SERVE-UK is an online, premium, supplier neutral, membership based community enabling, commercial electricity buyers and licenced suppliers to trade with each other in a secure environment.
SERVE-UK operates with a weighted, fully transparent, transaction fee, based model.
SERVE-UK offers a usage based, pre-invoice, early financial settlement solution (FastPay) available to all licensed power suppliers.
All receivables are insured by an independent underwriter to protect members from counter party default
Member funds are held and protected in 'named' ring-fenced client accounts with an FCA regulated financial institution. The beneficial interests of all sales proceeds remain under client control at all times.
The SERVE-UK model has specifically been designed to help reduce electricity prices for commercial users and promote the supply and procurement of cleaner renewable power sources.
SERVE-UK allows members to meet their supply and demand requirements in a safe and fair environment.
SMEs sit alongside I&Cs in their mutual pursuit of flexible, competitively priced energy contracts.
Suppliers are protected from counterparty default.