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The Energy Ombudsman says the figure almost matches the total for the whole of 2018. Toto Energy is the eighth supplier of 2019 to exit the market.
4 years ago
The Brighton-based company only recently acquired the customers of Solarplicity. It was also named by Ofgem as owing £4.5 million in renewables obligation (RO) payments.
Robin Hood Energy was named by Ofgem as one of four suppliers which failed to make its payment on time. The supplier told Utility Week it wanted to set up a monthly payment plan with the regulator.
Utility Week spoke to Good Energy founder Juliet Davenport and Ofgem's Mary Starks on the regulator's proposals for tougher checks on suppliers, and why the companies that will be impacted are "either being unscrupulous or just incompetent"
The latest electricity switching figures show the highest number of customers moving to the large suppliers since Energy UK began recording the data. In percentage terms it amounted to 16 per cent of switches, compared to 12 per cent in August and 11 per cent last September.
Under new proposals energy retailers would have to pass a test on their fitness to operate at certain customer thresholds, or be banned from taking on more. New measures would also be brought in to minimise the impact of mutualisation. Utility Week looks at the details and gauges reaction.
Swedish firm Eliq and Bristol Energy are developing technology to improve its app and provide an energy advisory service. The funding awarded is part of BEIS' £6.25m SENS competition.
Following its acquisition of a minority stake in Renewable Exchange, Ovo has talked about its wider strategy for further growth.
Ofgem is investigating whether a further licence condition has been breached. The energy regulator began investigating the supplier over how it manages customers in debt last year.
Ovo has made a series of investments since Mitsubishi acquired a 20% stake in February. As part of this deal, Steven Ackroyd, Ovo’s director of business development, will be appointed to the board of the digital marketplace.
Rutherford Energy became the seventh supplier of 2019 to cease trading earlier this week. The switch over will take place on Saturday.
5 years ago
Octopus Energy has acquired a home energy management platform to drive automation for its customers. The challenger energy brand has also taken on the tech firm's CEO.
Renewable energy supplier Good Energy has launched a trial of its business EV chargers in Cornwall. Learnings from this trial will be used when the company rolls out the platform nationwide.
In response to a Utility Week piece regarding the future of the energy price cap Greg Jackson, chief executive of Octopus Energy, makes the case for a permanent price cap. He cites the comparison with the minimum wage and its effect on employment.
Rutherford, which traded under the name Uttily, supplied 280 business customers. Its parent company Uttily plc, which had commercial arrangements in place with a number of suppliers, has also ceased to trade.
The classification from the London Stock Exchange recognises companies which significantly contribute to the green global economy. Companies are given greater visibility to investors who are interested in funding green economy activities.
Octopus Energy chief executive Greg Jackson has talked about the challenges of integrating the 300,000 customers the company acquired from Co-Op Energy in August.