The energy retail space is “ripe for disruption” and new entrants stand to overhaul the sector in the coming years, a panel has concluded.
Shell Energy is to acquire UK-based energy supplier Green Star Energy, bolstering its existing customer base.
The Big Six need to get a grip of technological evolutions and must be prepared to collaborate with new partners to do so, or risk getting left behind.
A new contender is set to enter the UK retail market as the Mayor of London , Sadiq Khan, and Octopus Energy revealed the launch of London Power.
OVO Energy is boosting its tech credentials with the appointment of two new senior hires.
Portsmouth City Council is to close its would-be energy supply division Victory Energy after it failed to find a buyer.
Centrica and E.On, two of the UK’s largest energy retailers, have lamented the challenging UK retail market in trading updates issued this morning.
SSE is to consult on more than 400 redundancies within its retail arm, citing increasing competition and spiralling costs.
Centrica has warned that it will face “some pressure” next year as Ofgem’s price cap bites, sending shares plummeting in early morning trading.