Tuesday, 14 February 2012

Britain tries bulk buying for #energy

British Energy Secretary Edward Davey says bulk buying energy would be a "game changer," producing lower energy bills for consumers.

"I have long believed that collective purchasing will be a game-changer in terms of handing power back to consumers," Davey said. "As energy secretary I am determined to take this agenda forward. I want to make it easier for consumers to club together and use collective purchasing power to reduce their gas and electricity bills."

The Daily Telegraph reported Wednesday that 40,000 people in Britain signed up for a pilot program in which the collective purchasing power of, potentially, hundreds of thousands of consumers could be put to the test.

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