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Hub AI
Co-op Energy AI simulator
(@Co-op Energy_simulator)
Hub AI
Co-op Energy AI simulator
(@Co-op Energy_simulator)
Co-op Energy
Co-op Energy is a membership-owned British energy supply company based in Warwick that began trading in 2010. It sells renewable electricity (some from community-owned sources) and gas to its ethically concerned member owner/customers and is an established large operator, an alternative to the Big Six energy suppliers. Constituting half or more of the Your Co-op Utilities division of its parent society Midcounties Co-operative, Co-op Energy is the only co-operative supplier in the British market, meaning supplied customers can voluntarily acquire an ownership share and thereby receive rights to influence the governance of the business, stand for election and have a say in formulating the products it offers.
In years where the Co-op Energy business and/or the wider businesses of the society generate a free cash flow sufficient to declare profit, the co-owners also have the right to a fair division of dividends and/or interest on their trade with the business, payable annually.
Since August 2019, energy supply, billing and customer service of Co-op Energy have been operated by Octopus Energy.
Co-op Energy launched in 2010 as an alternative to the Big Six energy suppliers. The company has three sites: one office in Warwick and two in Walsall.
In 2012, Co-op Energy was awarded the Which? Positive Change Award, which recognises a company that has made significant changes to give its customers a better deal.
In 2014, User Chooser was launched by Co-op Energy to allow customers to choose where their electricity is sourced from. This service won the EU Sustainable Energy Europe Award in 2015.
A problematic upgrade to its online customer service and billing system in 2015 resulted in numerous problems and a large backlog in dealing with issues. By the end of 2015 it was the most complained about utility company, measured in complaints per thousand customers. By the end of 2016 these issues had been resolved and the company was paying out £1.8 million in compensation to customers.
In 2020, Co-operative Energy Limited came under scrutiny by industry regulator Ofgem after it failed to make payments under the Renewables Obligation scheme. The investigation was closed after Ofgem was given assurances that the late payment deadline would be met.
Co-op Energy
Co-op Energy is a membership-owned British energy supply company based in Warwick that began trading in 2010. It sells renewable electricity (some from community-owned sources) and gas to its ethically concerned member owner/customers and is an established large operator, an alternative to the Big Six energy suppliers. Constituting half or more of the Your Co-op Utilities division of its parent society Midcounties Co-operative, Co-op Energy is the only co-operative supplier in the British market, meaning supplied customers can voluntarily acquire an ownership share and thereby receive rights to influence the governance of the business, stand for election and have a say in formulating the products it offers.
In years where the Co-op Energy business and/or the wider businesses of the society generate a free cash flow sufficient to declare profit, the co-owners also have the right to a fair division of dividends and/or interest on their trade with the business, payable annually.
Since August 2019, energy supply, billing and customer service of Co-op Energy have been operated by Octopus Energy.
Co-op Energy launched in 2010 as an alternative to the Big Six energy suppliers. The company has three sites: one office in Warwick and two in Walsall.
In 2012, Co-op Energy was awarded the Which? Positive Change Award, which recognises a company that has made significant changes to give its customers a better deal.
In 2014, User Chooser was launched by Co-op Energy to allow customers to choose where their electricity is sourced from. This service won the EU Sustainable Energy Europe Award in 2015.
A problematic upgrade to its online customer service and billing system in 2015 resulted in numerous problems and a large backlog in dealing with issues. By the end of 2015 it was the most complained about utility company, measured in complaints per thousand customers. By the end of 2016 these issues had been resolved and the company was paying out £1.8 million in compensation to customers.
In 2020, Co-operative Energy Limited came under scrutiny by industry regulator Ofgem after it failed to make payments under the Renewables Obligation scheme. The investigation was closed after Ofgem was given assurances that the late payment deadline would be met.