The UK government starts privatising the energy market, signalling the end of state-controlled energy.

The Electricity Act is passed, giving businesses the choice on energy suppliers and the ability to look for deals that best fit their needs.

Ofgem, the Office of Gas and Electricity Markets, is formed to protect the interests of consumers.

The UK initiates the rollout of smart meters, providing businesses with real-time energy usage data, enabling better energy management and cost-efficiency.

The energy market diversifies with an increase in suppliers, and energy brokers emerge offering comparison websites but often with opaque fee structures.

A global surge in natural gas prices, supply shortages, and rampant inflation lead to the collapse of numerous energy suppliers. UK businesses grapple with energy bills 2–3 times higher than in 2019.

Allegations of hidden commissions being paid to energy brokers by energy companies surface. Law firms are preparing class actions on behalf of SMEs who may have been mis-sold energy contracts.

VoltView is launched. The VoltView team engages in consultations with SMEs and conducts further market research to explore how SMEs could benefit from using their energy data.

VoltView is a finalist in the Smart Data Innovation Challenge by the Department for Business and Trade, Challenge Works, ODI, and Smart Data Foundry.

VoltView becomes part of the Project Perseus initiative by Bankers for Net Zero, aiming to automate SME emissions reporting and unlock green finance.

VoltView begins developing Open Energy solutions inspired by Open Banking to improve data transparency and accessibility.