Spark Energy announces largest deal yet
Press Release: May 2008

Spark Energy has been appointed by asset management company, Touchstone to supply gas and electricity to its large-scale residential property portfolio in a deal worth £7.2m. 

Touchstone is part of the Paladin Group, which includes Castle Estate Residential Lettings and operates residential and commercial property services for 12,000 properties on behalf of institutional landlords and commercial property owners across the UK. 

The UK’s newest energy company, Spark Energy provides gas and electricity to the residential lettings market and after securing one of its largest deals yet with Touchstone, will now be in a position to provide energy to 60,000 properties managed by over 300 letting agents. 

Spark relieves the administrative burden of tenant utilities for letting agents, allowing them to concentrate on running their business and maintain high levels of customer service. 

Commenting on the partnership, Jon Clark, Operations Director at Touchstone says: “We were attracted to Spark’s innovative and forward thinking approach to supplying energy and it seemed like the best fit solution for our clients and business needs.” 

Spark Energy CEO, PJ Darling says: “We are naturally delighted to be working with Touchstone and for Spark to be associated with one of the key players in the property management industry.  “This is one of our most significant business wins and represents another milestone in the growth of the company.”  

Spark Energy identified a gap in the UK energy market ignored by the “big six” energy suppliers and will continue to grow by forging further deals with high profile letting agents.