News / bristol energy
Bristol Energy plans switched on
A pioneering plan to establish a municipal energy company has been given the go-ahead by Bristol City Council.
Bristol Energy’s brief is to provide competitive, fair and simple energy tariffs. Any profits will be reinvested back into local communities.
At the cabinet meeting on Tuesday night, mayor George Ferguson said the company will focus on “locally sourced, low carbon energy and the mission is to provide a environmentally conscious energy supply”.
is needed now More than ever
Mark Bradshaw, assistant mayor for places, said the company would help “end inequality where people cannot afford to heat their homes and it is firm way of tackling fuel poverty.”
The company will also develop district heating networks – a system of underground pipes that supply cheaper, lower carbon heat to businesses and public sector organisations.
The European Investment Bank is funding the company, which is based on European models from Germany and Scandinavia where a number of successful municipal energy companies operate.
Now it has been approved the company will enter a detailed set-up phase before looking to launch this summer during Bristol’s European Green Capital year.
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