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Housing associations to launch power company

This news post is over 9 years old

Social landlords create company to sell energy to tenants

An energy company is to be created by Scottish housing associations to sell power and heat back to tenants at cost effective rates.

The unprecedented move by the consortium of eight social landlords is in the final stages of gaining a licence from the regulator Ofgem and hopes to launch next year.

Called Our Power, the group represents 150,000 homes across Scotland and aims to buy energy wholesale saving tenants up to £100 a year on their usual bill for gas and electricity.

I believe we have got good mitigation in place and we have done our homework on this - Dawn Muspratt

Dawn Muspratt, project lead for Our Power, said: “We would buy on the wholesale market in the first instance, but we would also want to build up a renewable energy base so we could generate energy of our own.

“Long term we would want to be investing in solar, hydro and wind at scale. The ambition over time is to generate 100% of the energy we sell.”

Members of the stand-alone company won’t be required to provide finance but will look for investment from external investors.

It eventually plans to generate and sell power from renewable sources.

Nicholas Doyle, director of energy consultancy Adecoe, said: “Buying and selling energy is difficult to manage and get right. It’s something the social sector should be exploring - but they need to go in with their eyes open to the risk.’

Muspratt added: “I believe we have got good mitigation in place and we have done our homework on this.”

David Stewart, policy manager at the Scottish Association of Housing Associations, said: “The SFHA fully supports the Our Power project.

“With growing levels of fuel poverty, there could not be a better time for housing associations and co-operatives to develop their own energy supply company.

"We believe that Our Power can fulfil its key objectives of providing lower energy tariffs and better service to the associations’ tenants.

“There is also a real opportunity for Our Power to work to develop renewable energy using the financial and project management skills of its members to generate income and reduce carbon emissions.”

Our Power coalition
Berwickshire Housing Association
Castle Rock Edinvar Housing Association
Clyde Valley Housing Association
Grampian Housing Association
Kingdom Housing Association
Trust Housing Association
West Highland Housing Association
West of Scotland Housing Association


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john mcewan
about 9 years ago
Canpeople not in a housing association join the scheme
0 0
about 9 years ago
Hello, I found out about this on the news and wondered if there are perhaps people who are able to volunteer to be selected for trials. I am a council tenant living in South Lanarkshire or if there is a way to get involved to promote or even if you have any more information for example after trials or long term future plans?Kind re
0 0
Phil Boyle
about 9 years ago
Is there any plan to role this service out in Bellshill for non council houses?
0 0
about 9 years ago
I like this idea and I would like to join.
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