The UK’s first community energy supplier in over 60 years, a partnership between Cheshire East Council and Ovo Energy, opens for business today.
The initiative has been facilitated by Ovo Communities which aims to help local organisations “cut out the middle man” and become an energy company themselves, overseeing everything from supply and generation, to smart technology and energy efficiency.
The new operation, named Fairerpower, is expected to save local residents up to £250 per year on their energy bills. Chancellor George Osborne, who is also the MP for Tatton, Cheshire, commented: “More choice for local people means competitive prices. I would strongly encourage my constituents to see how much they can save by switching their energy supplier.”
Craig Morley, managing director of Ovo Communities, added: “Our partnership with Cheshire East Council will help ensure local people get access to more choices and better value energy from a brand they know and trust.
The Cheshire initiative is the first local partnership to go live, with Peterborough Energy and Southend-on-Sea council preparing to launch soon.