Octopus Energy has launched what it calls the UK’s first ‘transparent’ tariff which provides customers with a daily update of wholesale gas and electricity prices, adjusting the price they pay accordingly.
A new digital energy company is seeking to undercut traditional ‘Big 6’ companies with a renewable supply offer delivered “at cost” offering both carbon and financial savings to customers.
Nearly two-thirds of UK businesses are significantly concerned by energy utilities’ approach to data security and would switch if they fell victim to a cyber attack, PricewaterhouseCoopers research has found.
More than a quarter of non-domestic properties in the UK now have smart or advanced meters installed by their utility, however there remains a considerable amount of work if the residential market is to hit its 2020 target.
Wirral Council has announced plans to become the latest local authority to set up its own energy company and will likely seek an established licensed supplier to offer gas and electricity under its own brand, dubbed ‘Wirral Energy’.
‘Big Six’ energy utility SSE has sought to reassure customers after a smart meter software upgrade caused some displays to show daily bills worth thousands of pounds.
