Return to all articles

Co-operative Energy says the only answer to criticisms of profiteering is to be owned by your customers, like The Co-op!

Posted on 14 October 2011

Ofgem’s analysis of the profit margins earned by the major suppliers will do nothing to recover consumer trust and confidence. The only way to do that is to give customers complete transparency of how money is made in energy supply, and to share profits with customers. The big suppliers can’t or won’t do this. They’re owned by multinationals keen to make as much money as possible from the business. That’s why Co-operative Energy decided to enter this market: We are owned by our customers and we answer to them, not to outside investors. When profits are made in volatile markets, it’s our customers who benefit through a higher share of profits.”

Latest News/Related Articles

Make it a December to remember

11 December 2017

It’s easy to get wrapped up in the festive season, but let’s not forget Christmas can also be a great time to give back and make those great changes in time for the New Year.

Read More

Fundraising round-up

11 December 2017

We have achieved a lot this year at Co-op Energy. Now, as we come to the new year, we reflect on some of the ways we’ve given back.

Read More

I’m dreaming of a Green Christmas

11 December 2017

Christmas can be an expensive time of year, following our simple money saving tips can make all the difference!

Read More