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Our Power - OFFER CLOSED

This bond offer aims to raise £4.5m for the development of the Our Power social enterprise into a profitable and progressive energy supply company working to make energy fairer and reduce levels of fuel poverty.

Our Power  - What They Do

What they do

Our Power is a new energy supply company set up in 2016 as a social enterprise by progressive Scottish social housing providers to make energy fairer and reduce levels of fuel poverty. Read more

Financial performance

This bond offer aims to raise £4.5m to fund Our Power's working capital to help deliver a profitable business with a £100m turnover by 2021.


First interest payment


January 2019

Forecast return

fixed & payable net annually in arrears

6.5% gross interest per year

SITR eligible

Social performance

Our Power as a social enterprise operating in the power supply market has a number of positive social impacts including tackling fuel poverty, providing employment opportunities and supporting the social housing sector.


  • Key social performance indicator

    82.5

    extra days of heating a home if using an Our Power standard variable tariff compared to Big 6

Governance and people

Who benefits

Our Power - Who Benefits

Our Power have been set up to carry out business for the benefit of the community by reducing fuel poverty, reducing dependence on fossil fuels and shielding people from rising energy prices.


  • Targeting Fuel Poverty

    It is estimated that around 3.5m households in England, Scotland and Wales live in fuel poverty, meaning that people in those households cannot afford to heat their homes at all times that it is needed.

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https://www.ethex.org.uk/savings--investments_16.html

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