Wild Thoughts DJ Khaled Download 'Wild Thoughts' on iTunes
More than three hundred businesses, community groups and families have joined a collective to bulk buy fuel
They're now saving on average a hundred pounds a year on oil.
The Devon Oil Collective has been running for a year.
It uses the power of collective buying to negotiate with suppliers and place orders on behalf of members by acting as a broker.
It means that no matter how much oil you need you get the lower, bulk price. In the last twelve months 315,450 litres of oil has been ordered with savings of between 3 and 6 pence per litre. Typically this means a saving of around £45 per 1000 litres orders and a collective saving of £13,500 in twelve months.
And as more people join the greater the negoitiating power the collective will have and the bigger the savings to be made.
The Devon Oil Collective is a scheme run by the Community Council of Devon and backed by Devon County Council. As a social enterprise the Collective seeks only to cover its running costs, but any surplus that is made will go directly towards supporting the charitable work of the Community Council of Devon.
Our reporter Wendy Buckingham has been talking to Michelle Gardner about the scheme. CLICK HERE
Membership is open to businesses, community organisations and domestic properties and costs from just £24 per year.