BHESCo receives income from a variety of different revenue streams, including the sale of energy through the Feed-In-Tariff and Renewable Heat Incentive as well as direct to our customers from projects we have developed.
BHESCo intends to pay 3% interest to our investors on an annual basis, dependent on financial performance and cash flow.
The interest is calculated gross and is not subject to a retained income tax credit.
Shareholders can decide to have their interest paid out, to invest it back in BHESCo or to donate it to help fund our fuel poverty intervention work.
Cooperative members do not have the right to withdraw share capital, although shares are withdrawable at the discretion of the Board of Directors. In practical terms, the Cooperative buys back the shares.
After 3 years, upon approval of the members and assuming there are sufficient funds, BHESCo aims to make available 10% of its capital to repurchase shares.