Electricity unit cost reduction

Following competitive negotiations Parkgate Aspen have agreed a new contract for the supply of electricity to the Canary Riverside site from October 2020. This has resulted in the cost (excluding VAT) of electricity for residents going down from 15.451 p/kWh to 14.14 p/kWh, which will be initially seen on the electricity bills for Quarter 4 of 2020 due to be issued in January 2021.

This is a saving of approximately 8%; a similar saving has also been made for the commercial properties at Canary Riverside.