Sharing our profits 50/50
Our 50/50 profit share explained
At Share Energy, we genuinely believe that it's possible to run a sustainable business that rewards, rather than exploits, its customers
While the energy giants continue to hogg record profits, Share Energy's profit-sharing model ensures that our growth directly benefits our customers. Such a revolutionary model is bound to generate queries, so we've done our best to answer the most common ones below.
We share our profits with our customers 50/50.
Our model is based on long-term relationships, and we’ll start tracking your profit as soon as you join. So the longer you're with us the more you'll receive.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
Like all suppliers, the majority of your bill covers the cost of the energy, as well as our operating costs and relevant taxes.
Profit is what’s left after covering those expenses, and we share half of it with our customers. The profit on every pound can seem small, but it all adds up!
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
We’re not able to give you a precise figure on how much you’ll receive, since it depends on how much profit we've made.
Your share will be based on your consumption - as a percentage of the total energy supplied by Share Energy - between October 1st and September 30th - our 'Financial Year'.
All profit payments will include any profit you earned in the preceding Financial Year.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
We'll share our profits once a year - usually in July - just as soon as our accounts have been independently audited.
Please note that you must be a customer on the date of the pay-out to receive your payment.
It goes without saying that to share profits we first need to make profit, so spread the word about Share Energy, because the more customers we have the more we can share - and the sooner we can do it.
For in-depth information on how our profit share works, please refer to our Profit Share Explained document
Your share of the profits can be sent as cash to your bank account - or credit to your Share Energy account or meter, whichever you decide.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
The Share Energy profit-share scheme is available to qualifying customers only. Should you decide to leave, you’ll no longer qualify under the scheme and will forfeit any entitlement to the profit share.
We truly value your custom at Share Energy and we're continually striving to enhance our services. If you’re considering a switch, we’d be grateful for the chance to understand your reasons and discuss how we might better meet your needs.
Reach out to us on 0808 304 9870
Phone lines are open Monday to Friday 8am to 7pm and on Saturday from 9am - 1pm. Calls are recorded for training and quality assurance purpose.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
While we acknowledge that it can sometimes be difficult in the first year of business, our firm intention is to be profitable as soon as possible so that we can begin to reward our customers. However, this will depend entirely on the company’s performance and the number of customers that join.
The more customers we have, the more we can share and the sooner we can do it, so spread the word!
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
It goes without saying that to share profits we first need to make profits.
While we acknowledge that it can sometimes be difficult in the first year of business, our firm intention is to be profitable as soon as possible so that we can begin to reward our customers. However, this will depend entirely on the company’s performance and the number of customers that join.
We encourage our customers to spread the word, because the more customers we have, the more we can give back and the sooner we can do it.
For in-depth information on how our profit share works, please refer to our Profit Share Explained document
There's no restriction. As long as you are an active customer on the date of pay out, you're eligible to receive your share of any profits. However, the longer you're with us the more you'll receive.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
More information will follow shortly.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
No, it is credit or payment received as part of a profit-share scheme.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
Share Energy Trading Ltd is a privately owned company whose founders and directors have extensive experience in the fields of electricity generation and supply.
Jonathan Barr and Colm McClean have founded and developed a number of established companies in the renewable, engineering and software industries - including Wind NI, Everun and iZon. They've also provided investment and support to numerous startups across various sectors.
Damian Wilson has been at the forefront of the Northern Irish electricity supply market for 15 years, gaining in-depth knowledge of what's required to manage and operate an energy supplier.
This blend of expertise in the electricity lifecycle and strategic growth means that Share Energy has the necessary foundation to become the leading electricity supplier in Northern Ireland.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
No. When you join Share Energy, you're automatically enrolled into our profit-sharing scheme, provided that you remain a qualifying customer.
It's important to note, however, that being part of this scheme does not confer shareholder status upon you.
Our profit-sharing initiative is designed to reward valued customers for their ongoing support and commitment.
For in-depth information on how our profit-share works, please refer to our Profit Share Explained document
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