Electricity retail

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Octopus Energy partners with Sadiq Khan to create London Power

Challenger energy supplier Octopus Energy has secured an agreement with the mayor of London to create a new energy provider. London Power will be available to customers from December.

6 years ago

Revised smart meter deadline a ‘step into reality’

One of the UK's largest smart meter installers has said the government's decision is a long overdue recognition of a situation that had already been accepted by the sector.

6 years ago

Eon/ Npower deal given green light

Eon's acquisition of the majority of shares in Innogy will eventually see big six supplier Npower absorbed into the group. The European Commission gave the deal the green light on Tuesday.

6 years ago

Smart meter rollout at ‘breakeven’ point

Alongside its decision to extend the smart meter rollout deadline to 2024, BEIS has published its 2019 cost benefit analysis of the scheme. The government has said the rollout is now at a "breakeven" point.

6 years ago

EU decision on Eon/ Npower deal expected this week

The European Commission is set to announce its decision on Eon's acquisition of the majority of shares of Innogy this week. As part of the deal, Eon would take over Npower in the UK, taking the big six to a big five.

6 years ago

Smart meter deadline to be extended to 2024

6 years ago

British Gas finds 26,000 ‘unsafe appliances’ in customer homes

The energy giant found the potentially dangerous equipment during routine smart meter installation safety checks. The most common faults were found in boilers and old cookers.

6 years ago

Price of SSE deal with Ovo is ‘too low’

An industry analyst has told Utility Week he believes cost per account of the proposed deal between SSE and Ovo Energy undervalues the former's retail arm.

6 years ago

Ovo to use SSE brand following transaction

SSE has agreed a deal with Ovo Energy to sell its retail arm to the challenger supplier for £500 million. Ovo has given an update on the transitional period following the proposed deal with SSE.

6 years ago

Questions remain over future of SSE’s retail leadership team

Katie Bickerstaffe was announced as the executive chair of SSE Energy Servcies earlier this year. Following last week's deal, her future role remains unclear.

6 years ago

Five energy suppliers ‘expected to fail’ in Q4 2019

Industry experts say five companies are at 90 per cent risk or higher of failing in Q4 2019. This is in addition to the six who have already exited the market this year.

6 years ago

Ovo buys SSE’s retail arm for £500m

The deal, which will see all 8,000 employees at SSE Energy Services transferred to Ovo, is expected to complete later this year or early 2020. It means Ovo will become the UK's second-largest energy supplier.

6 years ago

Dale Vince launches Brexit legal challenge against Boris Johnson

The founder of Ecotricity, Dale Vince, has brought a legal case against the prime minister. Vince told Utility Week he would fund the case, which would cost "not much, a couple of tens of thousands of pounds".

6 years ago

Ofgem delays decision on electricity settlement reform

6 years ago

Vulnerability Registration Service launched for utility customers

The service will help people who consider themselves to be financially vulnerable and in need of help to register their details online, free of charge. It will also indicate to businesses that these customers need sensitive handling.

6 years ago

Low-carbon technologies struggling to scale up

6 years ago

Ovo Energy appoints technology director

Challenger supplier Ovo Energy has announced it has hired a new chief technology officer from Hotels.com. The medium-sized retailer has also appointed a new product director.

6 years ago

Warrington Council to buy 50% stake in Together Energy

Warrington Borough Council looks set to be the latest local authority to enter the energy retail market. It has recently recommended purchasing a 50 per cent stake in Scottish company Together Energy.

6 years ago

Utilita appointed as SoLR for Eversmart Energy

Eversmart was revealed to have had a winding up petition filed against it by National Grid last week. The company exited the energy market on Friday (6 September).

6 years ago

Energy Ombudsman sees increase in small supplier complaints

The dispute resolution service said there had been a "gradual shift" in the kind of companies complaints are being directed at over the past few years. Matthew Vickers, chief executive at the Energy Ombudsman, also said the service had lost a significant amount of money owed by suppliers exiting the market.

6 years ago