the same gas and electricity you use currently, but AT COST!

The only thing that changes when you switch to At Cost Energy is the name at the top of the bill and the lower amount you pay at the bottom!

No misleading ploys, no introductory offers, just gas and electricity... AT COST!

You won't find At Cost Energy on any comparison or switching website because we refuse to build additional costs into our business. Each of these websites get paid substantial commissions for swapping consumers from one company to another, these commissions are then recouped through your energy bills, often classified as an acquisition cost or cost of supply.

Spread the word! At Cost Energy - "The People's" energy company - Your energy company.

Just a word of clarification - this is not a scam. Register now to be ready for the launch later in the year:


Our assurance and commitment to you: The information you provide to The Stockdale Group via At Cost Energy, will enable us to understand more about your home and the energy you and your family use.

Rest assured you are not giving us permission to change your supply, merely to allow us to assess the amount of energy we would need to acquire on behalf of the British public.

Your information will be kept in strict accordance with both company policy and the Data Protection Act. We will of course keep you updated with regard to our launch, which is planned for later this year. At that time we will provide you with details of the potential savings, allowing you to make a more informed decision on your preferred energy supplier, one that makes a profit, or one that does not!
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Newbold Avatar
6y, 8m agoPosted 6 years, 8 months ago
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#1
should be interesting.... watch and see i think....
#2
surahman;8136137
should be interesting.... watch and see i think....

Me too. Voted hot in anticipation:)
#3
As mentioned above, this may at first glance look like a scam (who'd want to sell gas and electricity without making a profit on it?) but it isn't.

It's a genuinely philanthropic venture run by Matt Stockdale - here's the background:

E.ON has fired the second shot in what will be the start of a price war, according to At Cost Energy’s philanthropist owner.

Matt Stockdale launched www.atcostenergy.com, a not-for-profit gas and electricity supply company, a few days ago and the big players are already reacting.

And he hopes that this is the start of a long overdue price war in the energy market.

“I was really pleased when Scottish & Southern Energy announced that it was going to cut its prices by 4%, so I was thrilled when E.ON announced that it had bested them by dropping its prices by 6%.

“But the £42 per year this will save its customers is still not even halfway to the £100 I think they should be saving.

“It’s great that the energy companies are responding to the threat to their business model that At Cost Energy represents, since my ambition has always been to get prices lowered across the industry, not steal customers away from the existing players.

“It’s only a matter of time now before all the energy providers are left with no choice to drop their prices.

“The question now is that once everyone has dropped prices below the benchmarks set by E.ON and Scottish and Southern Energy, how long will it be before the two initiators drop prices even further, triggering a price war?”

Matt was featured on the TV Programme “Tonight”; ITV News and GMTV launching www.atcostenergy.com.

He made his fortune after inventing the UK’s best selling oven cleaner Oven Pride in 2000, and building a suite of products around it. Matt sold the company at the end of last year.

Now he is following his passion to eliminate fuel poverty in the UK, and allow anyone to instantly reduce their energy bill.

www.atcostenergy.com will sell energy at the price it is bought from suppliers, plus a very small overhead to cover the costs of running the business.

A full breakdown of costs will be published online, including director salaries. The idea is to be totally transparent.

www.atcostenergy.com is part of The Stockdale Group (TSG). It is principally a consumer buying group, whose overall objective is to reduce the cost of living for everyone.

50% of the company's profits are channelled to good causes both here and abroad. This year Matt personally is supporting vulnerable families and older people who are finding it difficult to pay their gas and electricity bills, with TSG committing to support children's hospices up and down the country.

The business is explained in full at www.atcostenergy.com.
#4
I need to check this out :-)
Sounds too good...
#5
Does sound very good,about time the suppliers stopped making so much money off us. signed up.
:thumbsup::thumbsup::thumbsup:
#6
at cost mm... they will need some extra monis to pay staff etc etc. what is at cost?. wholesale cost or british gas supply cost. More info needed.. but if its wholesale cost plus a monthly fee for adim . its does sound good. voted hot but what a bit more info
#7
the sedge;8136208
at cost mm... they will need some extra monis to pay staff etc etc. what is at cost?. wholesale cost or british gas supply cost. More info needed.. but if its wholesale cost plus a monthly fee for adim . its does sound good. voted hot but what a bit more info


Check the website - it gives all the details. :thumbsup:
#8
Not a done deal...but very interesting ,

"At Cost Energy has recently submitted its draft application to OFGEM to become a licensed gas and electricity supplier. This is being reviewed and will become a public record, giving existing energy companies an opportunity to object to our license being granted. As you can imagine, we may not be a popular addition to the industry!

By involving the media and giving At Cost Energy a very high public profile we believe any objections will be quashed quickly by consumer pressure, as At Cost Energy is in essence "The People's" energy company... YOUR energy company!"
#9
the sedge
at cost mm... they will need some extra monis to pay staff etc etc. what is at cost?. wholesale cost or british gas supply cost. More info needed.. but if its wholesale cost plus a monthly fee for adim . its does sound good. voted hot but what a bit more info


It says at cost, not loss. Obviously they would have to factor in running costs as well as the price of gas and electric.
#10
a not-for-profit gas and electricity supply company

and then

50% of the company's profits are channelled to good causes mmmmmm.......
#11
If it works out won't they pretty much take the entire market? It could become very interesting.
#12
sounds too good me thinks,,,not voted,,,if it sounds too good then it is,,,
#13
Wish someone would do this with petrol stations
#14
Hope he starts selling petrol next!
#15
£$€;8136265
Hope he starts selling petrol next!


you've missed an opportunity there!
#16
loll1es
Wish someone would do this with petrol stations


Ah, great minds clearly think alike ...
banned#17
As featured by:

GMTV
ITV 1 Tonight
ITV 1 Anglia News
News of the World
Daily Star
Sunday Express
The People

I wonder why they have not been able to get a broadsheet. Has any seen any of the "as featured by"? Were they adverts placed in the papers / on TV, or genuine reports?
#18
the sedge
a not-for-profit gas and electricity supply company

and then

50% of the company's profits are channelled to good causes mmmmmm.......


They will make money from sponsorship on the site, 100% of that money will go to Childrens Hospices UK (thats what they say).

Sounds too good to be true but if it lowers my bills then I say great idea! :thumbsup:
#19
This will be very interesting!
#20
SpoonyBoy
They will make money from sponsorship on the site, 100% of that money will go to Childrens Hospices UK (thats what they say).

Sounds too good to be true but if it lowers my bills then I say great idea! :thumbsup:


yeah i do agree but just a bit sceptical but i have registed and i do want cheaper bills..:thumbsup:
#21
sounds very intresting. looked on the register bit, but didnt do it as i dont want to give name & address, but would be happy to provide an email address to be kept updated. Will keep an eye out for it. Voted hot as it may happen.
#22
Hot from me .. hope it doesn't get stopped by the big suppliers.
#23
the sedge
a not-for-profit gas and electricity supply company

and then

50% of the company's profits are channelled to good causes mmmmmm.......


That's what I thought, where's the other 50% going???

Don't think this'll work personally, they'd need such a massive number of customers in order to be able to buy in enough bulk to be able to sell cheaper than the likes of British Gas. And with 90% odd of the country on standard tariffs at the moment they aren't going to switch as they don't at the moment. The other 10% might switch but with them not being on price comparison sites and offering no commission no one is going to be selling their product, how many of those customers would switch to them? I can see them getting less than a million customers and not being offered decent enough wholesale prices, especially with the fact that as they say, the industry doesn't like them, so they're not going to be able to buy cheap as they won't be allowed to!!!

Good luck to them, but I don't see it happening.
#24
I'd love to see this happen but i fear it will just get rejected or end up like another petrolprices card fiasco that never worked and instead turned into one big mailing list.
#25
SpoonyBoy
They will make money from sponsorship on the site, 100% of that money will go to Childrens Hospices UK (thats what they say).

Sounds too good to be true but if it lowers my bills then I say great idea! :thumbsup:


I thought they aren't intending on making a profit? So why only 50% of their profits going to charity, the other 50% must go somewhere?
1 Like #26
stone cold. there's no product actually on offer here, just the chance to give your details over. there's also no guarentee that this will be any cheaper.

Year one of a lot of energy contracts are often really cheap any way through promos + cashback.
Just keep switching, comparing and having cashback every year. I'd be surprised & shocked ((even if these lot get off the ground)) that their prices will beat a proper compare switch + cashback.
#27
registered & voted hot - what's to lose?
#28
Hot !
#29
I'd like to believe it to be true...these kind of ventures are long overdue and can knock existing companies out of the arena and bring an end to companies that are solely focussed upon delivering shareholder growth.

If a company can be run as a zero-growth entity, providing consumers with the lowest price possible and their employees with a reasonable salary, then you'll knock investors out of the equation.

It could be revolutionary...

Personally, I'm still reeling from when the government chose to renew Chamelot's lottery license, instead of awarding it to not-for-profit Virgin. Ridiculous and obviously there was MPs with vested interests (i.e. money) in that decision.

Let's hope the same thing doesn't happen to this, when it comes to being granted with a license.

Bring on the zero-growth economy! :viking:
#30
the sedge
a not-for-profit gas and electricity supply company

and then

50% of the company's profits are channelled to good causes mmmmmm.......

Its the holding company that gives 50% profits to charitable causes. Doesn't mean that this energy subsidiary will be making any profits.

"At Cost Energy is part of The Stockdale Group (TSG), set up by founder and millionaire philanthropist, Matt Stockdale. TSG is principally a consumer buying group, whose overall objective is to reduce the cost of living for everyone.

What makes TSG unique is that 50% of the company's profits are channelled to good causes both here and abroad."

Surely the guy is allowed to make money in other parts of his company.
#31
Website is terrible, enough to put me off are things like this...

At Cost Energy is in essence "The People's" energy company... or better put, YOUR energy company. Remember the company has been set up to make NO PROFIT whatsoever.

What makes TSG unique is that 50% of the company's profits are channelled to good causes both here and abroad. Not just this year, but for decades to come. This year Matt, personally, is supporting vulnerable families and older people who are finding it difficult to pay their gas and electricity bills, with TSG committing to support children's hospices up and down the country.
#32
Like to believe that it will happen as proposed, but experience has shown that often such schemes either don't get off the ground, or change in response to economic conditions / greed.

Also have to be careful with the "no-profit" claim as in company terms profits are what left after you deduct running costs from income at the end of the year. It is therefore possible to have no profit from a company no matter what the turn-over if for instance you set the director's renumeration accordingly.
#33
This was tried with petrol years ago, it lasted about 18 months before the big boys bullied the bulk suppliers to make them stop selling to the atcost stations. Dont hold your breath this wont last, but I vote it hot for trying.
#34
Looks good but already "at cost" includes admin (which is reasonable)and 50% of profits going to charity, profits? I thought it was at cost.

Looks like just another gimick to me, I hope I'm wrong.
#35
wow what a brave guy.... Full support to him. Maybe water and broadband next ??
#36
punkrjb
stone cold. there's no product actually on offer here, just the chance to give your details over. there's also no guarentee that this will be any cheaper.

Year one of a lot of energy contracts are often really cheap any way through promos + cashback.
Just keep switching, comparing and having cashback every year. I'd be surprised & shocked ((even if these lot get off the ground)) that their prices will beat a proper compare switch + cashback.


Agreed.

Surely it costs a massive amount to start such a company that investors would be necessary? Or in other words, without money being invested the company wouldn't get off the ground. That money has to be recouped somewhere, unless he's putting millions in without ever expecting any of it back? So the money will be recouped through the bills, probably not in the first year though!!!

He'll claim it's a success as in future years he'll say that the cost of energy across all the suppliers is lower than it would've been, in fact it's more likely that his costs will be higher than they should be meaning he's recouping his money.

Not on price comparison sites = not going to get many customers = not able to negotiate good prices for your customers.
#37
sbugg
Looks good but already "at cost" includes admin (which is reasonable)and 50% of profits going to charity, profits? I thought it was at cost.

Looks like just another gimick to me, I hope I'm wrong.


I think the 50% of profits is for The Stockdale Group as a whole and not this venture. That's how I read it.

Thanks for the link. I saw something about this the other day but couldn't find it.
#38
AnotherOne
Like to believe that it will happen as proposed, but experience has shown that often such schemes either don't get off the ground, or change in response to economic conditions / greed.

Also have to be careful with the "no-profit" claim as in company terms profits are what left after you deduct running costs from income at the end of the year. It is therefore possible to have no profit from a company no matter what the turn-over if for instance you set the director's renumeration accordingly.


Yep, instead of making a profit as a company he could pay it to himself as wages!!!

There are other ways, he says that some of the work will be outsourced to other companies, potentially other companies that he owns that are allowed to make a profit and could potentially be charging more than usual.
#39
Sounds quite good, but I refuse to deal with companies that don't have a pretty water feature in reception.
#40
Benjimoron
Yep, instead of making a profit as a company he could pay it to himself as wages!!!

There are other ways, he says that some of the work will be outsourced to other companies, potentially other companies that he owns that are allowed to make a profit and could potentially be charging more than usual.


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