E.ON has managed to turnaround its operations in the UK and is expected to recover faster than originally anticipated, it said in its full year results for 2020.
Bulb’s revenues are up 85%, helping to reduce its operating losses to £59 million as its customer base surges.
British Gas owner Centrica saw its adjusted operating profit fall 31% in 2020, a record low according to its preliminary results.
British Gas owner Centrica said electricity demand among its UK business customers was down by around 15% in the second half of 2020.
Centrica has pushed back its controversial ‘fire and rehire’ plan to January 2021, in an effort to focus on negotiations and avoid strike action.
Nottingham City Council has written off its energy supplier Robin Hood Energy’s £24 million debt.
Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.
International utility Iberdrola has seen its net profits increase by 12.2% in the first half of the year despite a 13.6% downturn in Q2.
Robin Hood Energy confirmed this week that it lost £23.1 million in the year April 2018 to March 2019.