Bristol City Council's cabinet has agreed to sell Bristol Energy after investing more than £36 million into the publicly-owned retailer. Mayor Marvin Rees blamed a volatile market place and said the company has faced continued challenges since being established by his predecessor. He lamented that the authority had previously been unable to reveal the extent of the challenge it was tackling as this would have further disadvantaged it against competitors.
Bristol Energy officially for sale after council admits ‘high risk’ strategy has failed
