Cut price energy available for Tower Hamlets residents through a co-operative

A ground-breaking energy co-operative launches in Tower Hamlets this week - the first of its kind in the country.

Launched by Mayor Lutfur Rahman, Tower Hamlets Energy aims to provide cheap energy to the borough’s residents.

Tower Hamlets Energy is a large scale domestic power purchasing co-operative, which comes at a time when residents are facing huge increases in the cost of living.

Set up for the benefit of the community, residents sign up to express an interest in changing energy suppliers for a cheaper tariff.

Once 5,000 households have signed up to the scheme, the energy co-operative will negotiate to get a cheaper and fairer deal for members this Autumn, just in time for the Winter.

Mayor Lutfur Rahman, who is a great supporter of the co-operative movement, said: "This is a pioneering scheme that will bring huge benefits to Tower Hamlets residents.

"At a time when family budgets are squeezed and many residents are facing financial difficulties, the energy co-operative will be a lifeline to many residents, helping them to save money on their utility bills.

“Paying fuel bills is one of the biggest worries for Tower Hamlets residents, with just under one third expressing concern over how they will meet the rising costs in this year’s annual residents’ survey. Tower Hamlets Energy could not come at a better time." 

Jenny Jones, Leader of the Green Group for the London Assembly, added: “This is the sort of initiative that could make a difference to some of the poorest people in London and could hopefully be rolled out across London and the rest of the country.

“The aim of the co-operative is to galvanize people into action, with the support of Tower Hamlets Council.”

Liberal Democrat Councillor Stephanie Eaton said: “Tower Hamlets Energy is about using numbers to negotiate a better deal for residents.

“This is the kind of initiative where no one can lose, everyone stands to gain.”

Once the co-op is established it will provide additional benefits to members, including free and impartial advice on grants, insulation, fuel debt, and energy efficiency to help residents keep their bills down.

It will also offer access to energy efficiency resources and household renovation schemes.

These plans go hand in hand with the council's Decent Homes programme which will see all of the borough's council homes improved to become more energy efficient and include modern kitchens and bathrooms by 2015.

The scheme is free to join, and residents will only be encouraged to switch suppliers if it offers a cheaper deal.

The easiest and quickest way to express interest in the scheme is by signing up to My.Towerhamlets, the council's online news and consultation tool, and filling out an online form.

Free internet access, and help with using a computer, is available at any of the borough’s Idea Stores, should residents require access to a computer.

Alternatively, residents can request a paper application form by calling 0800 5088364, on weekdays between 9am and 5pm. Paper forms will also be available at Ideas Stores and at Tower Hamlets Homes offices.

To sign up now, visit https://my.towerhamlets.gov.uk/

More information is available at www.towerhamlets.gov.uk/energy 

 

June 8, 2012

.