Co-op Power, the UK’s largest co-operative energy buying group, has relaunched with a renewed mission: to help like-minded businesses save money and source green, low-cost energy in an ethical and sustainable way.
The Co-op already buys energy for its own operations and is now using its buying power to support other businesses in building greener energy strategies. This expertise includes managing energy for major sites such as the Group’s Biggleswade distribution depot, which demonstrates Co-op’s commitment to efficiency and sustainability at scale.
Imran Rasul, Chief Procurement Officer at Co-op commented: 'As the biggest Co-op in the UK, we buy power for our own business, and we decided to use our buying power to help other like-minded businesses save money and source energy in an ethical and sustainable way. We’re building on Co-op’s experience as a major energy user to help businesses take control of their energy strategies. Our team brings deep expertise in sourcing, buying, and managing energy, and we’re committed to using that knowledge to deliver real value - helping businesses cut costs while sourcing energy in a way that’s sustainable and ethical.'
In 2022, Co-op Group focused on internal energy procurement, redesigning and strengthening its hedging strategy to prepare for a rapidly evolving energy market. Working closely with its Sustainability and Property teams, Co-op also modelled a new green strategy, investing in corporate Power Purchase Agreements (cPPAs) and embedded generation.
With this foundation in place, Co-op Power is now ready to offer its expertise to others. The business was soft-launched to partner suppliers at the Group’s GNFR conference in June and showcased at the Institute of Grocery Distribution (IGD) Conference in September.
What Co-op Power Offers
Co-op Power’s offer focuses on four key services:
- Green Strategy Consultancy – helping businesses design their own sustainable energy plans.
- Energy Procurement – leveraging Co-op’s in house expertise to support customers with flexible purchasing strategies.
- Portfolio and Bill Management – expert bureau services to manage energy portfolios.
- Account Management – dedicated support for ongoing energy needs.
'We’ve redesigned our approach to make Co-op Power stronger and more resilient than ever,' added Imran 'This isn’t just about buying energy; it’s about co-operating to create value for businesses, communities, and the planet.'
For more information, visit coop.co.uk/power.
About Co-op
Co-op Group is one of the world’s largest consumer co-operatives, operating across food retail, funerals, insurance, and legal services. Owned by over 6 million active member-owners, Co-op exists to meet their needs and champion the causes they care about. With more than 2,300 food stores, 800 funeral homes and a wholesale business supplying around 6,000 additional outlets, Co-op employs 54,000 colleagues and generates annual revenues of over £11 billion. It is a recognised leader in ethical business and community-led programmes, creating long-term value for members and communities across the UK.
Source: Co-op
