Energy retail

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Octopus chief: ‘We could have made a profit’

Octopus Energy boss Greg Jackson has insisted his company could have made a profit last year but said that “now’s not the time”, after the retailer posted a £161 million loss. The supplier said the loss was due to its decision to absorb millions of pounds in wholesale costs to keep its standard tariff low, taking a hit to its revenue and profit in the process.

2 years ago

Shell offers prizes to tempt customers to reduce demand

2 years ago

Brearley rejects industry bid to shift blame over PPMs

2 years ago

Retailers frustrated with Shapps’ failure to engage

2 years ago

Utilities sectors leading the way in supporting vulnerable customers

2 years ago

Smart PPM disconnections up one third following price cap hike

The number of smart pre-payment meter automatically disconnected by their supplier shot up by a nearly a third between the first and third quarters of last year, the energy minister has admitted.

2 years ago

Weekend press round-up: Octopus Energy calls rivals ‘desperate’ in bitter court clash

In our latest weekend press round-up, Octopus Energy trades blows with its rivals over its deal to buy Bulb’s customers, while experts raise concerns about the UK’s continued dependence on overseas power supplies. In the water sector, it is revealed that both Thames and Severn Trent Water still use dowsing to detect leaks.

2 years ago

Has energy retail become uninvestible?

2 years ago

Task force needed to accelerate social tariff design

2 years ago

Consumers want flexibility watchdog

2 years ago

Minister admits bills support will be delayed

2 years ago

Questions raised over Ofgem’s legal powers to ban forced PPM installs

2 years ago

Shell mulls future of UK retail business

2 years ago

Supplier fined for deliberately missing RO deadline

2 years ago

Millions of smart meters risk going dumb during 3G switchoff

2 years ago

Satisfaction with utilities slips to 8-year low

2 years ago

Suppliers blast government over EBSS ‘name and shame’

2 years ago

On the Move: Michael Lewis to join UU

2 years ago

ESO contracts 800MWh of flexibility in first live DFS auctions

2 years ago

Weekend press round-up: Energy suppliers urged not to force customers onto PPMs

This week's round-up of national news from the weekend includes energy suppliers being urged to stop "forcing" customers onto prepayment meters amid calls to name and shame those companies that compel users to move to these tariffs. Elsewhere the Bulb Octopus deal is set to pay a handsome return to the Treasury; EV battery production in the UK is called into question; and Severn Trent's boss Liv Garfield is tipped for the top job at Vodafone

2 years ago