Together Energy has bought Bristol Energy for £14 million, ensuring Bristol's customers and workers do not lose out.
Together Energy will acquire the entirety of Bristol Energy's customer base, along with the Bristol Energy brand and systems.
It was announced earlier this year by Bristol City Council (the founders of Bristol Energy in 2015) that they would be selling the company, completing the sale of the business customer base in August.
Together Energy employ more than 90% of its staff from Scotland's most deprived areas, so guaranteeing the jobs of 110 frontline workers when the purchase of Bristol Energy was made was a big priority of theirs.
With Together Energy already providing 100% renewable electricity to its customer base, both companies will continue to strive to deliver green energy to new customers.
CEO of Together Energy, Paul Richards, said:
“There are great synergies between both companies and the acquisition is a natural fit to our growth strategy. We are an employer with strong social ethics and in the current climate are delighted to have secured so many jobs."
“We are delighted to welcome Bristol Energy’s customers into the Together family and want to assure them that nothing is changing – tariffs, terms and conditions and how you contact Bristol Energy will all remain consistent. We also recognise the value of the brand and plan to retain it.”
Cllr Craig Cheney, Deputy Mayor and Bristol City Council Cabinet Member for Finance, Governance and Performance said:
“Throughout this process it has been really important that we find a buyer who will not only offer a good deal for Bristol but also shares similar values. We are therefore delighted that Bristol Energy has been acquired by Together Energy which has proved committed to do the very best for its staff, customers and the environment.”
Source: Together Energy
