Derby City Council has become the latest local authority to launch its own energy company, called Ram Energy.
The company was launched today (6 October) in partnership with Nottingham City Council’s Robin Hood Energy and will be available to local residents with a Midlands postcode.
There will be a special introductory offer for all new customers within the first three months, with discounts for credit accounts managed online.
Ram Energy will also be available to pay-as-you-go customers, who the council said have been “traditionally been poorly served by the energy market”.
Pay-as-you-go customers will have new smart meters installed, enabling them to top up online and by phone, as well as via the traditional key card route.
The launch of Ram Energy has also been backed by some of Derby’s largest employers, including Rolls Royce, Bombardier and Toyota UK, who have all agreed to promote it to their staff.
“Ram Energy is a local brand for the people of Derby, offering security and reassurance about value for money,” said council leader, Ranjit Banwait.
“It is not about making big profits or paying shareholders, as is the case with the big energy supplier,” he added. “This will make a meaningful contribution to the quality of life in our city.”