A local authority is set to save £4 million on its cheap energy bills this year after changing the way it pays for power.
According to the Nottingham Post, Nottingham County Council will make significant savings in the way it funds energy usage in schools, council buildings and street lighting.
Councillor Richard Butler, cabinet member for environment and sustainability, told the newspaper: "Rather than buying all of the council's energy requirements in advance, we now only buy a fixed proportion up front and the rest we effectively pay as we go.
"This allows us to ride the peaks and troughs of energy prices and means overall we should get a better deal," he explained, adding that it is a "huge achievement".
The news comes after Nottingham City Homes teamed up with energy supplier E.ON and the city council to install solar panels on the roofs of 600 homes, in order to cut the cost of cheap electricity by around a third per household.
If you want to find out more about how to compare energy suppliers and save up to £453 in minutes, click here.
Share this story with your friends:-