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Our Power - OFFER CLOSED

Governance and people

Our Power Community Benefit Society Limited (Our Power) is a Community Benefit Society registered with the Financial Conduct Authority under the Co-operatives and Communities Benefit Society Act 2014 with number 7058 and whose registered office is at 4 Hay Avenue, Edinburgh, EH16 4AQ.

Governance

Our Power Energy Supply Ltd is a new energy supply company licensed by Ofgem under The Electricity Act 1989 and The Gas Act 1986 and is a wholly owned subsidiary. It was launched in 2016 by a number of progressive Scottish social housing providers to make energy fairer and reduce levels of fuel poverty.

Target amount to be raised through the Bond Offer

This bond offer is looking to raise £4,500,000

Total number of bonds in issue

This offer is issuing 4,500,000 bonds with a nominal value of £1. The minimum investment per applicant is £500.

Date of the AGM

20th June 2018

People

Our Power leadership team

Directors' remuneration

Our Power have 3 directors on the Community Benefit Society and 2 on Energy supply who receive £5,000 per annum and the Chair works 2-3 days per week for £20,000 per annum. All other directors are volunteers with the exception of the CEO.

Directors' holdings

Not applicable. 

Diversity

The Community Benefit Society has 10 Directors with 3 women and Energy supply has 8 Directors with 2 women.

Employee satisfaction

Our Power have recently sent out an employee engagement survey but it is not yet closed. Our Power's employee engagement and communication strategy is currently being developed

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