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2 years ago
Octopus Energy has migrated one million former Bulb customers on to its systems in under three months. The milestone has been reached ahead of a high court ruling into claims by rival retailers that Octopus was given preferential treatment during the sale of Bulb.
Increasing capital costs associated with renewable energy projects risks making some schemes financially unviable. The warning comes following the announcement that the government has set a budget of £205 million for the first annual Contracts for Difference (CfD) allocation round.
United Gas & Power (UGP) has been hit with a £2.1 million financial penalty for multiple breaches of its licence conditions. A two-year investigation by Ofgem concluded that UGP deliberately overcharged customers, did not return credit balances owed to former customers and repeatedly failed to properly communicate at time of contract renewal.
Water UK has announced that former Labour MP Ruth Kelly has been appointed as the trade association’s new chair. Kelly replaces Anthony Ferrar who has concluded his three-year term that he has held since April 2020.
The REUL Bill has the potential to significantly impact the energy sector affecting investment and business planning. Osborne Clarke partner Simon Hobday and senior associate Griffin O’Rourke explore the intricacies of the bill and the work needed to do before it is passed.