A couple fed up with the performance of energy suppliers are launching a crowdfunding campaign to start their own company. David Pike and Karin Sode said Our Energy will be “completely transparent”, with customer representation on its board, and will give 75pc of profits back to customers. They believe the current “Big Six” energy firms treat customers with “contempt” and hope to raise £450,000 to make the electricity and gas company operational this year. More than £18,000 was raised in an initial fundraising drive and the latest campaign has the backing of business people including the former chairman of Gleneagles Hotel, Peter Lederer. The couple, from Gullane, East Lothian, said Our Energy would share salaries, decisions, accounts and prices with customers. Shares in the company will be owned by people who invest in the crowdfunder. Mr Pike previously worked with EDF and Scottish Power and said the big energy companies “won’t change their tactics anytime soon”. “Like most UK energy consumers, Karin and I have had bad experiences when dealing with the big energy firms,” he said.
Telegraph 16th Jan 2017 read more »
Scotsman 16th Jan 2017 read more »
Herald 16th Jan 2017 read more »
The ranks of the 40-plus energy companies jostling for householders’ business will swell on Monday with the launch of a new supplier that delivers electricity from windfarms. Fischer Energy hopes to sign up 40,000 customers in the first year to its single variable tariff, with renewable power bought from Denmark’s Dong Energy. The new entrant arrives less than two months after the collapse of another small supplier, GB Energy UK. Experts have raised concerns that the retail energy market is approaching saturation point and question the wisdom of consumers signing up for a variable tariff at a time of rising wholesale price s. The company, which has around 25 employees, is also going up against some long-standing green energy suppliers such as Good Energy and Ecotricity with its pledge to supply 100% renewable electricity. “Green energy is the only way forward. Burning carbon fuels is not the solution,” Bastian said.
Guardian 15th Jan 2017 read more »