Company type | Private subsidiary company of an Industrial and Provident Society |
---|---|
Industry | Public utility |
Founded | 2010 |
Products | Gas and electricity supply |
Parent | The Midcounties Co-operative |
Website | 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,[1] 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.