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Reversing Bulb sale ‘could be chaotic’

Reversing Bulb sale ‘could be chaotic’

A decision to reverse the sale of Bulb to Octopus Energy could lead to a “chaotic” situation, a legal expert has told Utility Week. Despite facing the legal challenge Octopus has already onboarded a third of the Bulb customer base since completing the acquisition of its 1.5 million accounts in December. The three-day judicial review into the matter has now ended.

2 years ago

Masdar to invest £1bn in UK battery storage

Masdar has announced its intention to invest £1 billion in the UK battery storage market. It comes after the UAE government-owned firm acquired UK-based battery developer Arlington Energy

2 years ago

Claims of unlawful Bulb sale ‘without merit’, court hears

2 years ago

Ofgem resumes updating household consumption values

2 years ago

Ofwat calls out companies over financial transparency

Ofwat has set out expectations for water companies to boost the transparency in how they present financial resilience planning, including making it clearer to stakeholders how stress testing is carried out. Meanwhile dividend payments were queried for not fully reflecting broader performance

2 years ago

Increasing EPG would be a ‘catastrophe’

2 years ago

Collapsed Britishvolt bought by Australian firm

UK battery developer Britishvolt has been acquired by Australian startup Recharge Industries. The sale revives plans to build a £3.8 billion gigafactory in Cambois, Northumberland. If built it will be the UK’s first gigafactory.

2 years ago

Energy price cap to fall by £1,000

2 years ago

Octopus to accuse Bulb rivals of rewriting history

2 years ago

Distributed energy: Press accelerate to win the smart energy race

2 years ago

Underperforming BSC parties to be named and shamed

2 years ago

There may be trouble ahead

2 years ago

Drax to end gas retail business

2 years ago

UK low-carbon investment set to be blown off course

2 years ago

UK faces £62bn green investment shortfall

2 years ago

January sees record EBSS redemption rates

2 years ago

Weekend press round-up: Japanese owners put SES Water up for sale

The Japanese owners of SES Water are reportedly putting the business up for sale due to their reluctance to inject fresh equity into the highly-geared company. Meanwhile, Grant Shapps, head of the newly-formed Department for Energy Security and Net Zero, discusses his plans to make British energy the cheapest in Europe. This and more in Utility Week’s latest round-up of the weekend’s papers.  

2 years ago

Strong nuclear output sees EDF post £1 billion UK profit

2 years ago

British Gas results show energy supply still a ‘tough business’

2 years ago

O’Shea refuses to rule out bonus following record Centrica profits

2 years ago

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