Centrica’s adjusted profit has soared by 112%, jumping from £447 million to £948 million following the surge in oil and gas prices.
Supplier Utility Warehouse is to pay £1.5 million into Ofgem’s voluntary redress fund after failing to consistently treat customers fairly.
Good Energy has seen its gross profit increase by 19.4% during the first six months of 2021, growing to £17.7 million.
A third UK energy supplier has now ceased to trade this year, with Hub Energy announcing that it is shuttering.
Octopus Energy saw its revenue grow +160% in the fiscal year 2019/2020, jumping from £477 million to £1.24 billion.
Bulb’s revenues are up 85%, helping to reduce its operating losses to £59 million as its customer base surges.
Octopus Energy has surged past the two million customers mark, offering the milestone customer a year of free energy to celebrate.