Restart Energy has officially registered its UK subsidiary under the name ‘Restart Energy One UK’. The company identification number has already been attained (11224104); the next step is to obtain an energy supply license. RED is working closely with the most experienced utility consultancy company in the United Kingdom in order to make this happen. Once completed, we can start supplying energy to customers across the UK.

Recent energy data shows that more and more people are switching to independent energy suppliers — last year the number of people who switched rose by 15%. Overall, independent energy suppliers have gained over 1 million customers in the last year alone. This indicates that Restart Energy UK will do well on the market once the energy supply license has been acquired.

Even though the UK is moving away from the EU, they have retained their pledge to complete phase out coal power plants by 2025. As it stands, the UK has reached a renewable energy production percentage of 30% and aims to increase this drastically within the next years.

In conclusion, Restart Energy’s future on the UK energy market is looking bright and we hope to bring renewable energy to more UK customers than ever before.

About Restart Energy

Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month (5,000 new customers in the first two months of 2018), and its impressive growth: 1700% from 2015 until today.

Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, based on its proprietary virtual balancing system, that uses A.I., Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens.

The RED-Franchise is the first power retail franchise to simplify and allow any company or entrepreneur to operate their own power utility enterprise, enabling them to start selling energy in more than 35 deregulated energy markets globally.

MWAT tokens are crypto-tokens that enable the buying and selling of up to 1 MWh of electricity per month on the RED-Platform Software and will facilitate the development of affordable clean energy, through free-market practices. Upon completion of registration on the platform, an initial loyalty bonus of 0.11 kWh is applied. Producers send out monthly loyalty bonuses through the RED Loyalty System, totaling 1–5% of traded on-grid energy in exchange for access to the RED Platform.

Importantly, it should be noted that potential franchise partners will need to own (this is not a form of payment to us) a certain number of MWAT tokens, in order to qualify for our various franchise tiers — the secret to our award-winning growth as a business!

For more information, please visit our website, our Telegram, and read the Restart Energy whitepaper. Join our announcement channel for updates regarding Restart Energy Democracy.