A new energy company aims to challenge the dominant Big Six utilities by providing what it calls “fair for all” tariffs.
MME is joining forces with procurement firm YPO which buys gas and electricity on behalf of more than 40 local authorities.
Together they claim they will offer better energy deals to thousands of households and businesses.
Peter Connolly, Founder of MME, said: “We will be owned by our partners and be fair for all of our customers. The energy industry is one of the least trusted sectors in Britain and it is easy to see why. The cost of energy on your bill is between 30% to 40%. The rest is charges and overheads.
“We will be operating with new technology, lower costs and without the legacy IT systems of the Big Six, which are largely owned by foreign governments and investors. We will be cheaper, better and locally owned and we will create and support local jobs.”
MME plans to supply customers with smart meters to provide accurate information about energy usage as well as using cloud-based software to give households and small businesses more control over their bills.
The company is now establishing partnerships with local authorities to offer gas and electricity to consumers and businesses in their areas.