London Power Quarterly Report: January - June 2020
London Power News
It’s been six months since London Power welcomed its first customers in January 2020. The world has changed a lot since then, but we are proud of all we’ve accomplished so far in our mission to bring a different kind of energy company to London. With the COVID-19 pandemic impacting many Londoners across the city, we decided to scale back on our plans for promoting London Power. Nevertheless, almost 3,000 customers have already switched, and we plan to keep growing to help more Londoners benefit. Fair, affordable and green energy for Londoners - something we could all use in this time of uncertainty.
Highlights
- London Power, the Mayor’s new energy company, launched on 13 January 2020 with 2 tariffs - my london fixed yearly plan and my london top-up plan. Both plans offer 100% renewable electricity and fair prices for the long-term
- In April, we expanded our offer with 3 new tariffs:
- my london carbon-neutral plan lets Londoners go even greener - in addition to 100% renewable electricity, with this plan all gas used by customers is offset, meaning Londoners can warm their homes without warming the planet
- my london fixed 24-month plan lets Londoners lock-in great prices for 2 years, securing long-term low prices
- my london carbon-neutral 24-month plan combines the best of both worlds - carbon-neutral energy with prices locked-in for 2 years
- my london carbon-neutral plan is currently one of the cheapest carbon-neutral tariffs on the market in London
London Power in numbers: January to June 2020
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2920
Homes powered by London Power at the end of June 2020
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£316
Saved on average by customers on our cheapest plan per year*
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708kg
Of CO2 saved per London Power household per year**
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354
Trees worth of CO2 saved per London Power household***
*Compared to the energy price caps. Based on a medium usage dual fuel household, as defined by Ofgem’s Typical Domestic Consumption Values. Average annualised savings for dual fuel customers on supply on my london fixed yearly plan between 13 Jan-30 June 2020
**Compared to the standard UK grid mix. Based on a medium usage dual fuel household, as defined by Ofgem’s Typical Domestic Consumption Values. Average annualised savings for customers on supply between 13 Jan-30 June 2020.
***According to a study by the Forestry Commission on the Kielder Forest, each tree locks up the equivalent of 2kg of CO2 per year
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