financials

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.

January 14, 2021

Centrica hit by 15% drop in electricity demand among UK business customers

British Gas owner Centrica said electricity demand among its UK business customers was down by around 15% in the second half of 2020.

October 9, 2020

Centrica takes controversial ‘fire and rehire’ process off the table until at least 2021

Centrica has pushed back its controversial ‘fire and rehire’ plan to January 2021, in an effort to focus on negotiations and avoid strike action.

August 26, 2020

EV segment proves particularly resilient as Alfen posts strong results

Alfen has posted significant increases in its smart grid, energy storage and electric vehicle (EV) charger solutions segments according to its most recent financial results.

August 5, 2020

Nottingham City Council covers beleaguered Robin Hood Energy’s £24m debt

Nottingham City Council has written off its energy supplier Robin Hood Energy’s £24 million debt.

July 30, 2020

Drax posts 'robust' results despite £44m COVID-19 hit

Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.

July 23, 2020

Iberdrola profits continue to climb despite €153 million ‘adverse impact’ of COVID-19

International utility Iberdrola has seen its net profits increase by 12.2% in the first half of the year despite a 13.6% downturn in Q2.

March 27, 2020

Robin Hood Energy posts £23.1m loss in ‘very disappointing’ results

Robin Hood Energy confirmed this week that it lost £23.1 million in the year April 2018 to March 2019.

February 26, 2020

Iberdrola’s net profit surges by 13% on the back of strong renewables and network performance

Spanish energy giant Iberdrola saw increases in profit across all of its markets in 2019, including in the UK.

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