Together Energy has acquired Bristol Energy’s customer book, systems and brand for £14 million. The Bristol City Council-owned energy supplier has been struggling for a while, leading the council to announce that it was up for sale in June. Now Together – a small renewable energy supplier based in Scotland – will take on the company’s 155,000 residential customers. As part of the sale, the company has secured the jobs of its 110 staff, who will now TUPE (following Transfer of Undertakings (Protection of Employment) Regulation) into Together and continue to work from Bristol. Paul Richards, CEO of Together Energy said there were “great synergies” between the two companies making the acquisition a “natural fit” as it looks to grow. Together Energy has recently signed a new trading agreement with renewable energy major Orsted, with the partnership helping the acquisition to fall into place in time, as well as providing customers with confidence that they are receiving the greenest energy, according to the company.
Current 9th Sept 2020 read more »