Liam Stoker takes a look at recent rumours and stories surrounding the UK’s energy retail market, and what they might spell for both the Big Six and the market in general.
OVO Group is in discussions with SSE to acquire its UK-facing energy supply business, it has been revealed.
E.On has ramped up its renewable offering, committing to providing 100% renewable energy to all of its residential customers.
Having dominated the energy supply market since it was privatised in 1990, UK energy retailers have witnessed their market share slide from north of 99% to 75%, and that rate only looks to increase. In the first of a series of long read articles to be published over the summer examining how the energy transition is impacting the supply market, Liam Stoker investigates the role home solar and storage systems are playing.
Writing for Current± Stephen Cirell warns over the risks of the Big Six becoming the Big 10 or 12, and why the civic option for energy supply cannot be taken off the table as supply market volatility continues.
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.
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.
Global utility majors continue to optimise for clean power sector as UK Enhanced Frequency Response (EFR) battery project nears completion.
The UK energy sector’s level of engagement with consumers lags significantly behind that of other industries.