The UK’s first council-run energy company will be set up next year by Nottingham City Council.
According to media reports, Nottingham City Council said it will set up the £1m project to do battle with the big six energy firms. It will run it on a non-profit making basis.
More than 177,000 households across Nottingham could soon benefit from cheaper energy bills – saving up to £120 a year, it is claimed – when the new firm is set up by Nottingham City Council.
The current plan is to launch the scheme next year – with a high-street shop, call centre and other staff leading to the project becoming a potential “million pounds plus” scheme.