Challenger supplier OVO Energy has been appointed by Ofgem to take over Economy Energy’s 235,000 customers following the supplier’s collapse earlier this week.
Our re-cap of the year continues with the biggest stories in July and August, as the country’s smart meter roll-out is described as a car crash and independent energy suppliers ramp up investment.
We continue our run-down of the most significant stories of the year, today taking a look back at March and April, which saw Ofgem unveil its overhaul of network incentives and major moves from some of UK energy’s biggest players.
OVO Energy has boosted its customer base to over one million after taking on 290,000 additional customers from Spark Energy, which has also seen its operating company bought as a standalone business.
Industry regulator Ofgem has opened compliance investigations into First Utility, OVO Energy and Utilita – three of the largest energy suppliers outside of the Big Six.