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Co-op Energy acquires Flow

Posted on 2 May 2018

On Tuesday 1st May, Co-op Energy completed its acquisition of Flow Energy after shareholders voted in favour of the conditional sale.

 

Flow Energy, which has around 130,000 customers, will continue to be operated as a separate brand, under its own licence and with its own tariffs, as part of Co-op Energy.

 

Co-op Energy is the UK’s largest member-owned energy supplier and is part of The Midcounties Co-operative, Britain’s largest independent co-operative.

 

David Bird, chief executive of Co-op Energy, said: “We are pleased shareholders voted in favour of our proposed acquisition and welcome Flow Energy customers and colleagues into The Midcounties Co-operative family.

 

“This gives us the opportunity to further grow the co-operative movement within energy, and continue to strengthen our support for renewable, community-owned energy production in the UK.

 

“We can reassure customers that they will see no difference in the energy they receive and we will maintain the price of fixed term contracts for the period of the contract.   Colleagues serving Flow Energy customers will not see any change to their current roles or contracts of employment.

 

“We will share more of our plans to extend our co-operative values to a larger audience in due course.”

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