Mayor of London Sadiq Khan has launched a new green energy company which claims it could save people living in the capital up to £300 on their bills while helping the environment and local communities. London Power, which has partnered with Octopus Energy, aims to offer fairer prices to all Londoners, while its green element sees electricity generated from 100% renewable sources. Any profit that City Hall makes will be reinvested into community projects helping Londoners living in fuel poverty and will also go towards tackling climate change. London Power offers a 12-month fixed tariff – My London fixed yearly plan – which it claims will be within the cheapest 10% of similar tariffs available on the market. It estimates customers switching to it could save up to £300 a year on bills.
Your Money 15th Jan 2020 read more »