The challenge
- EDF Energy is one of the UKs leading
utility brands with over 5 million customers and 11,000 employees
- As with most UK utilities, the constituent brands
which came together to form EDF Energy all shared an interest in
customer retention and had all tried various strategies to address this
issue
- Our role was to harness this experience and
assess whether EDF should introduce a loyalty scheme, and if so, to
consider options and recommend a preferred strategy
The task
- Assess the impact of churn across each EDF brand
- Review the effectiveness of past and present
loyalty initiatives
- Set realistic loyalty objectives
- Identify a short-list of potential options
- Conduct a cost benefit analysis of the potential
options
- Recommend a preferred strategy
- Support EDF during negotiations with a chosen
supplier
The result
- Following our recommendation to join Nectar, EDF
were successful in securing an exclusive agreement to join the
programme, despite interest from a number of larger utilities