Published: 5th May 2020

Bristol City Council is reportedly looking to sell off its energy business – Bristol Energy – after warning the local authority was set to lose £80m in income. According to Sky News, the local authority has appointed advisers to begin a process of finding a buyer for the energy firm’s customer book. New Start approached Bristol City Council for comment and in response, a spokesman confirmed that Ernst and Young has been commissioned to provide ‘professional advice to the council by undertaking a full and thorough assessment of Bristol Energy’s structure and future business viability’. ‘A key objective is to mitigate the extent of any additional funding requirement from the council beyond the existing agreed funding envelope,’ added the spokesman. Bristol Energy is one of the largest council-owned energy companies in the country, second only to Nottingham City Council’s Robin Hood Energy. In March, Bristol Energy announced that finance director … (To read the full article, subscribe below)