Racepoint Global in the UK has begun working with Redbricks, a household bills management service set up to provide a more efficient service to students.

The company uses highly sophisticated algorithms to predict energy usage for the year, taking into account variables, such as: past customer annual usage, gender, age and course studied. This enables students to be charged a fixed monthly average fee, resulting in no surcharges during high energy usage months, such as winter or at the end of their tenancy. Redbrick can combine and equally split all gas, electricity, water, internet and TV license costs between each individual living in a given household. The company was founded in 2015 by a previous student of Leeds University.
 
Racepoint Global has been tasked with creating awareness around the new company within student media and property trade publications.