Tower Hamlets Council launches energy co-op to provide cheap gas and electricity to East Enders

A ground-breaking energy co-operative launched in Tower Hamlets this week aims to provide cheap energy to East Enders.

Tower Hamlets Energy is a large scale domestic power purchasing co-operative and is the first of its kind in the country, Tower Hamlets Council says.

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.

Tower Hamlets Mayor Lutfur Rahman said: “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.

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“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.

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

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.

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

People can 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.

Or residents can request a paper application form by calling 0800 5088364, on weekdays from 9am-5pm or pick one up from Ideas Stores and at Tower Hamlets Homes offices.

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