financial results

Origin ‘upgrades’ FY2023 energy market outlook due to strong contribution from Octopus Energy. Image: Octopus Energy.
May 12, 2021

Octopus Energy sees 160% jump in revenue but still records loss due to ‘relentless investment’

​Octopus Energy saw its revenue grow +160% in the fiscal year 2019/2020, jumping from £477 million to £1.24 billion.
Octopus Energy secured Bulb's services in December 2022. Image: Bulb.
March 12, 2021

Bulb's losses narrow as its customer base continues to surge

​Bulb’s revenues are up 85%, helping to reduce its operating losses to £59 million as its customer base surges.
Centrica's profit hit £3.308 billion due to gas and nuclear. Image: Centrica.
February 25, 2021

Centrica sees record profit drop of 31% in 2020

​British Gas owner Centrica saw its adjusted operating profit fall 31% in 2020, a record low according to its preliminary results.
Image: Iberdrola.
February 25, 2021

Iberdrola lauds record investment as net profit continues growth

​Iberdrola has reported continued growth of its net profit to €3.61 billion in a year that saw over 90% of its investments injected into renewables and networks.
Two of Drax's coal units began to warm following the call from National Grid ESO. Image: Drax.
February 25, 2021

Drax drops plan for Europe’s largest new gas plant as it turns its back on fossil fuels

​Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
Image: EDF.
February 18, 2021

EDF records 'solid' financial results as renewables generation remains strong

​EDF has recorded what it has described as "solid" financial results as its renewable generation has soared by 6.3%.
Image: Alfen.
February 17, 2021

Alfen continues strong EV charging growth with 105% increase in 2020 revenues

​Alfen has posted its FY 2020 results, with its electric vehicle (EV) charging business continuing to see a significant increase as revenues jump 105%.
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February 2, 2021

SSE on 'strong strategic footing' despite COVID-19 impact of around £200m

​SSE is continuing to expect the impact of COVID-19 to sit between £150 million and £250 million.
Image: OVO.
January 11, 2021

OVO Group posts £106m loss in 2019, sees revenue from smart meter installations decline

OVO Group has said its 2019 results are “in line” with its financial plan despite recording a loss of £106 million for the year.
Image: Shell Energy.
December 21, 2020

Shell Energy posts £32m loss as ‘unsustainable pricing’ draws customers away

​Shell Energy has posted an almost £32 million loss for 2019, pointing to falling customer numbers as competition in the sector remains strong.

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