Boroughs will be responsible for providing the spaces, the first of which are due to be in place by the spring.
Operated by Octopus Energy, London Power is promising its 12-month fixed tariff will “typically be within the cheapest 10 per cent of similar tariffs”.
Originally TfL planned to close all ticket offices but following opposition from transport unions and passenger watchdog London Travelwatch announced they would be retained though many will now open for fewer hours.
Launched on 30th July 2010, the scheme has expanded from an initial 315 docking stations spread across eight boroughs to now offer more than 12,000 bikes available from 781 docking stations and has seen more than 87 million hires made over its lifetime.
Transport for London has published plans for a new 6.5km Cycleway between Greenwich and Woolwich which it says will help boost safety along “one of southeast London’s most dangerous roads.”