The Scottish Government will learn from the failure of Our Power as it continues to develop plans for a publicly-owned energy company, cabinet secretary Aileen Campbell has said. Our Power, the Edinburgh-based energy supplier, announced last week that it had ceased trading, having been set up four years ago. The not-for-profit company had been given loans totalling £9.5 million by the Scottish Government in a move to try and address fuel poverty. At the Scottish Parliament on Tuesday, Liberal Democrat MSP Alex Cole-Hamilton asked whether the Scottish Government could learn lessons from the volatility seen in the market following the collapse of 11 small energy firms over the last year. Communities and Local Government Secretary Ms Campbell said: “We’ll give that commitment to take any learning that we can from the experience that we’ve gone through with Our Power. “Of course, we continue to develop proposals that will deliver the ambition of a public energy company and we’re on track to deliver that ambition by the end of this Parliament.
Northern Echo 29th Jan 2019 read more »