In the Labour Manifesto that was launched on Tuesday 16th May, the party outlined the ambition to ‘Support the creation of publicly owned, locally accountable energy companies and co-operatives to rival existing private energy suppliers’.
This commitment follows the launch of Robin Hood Energy in 2015, a not for profit energy company that was brought to fruition by Nottingham Labour Councillors. The company provides a discounted rate of energy for City residents and provides strong competition to the ‘Big 6’.
1000’s of city residents have benefited from switching to Robin Hood Energy and the company has made positive steps in combatting fuel poverty, something that affects one in ten households across the UK.
The Labour manifesto highlights that energy customers in the UK are overcharged by £2 billion per year, however regionally based, accountable and not for profit energy suppliers such as Robin Hood Energy would ensure that residents are not being unfairly and unnecessarily charged.
Leader of Nottingham City Council, Councillor Jon Collins said ‘Robin Hood Energy is an example of how fuel poverty can be tackled and how setting up not for profit energy companies, at a local level, can give people an alternative to the big 6.
A Labour Government could use this model all over the country and stop people being exploited by huge companies.’
The Conservative manifesto does not support locally owned energy companies that are not for profit, instead they are content with people all over the UK being overcharged by huge multi-national corporations. Labour has shown ambition to drive energy prices down and end fuel poverty for people all over the UK, both locally and nationally.