A new energy company is offering customers the chance to reduce their carbon footprint by investing in UK wind farms.
Octopus Energy has been awarded just over £13 million to cover the debts of defunct supplier Iresa Energy as a tenth energy retailer went bust.
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.
Bulb has reported significant growth in members and revenue, but also its financial loss, as the supplier backs its brand of “sustainable growth” to continue into 2019.
Octopus Energy has secured 22,000 additional customers after completing the purchase of Affect Energy on Friday last week for an undisclosed, seven-figure sum.
Renewable supplier Bulb has secured a £60 million investment as it bids to strengthen its energy tech teams and target further growth.
Ofgem has opened the door for more stringent financial and consumer service-related licensing standards, potentially making it tougher for prospective energy suppliers to enter the market.
SSE and innogy have continued to make top-table appointments to their would-be merged supply entity, identifying a chief financial officer designate.
David Hill, commercial director at Open Energi, takes a look at the nascent ‘Energy as a Service’ business model and how the supply innovation could allow the energy transition to take hold.