Local Energy

A council-owned energy company may be scrapped with a loss of £1 million before it begins operating after concerns were raised about the current leadership. Last year Portsmouth City Council approved the establishment of Victoty Energy with a view to the company generating two million a year for the council. Questions have been asked about the number of new customers the business plan says need to be acquired each year to break even.

Utility Week 13th July 2018 read more »