London Power, the energy supplier launched by London Mayor Sadiq Khan earlier this year, has convinced almost 3,000 Londoners to switch to its service in its first six months of operating. The energy supplier, which is run under a joint partnership between Octopus Energy and City Hall, was launched to provide Londoners with green electricity at a “fair price”. London has one of the lowest rates of supplier switching and large numbers of households on prepayment meters, a situation which leaves more than one in ten Londoners living in fuel poverty. Newham has the highest level of fuel poverty in England and six other London boroughs (Brent, Waltham Forest, Haringey, Redbridge, Ealing and Harrow) are in the worst 10 per cent. London Power aims to help those households by offering residents the cheapest fixed and pre-payment tariffs on the market. Profits are to be invested in community projects to tackle energy poverty.
iNews 30th July 2020 read more »