Collective Energy Scheme

Have just had a council sponsored paper, regarding this.
Residents combine their purchasing power and bulk-buy energy as a group.

Has anyone done this?

Re: Collective Energy Scheme

We also have one of those papers from the council, and am also wondering if it would work...but we don't have dual supply (no gas) and the leaflet doesn't mention that. So maybe not an option for us

Re: Collective Energy Scheme

In 1997 I worked with a marketing company here in Canada on promoting and developing the corporate identity for a municipal energy-trading (power buying) scheme. When we launched an invitation to join ENERconnect, 230 municipalities signed up, in agreement with the goal of purchasing bulk electricity and passing on savings to residents.

ENERconnect officials announced to the media that "the plan to aggregate muni loads and procure competitively priced power should save participants well over $100-million annually in their wholesale power costs."

They realized, however, that energy trading was best handled by an establisher marketer and turned to Enron within the first year. I can no longer find current references to ENERconnect and don't know if it became a success. Just based on this, I would hesitate to sign up with any new initiative. If it does work and shows a good track record and actual savings then maybe you could join further down the road.

Re: Collective Energy Scheme

Thats good to know Annie.

We had free solar panels fitted 18months ago, so are getting savings on our electric.

Re: Collective Energy Scheme

That's a great plan. We're starting to see it catching on here too.