The Conservative budget announcement in July was not good news for the renewables industry, nor for members of the public who are concerned about climate change, rising energy prices and the impact that extreme methods of extracting oil and gas will have on our air, water and soil (1,2). Support for the renewable industry and tackling climate change appears be drying up at a time when we need them more than ever (3).
We see that there are cuts ahead, so that even large coal–fired power stations like Drax, who were seen as the UK’s worst carbon dioxide polluter, are complaining about how their transition to biomass is being undermined(4,5). Instead there is massive funding of taxpayers money pouring into the nuclear industry to support the construction of new nuclear power plants, decommissioning and the long-term management of its toxic waste legacy (6). We know that nuclear is not a solution for climate change or keeping the lights on as the problems are looming and it takes 15 years to build a nuclear power station. Then there’s tax breaks for the shale gas extraction industry(7), although most of us oppose “fracking” which creates numerous problems for local communities, wastes more taxpayers money because the protests against fracking in areas that are precious to us will not abate. Besides the obvious detriment to our environment, the untold clean-up costs after it’s sucked the last drop of ‘fracked’ gas from the ground beneath us (8,9) and the impact on our water supply.
We need to ask some questions; who benefits from these subsidies? How are the investments made by this government going to benefit us, the taxpayer, in the long-term? Are we receiving value for money on governments investment of our taxes and finally – Why aren’t they listening to us? Already we are paying too much for our energy. Even the Prime Minister, has moved on to the former Labour leader’s territory, and is considering a temporary cap on our fuel bills as a result of the monopolising power of just 6 big energy corporations controlling over 90% of the UK energy market (10). Unfortunately, this is only a plaster for the bigger problem, which is that our energy strategy that is not fit for purpose.
There are solutions to these problems. There is a growing movement of local community energy groups across the UK, particularly, social enterprises and co-operatives like BHESCo here in Brighton and Hove. By building our own renewable energy generation and improving the thermal efficiency of our built environment, we can take some of the power out of the hands of the big corporations inflicting price increases and reduce our energy costs, improve the energy efficiency of our homes, stimulate the local economy, tackle fuel poverty and contribute to mitigating the biggest global threat to our existence, climate change. We can join other successful communities across Europe and all across the globe who are turning to more democratic, decentralised, community-owned, renewable energy solutions, controlled by us and for us (11).
After the success of the last 2 years, the Big Energy Saving Network (BESN) BHESCo is part of a consortium of community energy groups that has applied for support for two energy champions starting again this autumn/winter (12). We will be encouraging vulnerable customers to make themselves known to us because we can help them save money by reviewing their energy bills, offering impartial switching advice to the cheapest tariffs, general advice on energy efficiency in the home and how to keep warm this winter. We will also be taking action to help people be more energy efficient through small measures that we will implement in home visits.
We really can reclaim the power. It’s up to us to do it together. That’s what Community Energy is all about.
1. Budget 2015: Key climate and energy announcements: http://www.carbonbrief.org/blog/2015/07/summer-budget-2015-key-climate-and-energy-announcements/
2. Chancellor to push up renewable energy taxes in Budget with ‘climate shaped hole’: http://www.businessgreen.com/bg/news/2416918/chancellor-to-push-up-renewable-energy-taxes-in-budget-with-climate-shaped-hole
3. Former BP geologist: peak oil is here and it will ‘break economies’: http://www.theguardian.com/environment/earth-insight/2013/dec/23/british-petroleum-geologist-peak-oil-break-economy-recession
4. End of climate levy exemption dents Drax: http://nicosiamoneynews.com/2015/07/08/end-of-climate-levy-exemption-dents-drax/
5. End support for Drax: stop subsidies for biomass power and phase out coal! http://www.theecologist.org/campaigning/2840617/end_support_for_drax_stop_subsidies_for_biomass_power_and_phase_out_coal.html
6. County councils sidelined from nuclear waste dump site decisions: http://www.theguardian.com/environment/2013/sep/12/county-councils-nuclear-waste-dump-sites
7. UK’s shale gas revolution falls flat with just 11 new wells planned for 2015: http://www.theguardian.com/environment/2015/jan/19/uk-shale-gas-revolution-falls-flat-just-11-new-wells-planned-2015
8. Fracking plans rejected: Lancashire council throws out Cuadrilla proposal – at it happened: http://www.telegraph.co.uk/news/earth/energy/fracking/11705333/Fracking-decision-Lancashire-live.html
9. No fracking at Balcombe, says energy company Cuadrilla: http://www.independent.co.uk/news/uk/politics/no-fracking-at-balcombe-says-energy-company-cuadrilla-9081875.html
10. PM ‘to consider’ temporary cap on high UK energy bills (July 7th, 2015 5:50 pm): http://www.ft.com/cms/s/0/843585e6-2474-11e5-9c4e-a775d2b173ca.html
11. Tory ‘blue crap’ means UK is falling behind in global switch to clean energy:
12. Big Energy Saving Network 2015/16: https://www.gov.uk/government/publications/big-energy-saving-network-grant-offer-fund
17 Jul 2015
BHESCo is hosting an event to give you more information about our Co-operative, what we have accomplished so far, the renewable energy and energy efficiency projects we are investing in, our innovative business model and most importantly – how you can participate.
Be the Change You Want to See in This World
4 June 2015, 6pm – 9pm
Brighthelm Centre, North Road, BN1 1YD
BHESCo is an ethical, not for profit social enterprise aiming to become a community owned energy supplier. Our business model helps to lower energy prices sustainably. Pop in to our event, meet the Board of Directors of the Co-operative, learn more about how you can earn up to 10 times what you are currently earning on your savings by investing in a Co-operative that will pave the way for energy groups across the country.
THIS IS A FREE EVENT
02 May 2015
Brighton and Hove Energy Saving Co-operative (BHESCO) launched its bid to raise £1M to fund up to 10 community renewable energy and energy efficiency projects in Sussex.
When people put money into the co-operative, they become members and buy shares. For a minimum investment of £250, each investor receives a 5-7% year on year return. BHESCo has advanced assurance for the Enterprise Investment scheme giving 30% relief on the amount invested.
People who invest £500 will be able to claim £150 of that straight back in their next tax return. If the interest rate continues into subsequent tax years, investors will have doubled their money in 11 years. Moreover they will become part of a movement that helps reduce reliance on fossil fuels and contributes to a more sustainable future.
The offer was formally launched via Ethex, the UK’s award winning positive investment website. The minimum investment is £250 and the maximum is £100,000. To apply visit www.ethex.org.uk.
BHESCO’s share offer feeds into an innovative business model that forms a blueprint for energy groups across the country. By establishing a portfolio of services, including partnerships with energy suppliers, energy assessments and energy consultancy, the co-operative has successfully created a number of robust revenue streams. The model can be adopted in other towns and cities to ensure endurance of local energy groups.
The event has received coverage from local newspaper, The Argus and The Brighton & Hove Independent. The first installations include a biomass boiler for an independent school in Hove and a total retrofit of energy saving technology, including a solar array, for a social enterprise that manages affordable office spaces. BHESCO is also working with Brighton & Hove City Council to install solar on schools.
As well as benefitting from the government’s Feed-In-Tariff and renewable heat incentive – which guarantees a fixed price for community generated renewable energy for 20 years, the projects will also make significant savings on energy bills.
These factors combined give investors a 5% annual return on their investment, while enabling BHESCO to reinvest any profits in more community owned energy projects.
Kayla Ente, Founder and CEO said: “We’re used to thinking that doing good and making money are often opposed, especially when it comes to energy, but that doesn’t apply here. This is a win-win-win – Sussex gets more renewable energy while properties are made more efficient, cutting our carbon footprint and energy bills. Businesses and organisations we work with get cheaper energy, and the people who’s money makes it happen receive an interest rate that’s 10 times better than what they’re getting on their bank savings.”
Notes for Editors:
BHESCO (www.bhesco.co.uk) is a co-operative society registered with the Financial Conduct Authority registered number 32097R.
The offer is not affected by the FSMA 2002 regulations on public offerings on shares. For more information on community shares, see www.communityshares.org.uk
Community energy is a fast-growing sector of the activity, aided by the payment of the Government’s Feed-in-tariff and renewable heat incentive that guarantees a fixed price for 20 years, enabling BHESCO to reward its members with strong financial returns.
30 Mar 2015
Everyone will get an opportunity for their question to be asked, questions will be submitted before the event.
Through this event, we aim to:
– Encourage young people/first time voters to engage
– Gain a better understanding of the l…ocal candidates stance on environmental issues
– Encourage lively debate and awareness of the issues
– Give you an opportunity to question your potential MP’s
The event is sponsored by Community Energy South – a new umbrella group for local community energy groups across Sussex and surrounding counties.
Ticket Prices : £5 and concession £3
Doors and bar open: 7.00pm
Deadline for submitting questions: 7.30pm
Debate starts: 8.00pm (prompt – please be in your seats!)