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Our Power - OFFER CLOSED

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.

Beneficiaries

Customers

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. 

Government interventions to tackle fuel poverty have focussed on reducing use through improving energy efficiency in homes and providing energy advice services. Our Power adds value to that strategy by addressing the price of energy for low income households. It does not discriminate between customers based on their payment method and each tariff developed will be the same cost for both prepayment and credit customers within the regulatory framework.

Our Power’s aim is to avoid having a more expensive standard variable tariff, but instead to have all customers on its fairer tariff, thus not discriminating against long-term customers who are loyal and do not switch to an alternative tariff.

Our Power is unique in that, at market entry, it offered a prepayment tariff, whereas within the sector this is not a requirement of an energy supply company until it reaches 50,000 meter points.

Housing association partners

The performance of existing energy suppliers creates inefficiency for the social housing sector. Our Power’s business model improves members’ business efficiency through improved and integrated working practices and collaboration. Through working with Our Power, members are provided with an efficient void utility service which aims to optimise the letting times of void properties, thus maximising rental income.

Local communities

Our Power’s operating base is in the community of Craigmiller in Edinburgh. This is a regeneration area with some of the highest levels of unemployment and poverty in the City. As the business scales and grows it will deliver its customer-facing operations from hubs based in their members’ communities, where jobs can make a real difference.

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