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What is the biggest challenge facing UK utilities this year? Utility retailers in the UK
5 years ago
Ofgem has announced the mutualisation ceilings for the 2019-20 obligation period are £293,831,481.82 in England and Wales, an increase of £9.3 million on the year previously.
Ofgem has warned that if the company fails to improve its "poor customer service" it could result in the revocation of its supplier licence.
SSE has become the sixth and final large supplier to announce it is raising its standard variable tariff (SVT) to Ofgem’s revised price cap level.
Centrica has announced it has delivered “mixed” financial results for 2018 today (21 February).
Challenger brand Igloo Energy has announced it has secured over £600,000 in its latest round of funding on crowdfunding platform Seedrs.
Big six energy provider Scottish Power has announced today (20 February) its business results for 2018 were up 187 per cent.
Scottish Power has become the fifth big six supplier to announce it is raising its standard variable tariff (SVT) in line with the revised Ofgem price cap.
British Gas has become the fourth and largest big six supplier so far to raise its standard variable tariff (SVT) to the revised Ofgem level.
Almost 400,000 electricity customers switched supplier in January this year, an increase of 5 per cent on the same time last year.
Over 17,000 people died last year as a result of cold housing conditions, figures from the charity National Energy Action (NEA) and climate change think-tank E3G reveal.
EDF Energy has posted a £172 million loss to its operating profit for the year ending 2018 as well as a loss of 200,000 customers.
Bristol Energy has announced it has procured a one-year contract to supply Bristol City Council with power for the next year.
Orbit Energy has introduced a tracker tariff for its customers which, the company says, will always remain 10 per cent below the price cap.