Profit from our SuccessReceive your share 75% of our profits
How does it work?
We plan to deliver 75% of our surplus profits back to you in the form of a rebate on your bill. Based on current rates of growth – and barring the sort of “acts of God” over which we have no control – we would anticipate doing this for the first time in 2020.
Why not give out dividends or cash?
We want to reward you in the simplest and most effective way possible: by providing a rebate rather than dividends you don’t need to worry about declaring any income and paying tax on the profits.
Why do we have to wait until 2020?
People’s Energy is still in its infancy and we did not generate a profit in 2018. This is not unexpected as every company has to make upfront investments and face set-up costs in its first few months of existence. We’ve also been paying back our crowdfunders, which is fair enough as they were first to put their hands in their pocket, and they’ve enabled us to get going without having to rely on corporate cash.
We’re on our way to profitability in 2019 though, and fully expect to have some profits to share with you next year.
How can I get involved?
By taking 90 seconds to switch to us online, you’ll be eligible. Every 12 months we’ll give you your share of 75% of our profits in the form of a rebate on your bill. The more people join up, the bigger the profits – so share our story!