Social enterprise People’s Energy today launches a venture with East Lothian Council to offer affordable and sustainable electricity with the aim of eradicating fuel poverty.
East Lothian Energy offers a variable and fixed tariff that is discounted from regular People’s Energy tariffs, exclusively to East Lothian residents. It says it offers potential savings of up to £200 a year compared with the current Ofgem energy price cap.
Customers will also benefit from People’s Energy membership which includes a pledge to pay back 75% of profits to all domestic customers through an annual rebate.
People’s Energy, based in Dalkeith, Midlothian, is the UK’s only community interest company energy supplier. All of its electricity comes from renewable sources.
David Pike, CEO and co-founder of People’s Energy, said: “Within East Lothian, it is estimated that 22% of households are living in fuel poverty, equating to 13,500 homes. With this new affordable tariff for East Lothian residents, we have the potential to reduce the fuel poverty gap in the area quite considerably.”
Pike founded People’s Energy with his wife Karin Sode in 2017 after they became frustrated with the lack of transparent and trusted energy suppliers. It now supplies more than 350,000 meterpoints.
He added: “People’s Energy is a social enterprise that puts people and the planet before profits. We’re delighted to have the opportunity to partner with East Lothian Council to help make a positive change in the same area where People’s Energy first started three years ago.
“This collaboration with East Lothian Council is one of many steps we are taking to help eradicate fuel poverty and we would welcome other local authorities looking to do the same to get in touch.”
Councillor Norman Hampshire, East Lothian Council environment spokesman, said: “We believe this is quite a unique initiative. East Lothian Energy gives county residents the exclusive opportunity to purchase affordable, sustainable and fair energy. We hope this will be attractive to householders across a mix of tenures – including tenants and homeowners.”