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Utility Week speaks to Good Energy founder Juliet Davenport about the company's success in targeting the business supply market and the "sticking point" of price in the domestic sector.
5 years ago
The regulator has announced how much it will allocate to Together Energy for its supplier of last resort costs in taking on 36,000 former One Select customers - falling short of the total amount requested.
The Data Communications Company (DCC) has announced that 2 million SMETS2 smart meters have been installed. SMETS2 devices are expected to iron out the issues faced by customers with first-generation (SMETS1) devices.
Octopus Energy has expanded further into the global energy market with the acquisition of a German green energy supplier. Utility Week speaks to Greg Jackson, Octopus' chief executive, about the deal and the strategy behind it.
An urgent solution is needed to finding a low-carbon heat source for the 85 per cent of UK households still relying on fossil fuel-based natural gas. While hydrogen boilers and electric heat pumps are among the potential solutions, ken Hunnisett argues that district heating schemes are a proven technology ready to be deployed.
Despite increased levels of switching among energy suppliers recently, research has found customers across the utilities sector to be mostly loyal to their provider. Oliver Disney, commercial director of 383 Project, said the switching trend could be heading towards a "significant roadblock."
Eversmart Energy has recently had a winding up order petition filed against it by National Grid. Ofgem is now looking for a supplier of last resort (SoLR) to take on Eversmart's customers.
Ofgem's quarterly customer perception survey shows a change in the number of people reporting satisfaction with their energy supplier as well as further movement in awareness of the price cap.
The Manchester-based supplier was previously revealed to have failed to pay its renewables obligation (RO) to Ofgem on time. Eversmart confirmed in April that it had paid off what it owed in installments to the regulator.
Much has been written about the impact of mid-tier challengers such as Ovo, Octopus and Bulb on the established players’ market dominance. But how sustainable are these disruptors, especially if wholesale prices rise sharply? Utility Week gets the views of experts, including Paul Massara.
Big six supplier EDF energy was shown as being in credit default in the early hours of Saturday morning. EDF has since confirmed that the default was caused by an "administrative issue" which has since been resolved.
The deal struck between Octopus and Co-op Energy will see the former acquire 300,000 more customers, with Co-op Energy retaining the brand. Industry sources have told Utility Week that the deal could be valued at between £30 and £60 million.
The deal, which was for an undisclosed sum, sees Co-op's customer base triple from 300,000 to 1 million.
The challenger brand, which is believed to be bidding for SSE's retail arm, has revealed it is closing its white label brands this summer due to its communities model proving "difficult to scale". The supplier said "profound changes" in the energy market over the past five years had impacted Peterborough Energy, Fairerpower and EnergySW.
The challenger supplier's interim managing director has been given the role on a permanent basis, as the company hits the milestone of 100,000 customers.
