Bristol City Council will be able to put a cap on energy prices for customers on heat networks, the city's mayor has said.
Earlier this week, the council announced it had chosen renewable energy firm Ameresco Ltd as its City Leap partner, with the two organisations forging a 50/50 joint venture. The deal commits Ameresco to invest £424million in low-carbon energy infrastructure, such as heat networks and heat pumps, which will remove 140,000 of carbon across the city in the first five years of a 20-year agreement.
Bristol City Council will grant access to its estate with the American business retrofitting its social housing by 2030 and paying the authority a guaranteed £4.2million. The City Leap partnership will work with Sweden’s nationally owned energy company Vattenfall Heat UK which will effectively buy and run all the council’s heat networks that the authority has been building since 2015.
