Nottingham City Council to set up energy firm to rival 'big six'

The UK's first council-run energy company will be set up next year by Nottingham City Council.

According to media reports, Nottingham City Council said it will set up the £1m project to do battle with "the big six" energy firms. It will run it on a non-profit making basis.

More than 177,000 households across Nottingham could soon benefit from cheaper energy bills - saving up to £120 a year, it is claimed - when the new firm is set up by Nottingham City Council.

The current plan is to launch the scheme next year - with a high-street shop, call centre and other staff leading to the project becoming a potential "million pounds plus" scheme.

Liz Gyekye