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Challenger brand Effortless Energy has entered level two credit default. According to the Balancing and Settlement Code administrator Elexon, the company entered default yesterday morning (30 July) and at the time of writing has still not cleared.
5 years ago
In the latest in our Customer Centric interview series Adam John speaks to Mark Royle, co-founder and chief executive of Manchester-based Zebra Power. From ensuring a swift response to enquiries to making every effort to retain its young workforce, Royle tells Utility Week about the secrets to their success.
Moody’s has changed its ratings outlook for Centrica from stable to negative, following the British Gas owner’s decision to sell its North American retail business. The ratings agency said the reduction in diversification and scale will leave the group with more risk.
Ofgem has unveiled a series of measures designed to protect millions of microbusiness customers from “unscrupulous” energy brokers, as well as enabling smoother switching. The announcement follows Ofgem’s review of the microbusiness energy market which it started last year.
SSE has appointed John Manzoni to succeed Richard Gillingwater as chair of its board, the energy company has announced. Manzoni, formerly chief executive of the civil service and permanent secretary to the cabinet office, will take on the role from 1 April 2021.
Good Energy founder and chief executive Juliet Davenport has joined the board of the Crown Estate. Robin Budenberg, chairman of the Crown Estate, said Davenport’s knowledge of the renewable energy sector will be “invaluable”.