London Power is an electricity and gas supply company in the United Kingdom, launched in 2019 by Sadiq Khan, Mayor of London.
Establishment The company was established in July 2019and began trading in January 2020. It is a wholly owned subsidiary of the Greater London Authority (GLA).
Functioning London Power only accepts customers at London addresses.
Octopus Energy supplies gas, 100% renewable electricity and customer service on behalf of London Power. The GLA states that any profits will be invested into delivering the Mayor's social and environmental goals. The GLA receives a commission from Octopus to London Power for the customers.
Profits made by the GLA are reinvested into community projects.
Reception The Green member of the London Assembly, Caroline Russell, criticised London Power for being set up with the help of Octopus Energy, a private company, rather than being completely within the responsibility of the GLA. The Renewables Energy Agency supported the body, describing the GLA as being a pioneer.
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