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Enfield Council to invest £58m in ‘energetik’, its local energy company

Published on:

30 January 2017

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An ambitious plan to secure north London's energy future was given the green light by Enfield Council last night (Wednesday 25 January).

  • Enfield Council gives green light to business plan for community energy networks which will provide low carbon heating and hot water to 15,000 homes
  • Scheme will provide £225million of economic, environmental and social benefits to residents and businesses
  • The networks have capacity to expand to more than 30,000 homes and businesses

An ambitious plan to secure north London's energy future was given the green light by Enfield Council last night (Wednesday 25 January).

The local authority has approved the £85 million business plan for "energetic" to develop, own and operate a series of community energy networks  to supply low carbon heat and hot water to more than 15,000 homes and businesses across Enfield and beyond.

Enfield Council's Cabinet Member for Economic Regeneration and Business, Cllr Alan Sitkin, said: "energetik is a ground-breaking venture which will return £225 million of economic, environmental and social benefits to residents and businesses in Enfield and the wider community.

"The heat networks are designed to expand, with capacity to double the number of homes and businesses receiving heating and hot water across North London."

The decision means Enfield Council is one of the first London boroughs to establish its own energy company. It is investing £58 million to support a high quality infrastructure and help secure the area’s future energy needs and improve the environment.

The Council's investment will be supplemented by the company's own income, with energetik's business plan funding the capital balance, bringing the total up to £85 million over the next 40 years.

Energy centres at Meridian Water, Arnos Grove, Ponders End and Oakwood will supply the heat and hot water through a network of highly insulated pipes. Community energy networks provide a local and adaptable energy supply, allowing use of waste heat and adoption of future heat technologies.

Jayne Clare, energetik's Managing Director said "energetik is using Scandinavian design standards to improve the service and the industry in an unregulated market. We are putting customers’ needs first, before rates of return. We want to revolutionise the local energy market and be the supplier to trust."