London Hydro hopes to create affiliate company and offer more services
London Hydro is hoping to create an affiliate company. According to officials, the potential affiliate would explore new areas in technology, compete in the retail energy market and offer services not available under the regulated framework.
'We're excited to be going in front of city council on the 14th of August, to talk about the opportunity to create an affiliate company that would run alongside with London Hydro, exploring opportunities that would help drive economic development for the region,' said Ysni Semsedini, CEO of London Hydro.
Company officials say this would improve customer experience and potentially lower costs.
The mayor of London, Josh Morgan, is open to the idea, saying, 'It's something that if we don't consider, we are going to fall behind what other are doing and miss out on potential revenues.'
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