Connect with us

Hi, what are you looking for?


Businesses could be charged millions for unused energy during lockdown

Death of the office

Hundreds of businesses, tied into draconian usage agreements with their energy supplier, may be forced to pay millions of pounds for electricity they have not used since March and into this second lockdown, Co-op CEO Steve Murrells has today warned.

Data from Co-op Power reveals that since government restrictions came into place this Spring, its members could have paid more than £1 million combined for unused energy at closed sites, based on contractual agreements with some previous suppliers. Through Co-op Power’s disruptive ‘No Take No Pay’ policy, its members have been able to avoid higher energy bills, paying only for the energy they have used during the period.

Today, Co-op Power – the largest co-operative energy buying group in the country – is calling on businesses to join its group, to help them save money during the latest COVID measures and beyond as the UK navigates the recession.

Co-op Power begins first ever recruitment drive

The energy co-operative sees its members buy together for greater value and share electricity from 100 per cent renewable sources. Already enjoying a collective buying power of £200 million a year, Co-op Power is calling out for new corporate members for the first time since it was originally conceived in 2003, to manage the diverse energy needs of the Co-op itself.

On the buying group’s first ever recruitment drive, Steve Murrells said: “We know first-hand that the pandemic has put extra pressure on businesses. Whether that’s focusing on colleague wellbeing & job security, serving customers safely, supporting communities or just purely surviving. For many, this has meant unforeseen investments being needed just to remain in business.

“Being blindsided by unexpected costs from an energy provider at such a critical time could be the breaking of a business, putting our high streets and the communities they serve at further risk.”

David Roberts, Power’s new managing director, added: “Take or Pay, also known as Volume Tolerances, are standard contractual clauses which live in the very small print.

“Also, the actual charges for unused energy are rarely made clear to the client as they receive their invoice. The costs might appear discreetly, be hidden within other charges or not be itemised out. So, a business could be paying for unused energy without even realising it.

“Some suppliers agree to spread the cost of unused energy across future years, but usually on the understanding that the client renews their contract. This means that many are repeatedly locked into an energy agreement which doesn’t always work for them, in fear of paying a massive penalty.”

Co-op Power counts Roadchef, Nationwide Building Society and The Royal National Lifeboat Institution amongst its newest members, joining other long-standing names such as National Trust, PA Media Group and Emirates Airlines.

£100m in energy costs have been saved by members so far and the Co-op alone saved more than 165,000 tonnes of carbon in 2019, through Co-op Power.

Read more:
Businesses could be charged millions for unused energy during lockdown

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks...


By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative”...


THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according...


THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to...


THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the...


With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.