Corona Energy
Corona Energy is a UK-licensed non-domestic gas and electricity supplier serving over 20,000 commercial, industrial and public sector customers with approximately 14% of the UK commercial gas market. It is owned by Macquarie Group Ltd and headquartered in Watford.
- Company typePrivate
- Founded1995
- HeadquartersWatford, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Corona Energy does
Corona Energy, operated by Macquarie Corona Energy Holdings Limited, is a UK-licensed non-domestic gas and electricity supplier serving commercial, industrial and public sector customers. Founded in 1995 and headquartered in Watford, the company operates through five licensed retail subsidiaries (Corona Gas Management Limited and Corona Energy Retail 1-4 Limited) covering England, Wales and Scotland, and is regulated by Ofgem. Corona Energy sources both gas and electricity through the trading arm of its parent company, Macquarie Bank Limited, which provides procurement, hedging and capital support. The company reports serving over 20,000 commercial customers and supplying approximately 14% of the UK commercial gas market, positioning it as one of the largest non-domestic suppliers in the country. Its customer base spans small businesses (~10,000 SME accounts and ~13,550 microbusiness accounts), multi-site corporate accounts, public sector organisations including educational institutions, and partner-mediated deals through energy brokers and Third Party Intermediaries (TPIs).
The company's product surface is organized around three core supply propositions — Small Business, Corporate, and Public Sector energy supply — supplemented by a Partners Program for TPIs and brokers. Contracts are offered on both fixed and flexible pricing bases with multi-year terms, and customers can self-serve through the myCorona 24/7 online portal for billing, meter readings, query tracking and consumption history. Additional offerings include Smart Meter Services with half-hourly consumption data access and Automated Meter Reader (AMR) integration, plus a newly launched Energy Transition Services line aimed at supporting customers through decarbonization and regulatory change. The company is pursuing ISO 14001:2015 environmental management accreditation as a procurement credential.
Revenue is generated on a recurring, subscription-like basis through gas and electricity supply contracts priced per customer via fixed or flexible structures; pricing is quote-based and not publicly disclosed. Go-to-market combines dedicated account managers for corporate and public sector customers, an online self-serve microbusiness quoting portal that delivers quotes in approximately two minutes, and a channel program for energy brokers and TPIs operating under the REC TPICoP code. The company employs 325 people in the UK and is owned by Macquarie Group Ltd, a major Australian financial services conglomerate.
Corona Energy firmographics
Firmographics- Name
- Corona Energy
- Legal name
- Macquarie Corona Energy Holdings Limited
- Website
- https://coronaenergy.co.uk
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Corona Energy is a UK-licensed non-domestic gas and electricity supplier serving over 20,000 commercial, industrial and public sector customers with approximately 14% of the UK commercial gas market. It is owned by Macquarie Group Ltd and headquartered in Watford.
- Ownership category
- akta.pro rank
Corona Energy industry classification
Industry- Product category
- Commercial Energy Supply
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
Keywords
Where Corona Energy is headquartered
LocationHeadquarters
- HQ city
- Watford
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Corona Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Commercial Gas Supply: Supply of natural gas to commercial, industrial and public sector customers throughout the United Kingdom. Offers fixed and flexible contract pricing.
- Commercial Electricity Supply: Supply of electricity to commercial, industrial and public sector customers. Contracts include fixed and flexible pricing options.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Fixed Contract - Locked-in pricing for contract duration |
| Subscription | Multi-year contract | Flexible Contract - Variable pricing option |
| Subscription | Annual | Microbusiness Quote - Online quote in 2 minutes |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Corona Energy product offering
Product offeringCore offering
Corona Energy is an independent UK gas and electricity supplier serving commercial, industrial and public sector customers. It offers fixed and flexible multi-year contracts for business energy supply, supported by dedicated account managers, a 24/7 online account management portal (myCorona), and a self-service quote portal for microbusinesses under 100,000 kWh electricity or 293,000 kWh gas.
Product overview
Corona Energy is a UK-based non-domestic energy supplier offering gas and electricity supply services to commercial, industrial, and public sector customers. The company operates as a unified energy supply platform with three core customer-facing products (Small Business, Corporate, and Public Sector energy supply) supplemented by a Partners program for third-party intermediaries. The core offering includes fixed and flexible contract options with dedicated account management and accurate billing. The myCorona online portal serves as the primary digital interface for account management, meter readings, and billing access. Additional services include smart meter solutions and energy transition support. Corona Energy supplies approximately 14% of the UK commercial gas market across over 20,000 customer accounts.
Differentiator
Problem solved
Functional benefit
Brands
- myCorona: Online 24/7 account management service allowing customers to view bills, submit meter readings, track queries, and access consumption and billing history.
Products and services
- Small Business Energy Supply Commercial gas and electricity supply services for UK small and medium-sized businesses (SMEs) using under 100,000 kWh for electricity or under 293,000 kWh for gas, with fixed and flexible contract options. Corona Energy serves approximately 10,000 SME customers through this offering.
- Corporate Energy Supply Commercial gas and electricity supply services for large UK corporate accounts and multi-site portfolios, with 24/7 dedicated corporate team support, fixed or flexible contracts, and bespoke multi-site portfolio management.
- Public Sector Energy Supply Specialised commercial gas and electricity supply services for UK public sector organisations, government entities, and educational institutions, with a dedicated public sector team supporting procurement compliance requirements.
- Partners Program (Third Party Intermediaries) Partnership program for Third Party Intermediaries (TPIs) and energy brokers who act on behalf of end customers, operating under the REC TPICoP code of practice and supporting commissions and qualifying dispute settlement schemes.
- myCorona Online Account Management 24/7 online account management portal for Corona Energy customers, enabling viewing of bills, submission of meter readings, tracking of queries, monitoring of energy usage and billing history, and onboarding progress.
- Smart Meter Services Smart meter installation and data access services for Corona Energy customers, providing automatic meter readings and half-hourly consumption data integration via AMR.
Quantifiable outcome
- 14% of UK commercial gas market share
- +2 more outcomes
Companies that use Corona Energy
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Corona Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Corona Energy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Energy Brokers / Third Party Intermediaries (TPIs)coreChannel partners who act on behalf of customers to procure energy. Corona Energy works with TPIs who have signed up to qualifying dispute settlement schemes in compliance with Ofgem's Microbusiness Strategic Review requirements.
- OfgemcoreUK energy regulator. Corona Energy is regulated by Ofgem and participates in industry code governance including REC and UNC. Subject to Ofgem license conditions and enforcement.
- Energy OmbudsmancoreDispute resolution service for energy complaints. Corona Energy participates in the ADR scheme and refers unresolved customer complaints to the Energy Ombudsman as required by Ofgem license conditions.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Corona Energy competitors and assessment
Company assessmentDirect peers
- TotalEnergies Gas & Power (TotalEnergies): TotalEnergies' UK B2B arm supplies gas and power to commercial and industrial customers across the UK, competing head-to-head with Corona on multi-site and SME contracts.
- SSE Energy Solutions: SSE's business energy division supplies electricity and gas to UK commercial and public sector customers, directly overlapping Corona's corporate and public sector segments.
- EDF Energy (Business Customers): EDF supplies electricity and gas to UK business customers from SMEs to large industrials, with comparable fixed/flexible contract structures and dedicated account management.
- E.ON Next Business: E.ON's UK business arm supplies gas, electricity and energy services to commercial and industrial customers, overlapping Corona across SME, corporate and public sector segments.
- Haven Power: UK B2B electricity and gas supplier targeting industrial and commercial customers via brokers and direct sales, structurally similar in size and go-to-market to Corona.
Emerging players
- Octopus Energy Business: Digital-first challenger supplying gas and electricity to UK SMEs and large businesses with renewable-heavy tariffs, competing with Corona in SME and microbusiness acquisition.
- Pozitive Energy: UK B2B energy supplier focused on SMEs and brokers with a renewable-led proposition and digital quoting — an emerging peer competing in Corona's microbusiness and SME segment.
Broad incumbents
- Centrica Business (British Gas Business) / Centrica Energy: One of the UK's largest energy groups; Centrica Business Solutions and British Gas Business serve commercial and industrial customers with gas, power and energy services, a broad incumbent comparator.
- Shell Energy Business: Shell's UK B2B arm (incorporating Opus Energy and Hudson Energy) supplies gas and electricity to SMEs and large commercial customers, with a scale advantage similar to Corona's market position.
- ScottishPower Business: Part of the Iberdrola group, ScottishPower Business supplies electricity (and via partners gas) to UK commercial customers, particularly active in Scotland where Corona also operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Corona Energy social profiles
Digital presenceCorona Energy compliance and trust
Trust signalCompliance2 records
Corona Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corona Energy leadership team
Management profileNumber of profiles
Profiles3 records
Corona Energy subsidiaries and ownership
Company hierarchySubsidiaries5 records
Corona Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corona Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corona Energy
What does Corona Energy do?
Corona Energy is an independent UK gas and electricity supplier serving commercial, industrial and public sector customers. It offers fixed and flexible multi-year contracts for business energy supply, supported by dedicated account managers, a 24/7 online account management portal (myCorona), and a self-service quote portal for microbusinesses under 100,000 kWh electricity or 293,000 kWh gas.
Is Corona Energy a public or private company?
Corona Energy is a private company. It is classified as corporate owned and is currently operating.
When was Corona Energy founded?
Corona Energy was founded in 1995. It employs 101 to 250 people.
Where is Corona Energy based?
Corona Energy is headquartered in Watford, United Kingdom, in the Europe region.
How does Corona Energy make money?
Two revenue lines are on record. Commercial Gas Supply is the primary driver. The others are commercial Electricity Supply.
Who are Corona Energy's main competitors?
Direct peers on record are TotalEnergies Gas & Power (TotalEnergies), SSE Energy Solutions, EDF Energy (Business Customers), E.ON Next Business and Haven Power. Emerging players are Octopus Energy Business and Pozitive Energy. Broad incumbents are Centrica Business (British Gas Business) / Centrica Energy, Shell Energy Business and ScottishPower Business.
Does Corona Energy have an API?
No public API is recorded for Corona Energy.
What industry is Corona Energy in?
Corona Energy's product category is Commercial Energy Supply. Its primary akta.pro industry code is EUAGADAI, Hybrid PPAs (Renewables + Storage) & Firm Renewable Products. Its NAICS code is 2211 and its SIC code is 4911.