Social landlords to launch energy company

A new independent energy supply company, the first in the UK operating on a non-profit distributing basis, plans to be selling heat and power to tenants in 200,000 homes across Scotland by 2020.   The company has been founded by 35 member organisations including some of Scotland’s largest housing associations, and local authorities.

The company is backed by £2.5 million from the Scottish Government and another £1 million from Social Investment Scotland, both in the form of repayable loans.   It will enter the market at the end of 2015 as an OFGEM licensed supplier of gas and electricity to provide lower cost energy to the tenants and communities of its member organisations.   It expects to save its members up to ten per cent on their household utility bills compared to standard commercial tariffs.

My lpm login

Registered Name: Life Property Management Ltd. Registered in Scotland SC253869. VAT Reg No 827 5010 46. Property Factor Reg No PF000203. Registered Office: 11 Somerset Place, Glasgow G3 7JT. Life Property Management Ltd is an appointed representative of Arthur J. Gallagher Insurance Brokers Limited which is authorised and regulated by the Financial Conduct Authority.  Registered Office: Spectrum Building, 7th Floor, 55 Blysthwood Street, Glasgow, G2 7AT.  Registered in Scotland.  Company Number SC108909.

 

Deacon is a trading name of Arthur J. Gallagher Insurance Brokers Limited which is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building 7th Floor, 55 Blysthwood Street, Glasgow, G2 7AT.Registered in Scotland. Company Number: SC108909.