British Gas has debuted a new ‘Green Future’ tariff which it claims offers consumers “one of the greenest tariffs in the market” at a competitive cost. The tariff, launched on Friday, offers customers 100 per cent renewable electricity and 10 per cent green gas, with the carbon emissions that result from the remaining gas use offset through a partnership with ClimateCare. As such the tariff will support the growth of up to 10 trees per household every year, British Gas said.
Business Green 27th Jan 2020 read more »
Energy start-up Bulb has big plans, but its business strategy may be ‘unsustainable’. For Bulb, the self-styled east London energy start-up, the aim was to “disrupt” the UK’s stale gas and electricity market. What is has so far found, however, is that like most technology start-ups, aggressively stealing market share whilst haemorrhaging money only works if you have very deep pockets. Just three years ago, the company had 30,000 customers, and lost £1.9m. By the end of the financial year that ended in 2018, it had increased that to 220,000 accounts, and racked up losses of £28m. For its most recent financial year, the company acquired a further 580,000 customers, and again plunged to losses of £129m.
Telegraph 27th Jan 2020 read more »