Jellyfish Energy's Larva Rating Tracker: A Game-Changer for New and Low-Credit Businesses

Overcoming Challenges for New and Low-Credit Businesses

For new businesses or those with poor credit scores, securing competitive energy contracts can be a daunting task. Most energy suppliers require businesses to have at least 12 months of trading history, which leaves startups or businesses rebuilding their credit with limited options. In many cases, these businesses are forced to stay with their current supplier or choose from a small pool of alternatives, often at higher rates.

Jellyfish Energy recognises this challenge and has introduced the Larva Rating Tracker, a unique product designed to provide businesses in these situations with a fair chance to access better energy rates while building their creditworthiness.

How the Larva Rating Tracker Works

When businesses sign up for the Larva Rating Tracker, they start with the default Bronze (2 Stars) rating, which comes with the advertised unit rate. Over the course of the 12-month contract, they can progress through higher rating tiers to unlock significant discounts. Here’s the progression timeline:

• 3 Months: Silver (3 Stars)
• 2.5% discount on unit rates
• Businesses that pay their bills on time and comply with meter reading requirements can achieve this rating early in the contract.

• 6 Months: Gold (4 Stars)
• 5% discount on unit rates
• Consistently meeting financial and engagement criteria brings greater savings.

• 9 Months: Platinum (5 Stars)
• 7.5% discount on unit rates
• Achieving this top tier ensures maximum savings for the remainder of the contract term.

This transparent and dynamic system empowers businesses to lower their energy costs as they build trust and improve their financial profile.

Key Features of the Larva Rating Tracker

1. Dynamic Energy Rates
   The unit rates adjust in real-time based on your rating, rewarding consistent financial responsibility and engagement.
   
   
2. Credit-Building Opportunity
   The product is tailored for businesses with poor or no credit history, helping them establish trust and stability over time.
   
   
3. Fair and Transparent Rating System
   Your rating is determined by clear, measurable factors, including payment behaviour and meter reading compliance.

How the Rating System Works

The Live Customer Rating Algorithm evaluates businesses using two primary factors:

1. Payment Behaviour:
2. Bills are evaluated 14 days after release.
3. Businesses with a neutral or credit balance earn 1 point.
4. Businesses in debt lose 3 points.
   
   
5. Meter Reading Compliance:
6. Accurate meter readings must be submitted at least once every quarter.
7. Failure to submit readings results in a 1-point deduction.
   
   

The algorithm continuously updates your rating based on the latest data, ensuring that your progress is reflected promptly.

Benefits of the Larva Rating Tracker for Businesses

1. Save on Energy Costs
2. Unlock discounts of up to 7.5% on unit rates by progressing through the rating tiers.
   
   
3. Access to Competitive Rates
4. Overcome the limitations of poor credit or limited trading history by securing a flexible energy contract designed for your needs.
   
   
5. Build Trust and Creditworthiness
6. Demonstrate financial responsibility and improve your business’s credit profile, opening up more opportunities in the future.
   
   
7. Transparent Progression
8. With clear guidelines and real-time updates, you always know what’s needed to achieve the next rating tier.

Customer Responsibilities

To maximise the benefits of the Larva Rating Tracker, customers must:

• Pay bills on time to avoid penalties and maintain their rating.
• Submit accurate meter readings at least once a quarter.



Failure to meet these responsibilities can result in penalties, including a downgrade in rating or, in severe cases, contract termination.

Why Choose Jellyfish Energy and the Larva Rating Tracker?

Jellyfish Energy’s Larva Rating Tracker is more than just an energy product; it’s a lifeline for businesses struggling to secure competitive rates due to credit challenges. By providing a fair and transparent pathway to savings, Jellyfish Energy ensures that businesses can focus on growth without being held back by high energy costs.



For new businesses or those with limited trading history, the Larva Rating Tracker offers an unparalleled opportunity to access affordable energy while building trust and financial stability.

Get Started Today

If your business is facing challenges with securing competitive energy rates due to poor credit or limited trading history, the Larva Rating Tracker might be the perfect solution. Contact The Smart Energy Company today to learn more about how we can help your business thrive:

• Phone: 0151 459 3388
• Email: info@smart-energy.uk

Take control of your energy costs and start building your business’s credit profile with Jellyfish Energy’s innovative Larva Rating Tracker.