Challenger supplier OVO Energy has been appointed by Ofgem to take over Economy Energy’s 235,000 customers following the supplier’s collapse earlier this week.
Our re-cap of the year continues with the biggest stories in July and August, as the country’s smart meter roll-out is described as a car crash and independent energy suppliers ramp up investment.
We continue our run-down of the most significant stories of the year, today taking a look back at March and April, which saw Ofgem unveil its overhaul of network incentives and major moves from some of UK energy’s biggest players.
OVO Energy has boosted its customer base to over one million after taking on 290,000 additional customers from Spark Energy, which has also seen its operating company bought as a standalone business.
Industry regulator Ofgem has opened compliance investigations into First Utility, OVO Energy and Utilita – three of the largest energy suppliers outside of the Big Six.
Clean energy supplier and self-professed energy technology firm OVO Energy has unveiled an investment in German energy provider 4hundred as it bids to launch a European expansion.
Households would be stopped from saving over £200 each under current market rules, owing to the lack of a route to market for residential flexibility in accessing grid balancing revenue streams, according to a new study.
Consumers can save an average of £273 by switching to a green supply from a standard variable tariff (SVT) offer by the Big Six energy suppliers as the rise in renewable electricity has meant going green has never been more affordable.
