An energy company is set to distribute £2.4 million in profits to the four local authorities that support it.
West Mercia Energy will provide Shropshire Council, Telford and Wrekin Council and Worcestershire County Council with just over £600,000 each.
Herefordshire Council is expected to receive £551,000 from this surplus.
According to the annual accounts presented to the joint committee of member authorities, the firm achieved a net profit of £2.5 million, with an annual turnover rising by about 38% to over £186 million.
The annual report highlighted that despite price increases for customers in 2023/24, customer retention has remained high.
The energy market’s volatility led to new contracts being signed with two additional local authorities and several educational academy trusts
