Households could save up to £200 a year on their fuel bills through a proposed council move.
Leeds Council is looking at creating its own domestic energy services company (LESCo) to help people pay less.
Under the proposals, the local authority would look to form a partnership with an existing energy provider, and would then offer competitive energy tariffs to customers under the brand identity of the new company, which would clearly by endorsed and promoted by Leeds Council.
The scheme aims to cut the number of homes in the city described as ‘fuel poor’, which in 2013 stood at 11.6 per cent of all households in Leeds compared to a national average of 10.4 per cent.
The scheme would also promote properties replacing outdated, inflexible and inefficient pre-payment meters with the latest ‘smart’ pay-as-you-go alternatives.
Leeds Council executive member for regeneration, transport and planning, Councillor Richard Lewis, said: “Setting up this company would be an innovative way of helping people pay less for their energy and save money with an offer which clearly comes from Leeds City Council.
“It would be for anyone in Leeds but one of the aims would be to lower the number of households in the city in fuel poverty, as well as helping to protect the environment so we are very keen to make it happen.”
Senior councillors will be asked to back proposals allowing the local authority to start the process of looking to establish its own LESCo when its executive meets on Wednesday.
Leeds Council would help to market and promote the tariffs offered by the new company, but the costs to the council would be minimal, it says.