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Mitsubishi Purchases Stake In Retail Energy Supplier, Will Accelerate Supplier's Expansion
OVO (parent of U.K. retail supplier OVO Energy) announced a strategic investment from Mitsubishi Corporation for a 20% stake in the business. OVO ...
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Parent Of Big Six U.K. Retail Supplier Assessing Retail Supplier's Future, Held For Disposal
In a trading update, SSE confirmed the options that SSE is assessing for the future of U.K. retail supplier SSE Energy Services, "which remains held f...
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Innogy To Restructure Npower After Failed SSE Deal
Innogy will restructure npower, its retail supplier in the U.K., following the collapse of its proposal joint venture SSE, Reuters reports See Reu...
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"Big Six" U.K. Retail Energy Supplier Cutting Workforce By 900, Citing "Incredibly Tough" Market
Npower, one of the "big six" retail energy suppliers in the U.K., plans to cut 900 jobs to reduce costs (an approximately 15% reduction). ...
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Ofgem Selects Retail Supplier To Serve Customers Of Failed Supplier
U.K. regulator Ofgem has appointed Utilita Energy Limited to take on supplying Our Power’s 31,000 domestic customers. This follows a competitive pro...
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Ofgem To Launch Review To Protect Retail Energy Customers Against Brokers
U.K. Regulator Ofgem is set to open a review of the retail energy market for small businesses, which will include a review of brokers, The Times repor...
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U.K.'s Ofgem To Assign Customers Of Another Failed Supplier
U.K. retail supplier Our Power, which has about 38,000 domestic customers, has ceased to trade. Ofgem will choose a new supplier to take on Our Power...
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Ofgem Appoints Retail Supplier To Take On Customers Of Economy Energy
U.K. regulator Ofgem has appointed Ovo Energy to take on supplying Economy Energy’s 235,000 domestic customers. "This follows a competitive process ...
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U.K. Ofgem To Assign Customers Of Failed Supplier
U.K. regulator Ofgem announced that it will choose a new supplier to take on the customers of Economy Energy, which has ceased trading Economy Ener...
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U.K. Default Service Price Caps Take Effect
With 2019, the U.K. begins implementation of price caps for customers on default tariffs (non-shopping customers), including standard variable (SVT) t...
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European Court Blocks U.K. Capacity Market
The Court of Justice of the European Union has blocked the U.K.'s capacity market construct The Court found that the European Commission (essentially...
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U.K. Regulator Issues Price Caps Proposals For Default Retail Supplier Plans
U.K. regulator Ofgem has released a price cap proposal which will apply to retail electric and gas suppliers' "default tariffs" On 19 July 2018, the ...
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Centrica Invests In Natural Gas Supplier
Centrica plc’s Energy Marketing & Trading business has agreed to acquire a 50% stake in Barrow Green Gas (“BGG”), described as the UK’s largest biome...
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Centrica To Deploy Blockchain Technology As Part Of Local Energy Market Trial
Centrica plc today announced a new trial to explore how blockchain technology could revolutionize the way consumers buy and sell energy. Delivered ...
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IKEA Offering Retail Electricity Supply
For United Kingdom customers, IKEA announced a partnership with broker/aggregator Big Clean Switch to offer a 100% renewable electricity supply plan (...
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