Octopus Energy handed £13.2 million to cover Iresa debts as tenth supplier goes bust
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.
Articles tagged with: supplier
OVO Energy to take on Economy Energy customers
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 reports meteoric rise in members, revenues, but loss widens ten-fold
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 picks up 22,000 more customers with Affect Energy deal
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.
Bulb lands £60 million investment to strengthen energy tech team
Renewable supplier Bulb has secured a £60 million investment as it bids to strengthen its energy tech teams and target further growth.
Ofgem opens the door to ramped-up supplier licence conditions
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 add to new supplier top table with CFO designate
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.
Ofgem to close green tariff cap loophole
Energy regulator Ofgem has confirmed plans to close the ‘loophole’ surrounding green tariffs that would have exempted them from the looming price cap.