ENERGY

Council-owned energy firm on target to deliver profit

A council-owned energy company has said it is on course to make a profit by 2021 after adjusting its business plan.

By Mark Conrad | 10 May 2017

A council-owned energy company has said it is on course to make a profit by 2021 after adjusting its business plan.

Bristol Energy, which is wholly-owned by Bristol City Council, initially predicted it would return a profit by 2019, but the firm was forced to revise its ambition after a slower-than-expected take-up of its gas and electricity tariffs across the UK.

Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
footer-logo

©2024 Hemming Group Limited. Registered in England and Wales. Registered No: 490200. VAT number GB342 023 408