*You must be a member of Westmill Wind or Westmill Solar to be eligible to apply for the Westmill Trading Dividend*
*Sign-ups now closed*
Westmill Wind and Westmill Solar are pioneering Co-operatives. One of our long-term goals is to enable members to buy the electricity that we collectively generate. The Trading Dividend is another step along this path. It was first introduced in 2021 following overwhelming support from the members when questioned as part of a survey in late 2020.
What is the Trading Dividend?
The Trading Dividend is a payment to members for purchasing the electricity we produce. It is similar to the vouchers provided by retail co-ops to their members. Our Trading Dividend will be paid as a credit on the electricity bills of those members of Westmill Wind and Westmill Solar who buy their electricity through Your Co-op Energy.
The amount of the Trading Dividend is agreed each year at the Westmill Wind and Westmill Solar Annual General Meetings.
The Westmill Wind and Westmill Solar boards have sought to create a closer connection between the electricity we generate and the electricity used by our members. It is something that members have requested. It also enhances member economic participation, one of the seven guiding co-operative principles set out by the International Co-operative Alliance.
Another of the ICA’s principles is cooperation among Co-operatives and Your Co-op Energy have been a key partner to the community energy sector, sourcing electricity from around 90 community generators, including Westmill Solar and Westmill Wind.
How to apply
Thank you to those who signed up for the 2023 Trading Dividend, the deadline for applying has now closed. Members will be contacted about plans for future Trading Dividends once they have been finalised. This is likely to be in the latter half of 2024.