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M&S to enter the energy market

Marks & Spencer has joined up with Scottish and Southern Energy to launch M&S Energy which will supply electricity and gas to domestic customers and reward them with M&S vouchers for cutting back their energy usage.

M&S Energy will be sold exclusively through M&S stores and a new website www.mandsenergy.com.

The concept will launch in 16 M&S shops and online on October 27 and will be rolled out to 62 M&S stores by the end of November.

Customers who reduce their annual energy usage by 10% in the first year will receive a £15 M&S voucher while those opting for paperless billing will receive an additional £10 M&S voucher.

Carl Leaver, M&S director or international & home, said: "M&S Energy is an exciting addition to our range of services. The energy sector can be quite complex and we want to make it simpler for our customers. We also understand that the cost of living has risen for many customers and we hope to encourage them to save money by reducing their energy usage, as well as giving M&S store vouchers as rewards for doing so."

He added: "Our partnership with Scottish and Southern Energy is based on our shared commitment to offer great value products supported by excellent service. Together we've developed an extremely competitively priced product that will help M&S Energy customers to help the environment."

For more details see the attached document.

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