Macquarie is to focus on the residential metering sector following the divestment of Cortex Metering Solutions (CMS), its industrial and commercial (I&C) smart meter portfolio, to Energy Assets Group.
Ofgem has outlined concerns over some suppliers potentially using surplus customer credit balances to fund "otherwise unsustainable business practices".
British Gas Evolve has been appointed to take on Simplicity’s customers, while EDF takes on Green Network Energy’s, following the collapse of the two small suppliers last week.