The Manchester People’s Plan is a good idea, and even the exercise of completing the campaign’s brief questionnaire shows where it could lead. Do you focus investment on city transport grids or intercity ones? Do you want to spread new housing developments or put them in the town centres? Do you want a big local energy provider, or several small ones?
Guardian17th Oct 2016 read more »
An independent Scottish energy provider is being launched in Edinburgh today to exploit widespread lack of consumer trust in the UK’s ‘Big Six’ retail gas and electricity companies. Named Our Energy to emphasise the shift of market power from energy provider to consumer, it will be the first UK energy company to put profits and ownership into the hands of the customer. It will offer two tariffs – Green and Lean. Green will enable customers to choose exclusively from renewable energy providers while Lean will allow them to choose the cheapest rate available. The new UK energy firm will give a share of the profits, free shares and a say in the future of the business to its customers. Our Energy aims to raise £10,000 to cover initial costs of market entry, which includes obtaining a licence from OFGEM. It aims to be operational next year and to distribute profits to customers every year thereafter.
Scottish Energy News 18th Oct 2016 read more »
A “RADICAL” new energy firm aiming to challenge the “big six” will give 75 per cent of its profits back to customers, it is claimed. Headed by former executives from Gleneagles Hotel and Clydesdale Bank, as well as consultants who worked with EDF and Scottish Power, Our Energy aims to “put profits and ownership into the hands of the customer”. Peter Lederer, chair of Our Energy and ex-chair of Gleneagles, said: “It’s time to build an organisation that gives consumers control and the majority of profits. UK consumers have been at the mercy of the Big Six for too long.” A total of 95 per cent of UK households get their power from the same six companies – British Gas, Npower, SSE, Scottish Power, E.On and EDF. Our Energy, which is still in its formative stages, will allow a maximum of 30,000 people onto its books in its first year, giving them an ownership share within three years. Customers will be given a vote to determine the direction of the company, as well as shares which they can keep as long as they remain a customer, but cannot sell on.
National 18th Oct 2016 read more »
Herald 18th Oct 2016 read more »