Clean energy supplier and self-professed energy technology firm OVO Energy has unveiled an investment in German energy provider 4hundred as it bids to launch a European expansion.
Centrica has appointed former BP CFO Richard Hookway chief executive of its business division, where he will head up the company’s distributed energy and power (DE&P) activities in the UK as part of his responsibilities.
Good Energy has reported a surge in operating profit for the first half of 2018 as it narrows in on a brand relaunch and enhanced digital offering.
Utility SSE has warned that its H1 profit for 2018/19 will fall by around half year-on-year against a backdrop of warm, still weather.
Octopus Energy has secured 22,000 additional customers after completing the purchase of Affect Energy on Friday last week for an undisclosed, seven-figure sum.
The merger between SSE’S retail energy business and Npower has been provisionally approved by the Competition and Markets Authority (CMA) after it was found that the deal would have little impact on pricing or consumer choice.
The carbon intensity of the UK’s power grid fell below the targets set for 2030 over the bank holiday weekend, as high levels of wind generation led the way for low carbon sources to meet significant levels of overnight demand.
Consumers can save an average of £273 by switching to a green supply from a standard variable tariff (SVT) offer by the Big Six energy suppliers as the rise in renewable electricity has meant going green has never been more affordable.
Battery assets have been used in the Balancing Mechanism for the first time via a virtual power plant, marking the start of a new era in energy storage revenues in the UK.