Coop Norway has announced that it has teamed up with power-provider LOS to offer its members an exclusive electricity deal.
Coop members will pay NOK 9 (€0.93) per month along with NOK 3.45 (€0.36) per kWh in commission to use the company's services, a cheaper rate than the industry standard.
They will also receive a 2% membership bonus on the power consumption, and a welcome bonus of 200 kroner (€20.70).
The CEO of LOS, Margit Unander, said, "We are very pleased that Coop has chosen LOS as a partner for its members.
"The goal has been to offer Coop's members a very favourable power deal with a unique membership bonus on power consumption.”
Presently, around 1.6 million Coop members can avail the offer from the Agder Energy-owned power provider.
'Less Expensive Power'
Coop Norway's organisation and member director, Geir Jostein Dyngseth, said, “When we have asked our members about the type of member benefits they want, many have answered that they want less expensive power.
"We contacted a number of power suppliers, and the only power supplier that could meet Coop's requirements was LOS AS."
LOS, headquartered in Kristiansand, is one of the largest players in Norway's energy industry, which supplies electricity to private customers across the country. Presently, the majority of its customers are located in Sørlandet, in southern Norway.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.