New Welsh energy start up:
One Wales Energy
Founders Jon Townend and Jude Cook tell us how the business started:
Jude & Jon
“We’ve known each other for over 20 years and have both worked in the commercial, public and not-for-profit sectors. During that time we have started and run our own businesses providing services to the general public and business communities in Wales.
Most recently we’ve worked together in the renewable energy sector and as partners in our energy consultancy, offering advice to clients in South Wales.
Through our work, particularly with community energy groups, we realised that in Wales we are losing out – at present there is no dual fuel domestic energy supplier actively trading and based in Wales, so most of the money we all spend on energy is leaving Wales
We started to look at ways in which an energy business could offer a fairer and more exciting energy future for Wales, where energy is more affordable and sustainable and people in Wales could benefit from the profits.
One Wales Energy – Un Ynni Cymru was born!
We are totally committed to bringing a new approach to energy supply in Wales. We’ll be offering competitive tariffs, generating profits for investors in Wales, supporting community projects and helping to nurture a cleaner, greener, more resilient domestic energy supply sector.
This is an exciting time as we prepare to launch the business and take our first step towards making One Wales Energy – Un Ynni Cymru into Wales’ leading energy supply company. We hope that families, communities, organisations and businesses in Wales will be proud to join us on our journey and help us ‘put the energy back into Wales.’ ”
Everything we do, from our Wales-based bilingual contact centre to fair tariff pricing, to our business structure and local ownership – is all part of working to achieving this goal.
The Welsh domestic energy supply market is worth £1.4 billion. We aim to secure 10% of that market by 2023 and you could benefit from the profits!
We will run One Wales Energy – Un Ynni Cymru as a ‘profit with purpose’ business. This approach combines a conventional profit-making business with a commitment to supporting social and environmental benefits for Wales.
One of the ways we will do this is through a Community Affiliate Scheme, offering organisations a way to generate a long term income stream, by earning referral and retention fees when their members, supporters, local community etc. switch to us.
(edit 25.07.2017)