When you join one of the UK's largest independent co-operatives, your membership is in your hands. You can be involved as much or as little as you like.
- High quality services are delivered to our members and customers
- We respect the environment and trade to the highest ethical standards
- Support is given to our local communities
As a Co-op Energy customer, you don't have to become a member, but we'll think you'll be missing out if you don't! Here's why:
Share of the profits
In a co-operative business, all members receive a share of the profits at the end of the year. Our members decide what percentage of the profits should be allocated to members, as well as how much should be reinvested into the business, and how much should go to the local community. You can use your profit share in one of four ways:
- Vouchers that can be redeemed in any Midcounties stores in payment for goods
- Crediting it to your Co-op Energy account
- Crediting it to your share account with The Midcounties Co-operative, where you will earn interest
- Donating it to a charity nominated by members of The Midcounties Co-operative
The more points you earn as a customer, the bigger the share of profits you'll get back. Points can be earned pro rata as you spend money on your bills, or as rewards for things like sending regular meter readings. As a member, you'll also get to decide on the value of a point, depending on our profitability and prospects.
Democracy is a big part of being a member of a co-operative business. As a member, it's your job to elect directors to the board of Midcounties, and help ensure that our business is governed responsibly.
How to become a member
Membership costs just £1 (taken from your first year's share of the profits), and in return you will receive points that we'll exchange for a share of the profits at the end of the year. Here's how it all works:
- Tell us you want to become a member
- We'll send you a membership card that you can use to earn points online and in store.
- Your £1 joining fee will be taken from your first year's share of the profits.
- View your points balance online at any time
- At the end of the year, you'll get a share of the profits. The final amount depends on the business performance and the board's view of future trading projects