Bristol Energy, owned by Bristol City Council which has invested £15.3m in the business, offers gas and electricity for domestic and business customers across Bristol, the South West and nationwide:
- offering fair and transparent tariffs
- reinvesting in local communities
- supporting and investing in local renewables
Its profits will go straight back into Bristol, helping local communities, but its primary aim is to help people out of fuel poverty, donate to charity, and use renewables.
A May BBC report said that the firm’s ‘customer take-up’ was lower than expected but after revising its original business plan it is now said to be hitting those targets. Bristol Energy’s managing director Peter Haigh said that more than 80,000 customers have now signed up and the firm aims to return a profit by 2021 after revising its original 2019 target date.
The Bristol Energy Hub is the firm’s customer service point and events space, located on Bristol’s Harbourside.
The team there will help with:
- paying bills
- understanding bills
- switching energy supplier
- providing energy efficiency advice for home or business and
- giving information about Bristol Energy’s mission to be a force for social good.
Read more here: http://hub.communityenergyengland.org/projects/
Bristol 24/7 produces a free monthly print magazine. An article on its website brings news of Bristol Energy Cooperative (BEC), now said to be the UK’s largest community energy company, having raised £9 million since November 2016
- Its first community share offer in 2012 was for the installation of solar PV panels on community buildings. £127,000 was raised from 160 investor-members and 63KW solar energy was installed at Hamilton Housein Stokes Croft, Knowle West Media Centre, and Easton Community Centre.
- A second share offer for solar PV raised £120,000 for further installations at the Bristol Folk House, South Bristol Sports Centre, and Empire Fighting Chance.
- The third in 2015-16, which raised over £10 million, enabled the co-operative to work with 11 community buildings and 2 community solar farms.
Projects under development include a 4.6 MWp operational ground array at Puriton near Hinkley Point, Somerset, c.20 roof-top arrays on community buildings across Bristol and a 4.2 MWp site at Lawrence Weston (near Avonmouth). Read more about its ‘community partners’ here: http://www.bristolenergy.coop/community-partners.html.
The co-operative’s latest bond offer closed on 3st1 August 2017 raising over £700,000. Projects funded by this include the purchase of a 100kW Tesla battery from Elon Musk’s ‘gigafactory’ in Nevada. Designed for efficiency and long-life, it will provide 100kW peak capacity with 170kWh energy storage. It will be used on a new HAB (sustainable housing) site in Winchester, managed by the co-operative’s partner, Bristol-based start-up CEPRO (Clean Energy Prospector).
Investor members were paid the target interest rate on their investment for the four years that schemes have been operating. Surplus profits from the schemes are paid into a community fund which has helped to fund free advice sessions on energy deals, bill management and maximising energy savings.
Read on here: http://www.bristolenergy.coop/about-us.html