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5 years ago
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.
With Ofgem recently publishing its framework for assessing whether effective competition exists to remove the price cap, industry experts have voiced their concerns about the smart meter rollout being an indicator of success. A legislative “sunset clause” stipulates the cap will end in 2023, but some commentators remain sceptical.
Ovo has posted its financial results for 2018. The company also revealed it had over a million customers on its books.
As a result of the deal a new board of directors will be created for Together Energy. As well as this, 30 new jobs are set to be created in the Cheshire town.
Shell Energy Retail has acquired Hudson Energy Supply, including its domestic retail arm Green Star, for “up to £10.5 million”. Green Star currently supplies 200,000 UK customers
The energy sector must use the smart meter extension to fix the flaws that have dogged the rollout so far and make sure consumers are properly engaged, according to Citizen's Advice
Launching the annual State of the Market report, Ofgem chairman Martin Cave warned that standards must not be lowered for proposals even if they are progressing the decarbonisation agenda. He stressed that offloading the costs of net-zero onto vulnerable customers could undermine public support in tackling climate change.
The annual healthcheck of the sector found that while overall customer complaint numbers are “relatively stable”, there have been big increases in relation to small suppliers. The report also set out the latest shifting of the landscape in terms of market share, with both the largest and smallest players being squeezed.
Southampton-based Igloo Energy has annoucned the launch of its smart home services business, Igloo Works. Customers will be able to access a variety of technologies such as EV charging and hybrid heating.
The supplier was one of four named as owing Ofgem more than £14 million in Renewables Obligation. The regulator said Robin Hood had provided no assurances it would pay its £9 million but the company told Utility Week an agreement had already been reached with Ofgem. Toto Energy also responded to the 'name and shame' announcement.
Ofgem has revealed the four suppliers who failed to meet the first deadline to pay their Renewables Obligations (RO), leaving them owing a total of £14.7 million.