Collective Energy works like a community cooperative. The only difference is that the community can be made up of households and businesses from anywhere in the UK.
When a person decides that they want to take charge of their electricity production and consumption, they purchase the plan that suits their circumstances. They are then placed into a community, which will grow as more people sign up.
Once the community reaches around 1,000 members it will no longer accept new applicants. Each member of the group is then asked to invest the amount of money relative to their plan. Once all members have finalised their payment, that group's wind turbine will be ordered.
The turbine will take around 12 months to construct and install. At which point we will invite all members of that turbines group to sign their 18-month contract and we take over the supply of your property. You are now responsible for producing 100% renewable electricity.
Each communities turbine will have an operational life of at least 25 years. So, each member of the community will be able to enjoy zero electricity bills until the turbine is decommissioned no sooner than its 25th birthday.
We fully manage the operation and maintenance of the turbine for its entire life. Each turbine is fully insured. So even if a turbine breaks down, our customers will not encounter any bills or an interruption in their electricity supply.