Ecotricity’s upped offer for Good Energy has led shareholders to sell just 2.5% of shares.
Ofgem has revoked the electricity supply licence held by Nabuh Energy over unpaid debts.
ESB Energy has taken a 75% stake in challenger energy supplier So Energy, with the two businesses to merge under the latter’s brand.
Ecotricity has made a cash offer for Good Energy, valuing the company at £45.3 million excluding the shares it already owns, or £59.6 million when included.
Good Energy has launched a new electric vehicle (EV) tariff, offering two overnight off-peak periods to charge at a cheaper rate.
Good Energy has branded Ecotricity’s potential acquisition as a “highly opportunistic approach” following the latter making three indicative offers for the company.
Ecotricity is to potentially make a bid for Good Energy, having made three indicative offers in the past month.
Octopus Energy has announced a white-label partnership with Ebico, providing renewable electricity for its customers.
OVO Energy is to expand its current electric vehicle (EV) offering as it launches OVO Drive, with Tonik Energy co-founder Chris Russell to helm the division.