The community energy company Mongoose has announced it will launch an energy supply business, opening to customers before the end of the year.
The launch will see Mongoose become the UK’s first supply company that is majority owned by community energy groups.
Mongoose’s supply business will be run in partnership with community energy groups across the country. These locally run community benefit companies return their profits back into their communities and keep the environmental, social and financial benefits of renewable electricity where they belong.
‘This is a first for a UK energy company and, with the majority of our profits going back into the community groups, I believe this has the potential to transform the nature of energy ownership in the UK.’
CEO of Mongoose
The new supply business will source its electricity from renewable sources and will have a competitively priced range of tariffs for its customers.
Mongoose’s generation business helps community groups establish, fund, launch and effectively manage renewable energy projects.
Its team has an unrivalled level of experience in developing community energy generation projects that run profitably amidst the increasingly challenging legislative framework.
Launched in April 2015, the company currently has 34MW of capacity under management services, forecast to generate 33,946MWh of energy annually – enough to power c.11,000 homes. It has a further 30MW of capacity in the pipeline, forecast to generate 30,334MWh annually – enough to power c.10,000 homes.
‘The rise of community energy means that energy generation can be used to bring about positive social change and Mongoose groups are all signed up to this philosophy. We see this as the future for the UK, with profits being retained within the community to re-invest in socially and environmentally beneficial projects that meet community needs.’
Chair of Bath and West Community Energy
A key objective for Mongoose is also to bring more well funded and successfully run community energy projects into existence. It is actively working with new community energy groups.
Mongoose Energy Supply will announce its launch tariffs during Q3 2016.
Click here to find out more about Mongoose and its community energy projects.
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