Mr Johnson announces his plans for London to produce 25% of its own power from local sources by 2025 Boris Johnson outlines plans for the London mayor's office to become the UK's latest independent electricity supplier, officially launching next year. London are the first public authority to receive a electricity licence from regulator Ofgem. The scheme, likely to be named Energy for London will initially purchase electricity from small generators owned by public bodies and London boroughs, then plan to sell onto the Metropolitan police, Transport for London etc. However its first call concern is to appoint an operator to help manage the system. Ed Davey said "Opening up our energy market to smaller companies is good news for competition and therefore good news for consumers. This is part of my vision to help to meet the UK's energy and climate change challenges, supporting a sustainable and secure energy system, reducing UK greenhouse gas emissions, and lowering consumer bills." This is a fantastic development which could help break the stranglehold of the big six firms. Any project of this nature has to be good news. To help save on your energy bills take a look through our latest energy saving tips.