People's Energy went bust on the 14th September 2021 affecting 350,000 customers. Get a full list of energy suppliers that have gone bust here.
People's Energy was launched in 2017 with the aim of wresting power away from the Big Six energy suppliers and putting it back into the hands of customers. It plans to do this by sticking to the four following promises:
What separates People's Energy from most suppliers is that it was started with £500,000 raised through crowdfunding, and it will pay 75% of the money it makes back to its customers as soon as it starts turning a profit. These payments will be made via a cash payment directly into each customer's account.
It now has around 200,000 customers and has started paying back the 2,200 people who helped with that initial funding.
And, to make good on its ethical promises, it will soon be offering domestic customers a 100% renewable energy tariff, which includes 'green' gas. People's Energy also supplies business energy, and commercial customers can already opt for a 100% renewable energy tariff.
People's Energy is an independent, privately owned energy supplier based in Midlothian.
Co-founded by David Pike and Karin Sode, People's Energy Community Interest Company is the parent company of The People's Energy Company Limited, which owns People's Energy (Supply) Limited.
If you're looking to move away from an established energy supplier, then an up-and-coming challenger brand like People's Energy could offer a good option.
The household energy tariffs offered by People's Energy are among the lowest around and customers report that service levels and billing accuracy are excellent.
Any electricity we use is generated from a combination of different fuels such as nuclear, coal and renewable sources (wind, water and the sun). The different amounts of each fuel contributed makes up a supplier's fuel mix.
Here is People's Enegry gas and electricity fuel mix:
| Electricity supplied by People's Energy % of total | Average for GB (for comparison) % of total | |
|---|---|---|
| Coal | 0.2% | 5.2% |
| Natural Gas | 2.8% | 41.4% |
| Nuclear | 0.3% | 18.7% |
| Renewable | 97% | 32.8% |
| Other | 0.2% | 1.9% |
| Total | 100% | 100% |
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