Proposal for a fully licensed Mayoral Energy Supply Company

Meeting: 
MQT on 2016-02-22
Session date: 
February 22, 2016
Reference: 
2016/0595
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor
Category: 

Question

Bristol and Nottingham City Councils and most recently Manchester have decided to set themselves up as fully licensed electricity supply companies.  Will you consider these, alongside my proposal to go beyond the Mayor's 'Licence Lite' and instead look at establishing a fully licensed not-for-profit energy supply business? This would allow the Mayor of London to offer Londoners and businesses fair and affordable energy and an alternative to the mainstream energy suppliers. And by re-investing income generated from the sales of energy it could provide a better resourced delivery vehicle for the Mayor's Energy & Climate programmes.

Answer

Answer for Proposal for a fully licensed Mayoral Energy Supply Company

Answer for Proposal for a fully licensed Mayoral Energy Supply Company

Answered By: 
The Mayor

Electricity supply is a high volume, high risk business, operating in a volatile market with high set up and operating costs and the GLA would be in direct competition with suppliers in the market with vastly greater dedicated resource and expertise. I do not see it as necessary, or in the interests of Londoners, for the GLA to risk its resources in this way. My Licence Lite project, which offers local generators better market prices for their electricity, is nearing completion and can support my energy programmes more effectively and at a fraction of the risk and cost.