Ten school academies have saved £500,000 through Co-op’s renewable energy buying group Co-op Power, allowing for re-investment back into education.
On average the 10 academies have each saved £50,000 in energy bills over a two-year period, having benefited from the energy cooperative’s buying power, where members buy together for greater value and share electricity from 100% renewable sources.
The £500,000 saving is equivalent to 3000 laptops and over 227,000 school meals.
Owing to the immediate savings and reduced future costs, the Co-op Academies in Greater Manchester, Leeds, Bradford, Wirral and Stoke-on-Trent have been able to reinvest back into their schools and education.
To further improve energy efficiency and reduce costs, Co-op Power offer advice and help identify anomalies for energy usage on weekends and during school holidays when schools are closed.
Co-op Power managing director David Roberts said: “Schools’ time and resources are already stretched, by understanding the energy market we can deliver a real difference to the schools and save them time and money which can be reinvested where it counts, in education.
“Buying together helps schools get better value, but we also help them to use less energy. We’ve seen pressure building throughout the entire UK for all businesses and public services to be more environmentally friendly in order to reach Carbon reduction targets, this includes education facilities.”
“More importantly the energy we are providing is ethical. It’s the right thing to do, not only now but for future generations.”