# New energy company pledges to give share of business to charities - Link: https://fundraising.co.uk/2019/03/27/new-energy-company-pledges-to-give-share-of-business-to-charities/ - Published: 2019-03-27T14:59:28+00:00 - Author: Melanie May **A new domestic gas and electricity company has launched today (27 March), with the pledge of giving a share of its business to charities.**   [Home Energy](https://www.homeenergy.co.uk/) pledges to give to charity and save its customers money. According to the company, its customers will effectively be donating 20% of the company plus approximately 1.5% of its annual income to their chosen causes while they heat and light their homes. ## Advertisement [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/)   It aims to deliver this in the following way: people who switch to Home Energy via its [website](https://www.homeenergy.co.uk/) can nominate a charity to receive the cash value of shares in the business when it floats on the stock market in around 2025. Based on a conservative flotation valuation of £100 million, it says this could create a £20 million windfall for worthy causes. Until this time, the charitable shares will be held in a trust.   Home Energy will also make annual donations of approximately 1.5% of its income to its customers’ nominated charities from the start, which it believes could see annual donations exceeding £2.5 million in five years’ time based on a conservative forecast of turnover.       > Home Energy is launching nationwide today! Our mission is to provide affordable > energy whilst being the first energy company to give a portion of its business > to charity – and you can choose where the money goes! [#energy](https://twitter.com/hashtag/energy?src=hash&ref_src=twsrc%5Etfw) > [#gas](https://twitter.com/hashtag/gas?src=hash&ref_src=twsrc%5Etfw) [#electricity](https://twitter.com/hashtag/electricity?src=hash&ref_src=twsrc%5Etfw) > [#charity](https://twitter.com/hashtag/charity?src=hash&ref_src=twsrc%5Etfw)[https://t.co/bm2VI9DAie](https://t.co/bm2VI9DAie) > [pic.twitter.com/futWJy9wcI](https://t.co/futWJy9wcI) > — MyHomeEnergy (@MyHomeEnergy1) [March 27, 2019](https://twitter.com/MyHomeEnergy1/status/1110861822054285312?ref_src=twsrc%5Etfw)       The new energy firm has identified five charitable areas which customers can choose to receive the value of 20% of its shares, each of which has personal meaning for the company’s founders: hospices, neurodegenerative diseases, Alzheimer’s and dementia, cancer, and animal welfare. Alternatively, customers can nominate a specific charity of their choice.   To encourage new customers, as an introductory offer the company is also giving a 5% rebate on the first 5,000’s first year’s bills.   Home Energy is also in discussions with a number of organisations — including two national cancer charities — about partnerships to help grow the business and the funds that will go to the good causes.   Kevin Stoker, Founder & CEO of Home Energy (pictured), said:   > “We’re determined to set an example of how companies and charities can work together— > creating new ways for ethically-minded people to give to good causes, simply by > being a customer. We’re breaking the mould of how businesses can harness customer > action for social good.” * **[10 great corporate partnerships: from fundraising to sponsorship, donated items, and more](https://fundraising.co.uk/2019/07/19/corporate-partnerships-round-up-fundraising-sponsorship-donations-more/)**( 19 July 2019) * **[Q-Park charity partnership raises donations while discounting parking](https://fundraising.co.uk/2019/07/25/q-park-charity-partnership-raises-donations-discounting-parking/)**( 25 July 2019) * **[Corporate partnerships: a bumper edition of good deeds](https://fundraising.co.uk/2019/08/08/corporate-partnerships-bumper-edition-good-deeds/)**( 8 August 2019) ![Loading](https://fundraising.co.uk/wp-content/plugins/page-views-count/ajax-loader- 2x.gif)