Licence Lite (1)

Meeting: 
MQT on 2015-11-18
Session date: 
November 18, 2015
Reference: 
2015/3891
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Earlier this year Nottingham City Council launched a fully licensed electricity supply company, Robin Hood Energy, the UK's first local authority owned, not for profit, energy supply company, which can supply energy to the city's homes and businesses. When will your Licence Lite initiative be able to provide a similar service for Londoners?

Answer

Answer for Licence Lite (1)

Answer for Licence Lite (1)

Answered By: 
The Mayor

Nottingham City Council's initiative is to supply homes as well as businesses, acting as a fully licensed electricity supplier. My Licence Lite initiative is different. Using for the first time a new regulatory framework and business model, Licence Lite will open up the market to generators of low and zero carbon electricity through a junior electricity supply Licence. It will not involve supplying homes, nor being in direct competition with mainstream electricity suppliers. Londoners will benefit through the enhanced growth of locally produced low and zero carbon heat. The objective is to begin supply operations early next year.