Supply

Shell has agreed to purchase First Utility in a move which will see the petrol giant enter the UK domestic supply market.

Innogy has confirmed its chief executive Peter Terium has left the company with immediate effect, just days after it was forced into issuing a profit warning

Flexitricity is bidding to take end users into National Grid’s Balancing Mechanism by seeking a supply licence.

Scottish & Southern Electricity (SSE) has said the merger of its supply arm with npower’s will bring about a “completely new model” for the UK supply market.

Citing significant developments in the fields of decentralised generators, smart meters and big data, Ofgem has launched a consultation which could bring about the end of the conventional ‘supplier hub’ model in the UK.

Innogy is doubling down on its vision for growth in decentralised generation and new grid infrastructure as it prepares to “rigorously implement” its new strategy.

The Department for Business, Energy and Industrial Strategy has launched a new call for evidence (CfE) over the cost of energy on the back of recommendations put forward in the Helm review.

UPDATE: SSE and innogy owner nPower have confirmed that, subject to Competitions and Markets Authority (CMA) approval, the two companies are to merge to create "a major new independent competitor in the energy and home services market".

Engie has agreed to divest its last remaining stakes in UK thermal as it continues to transform itself into a low carbon power company.

The traditional ‘supplier hub’ model of energy supply in the UK may “break down” as the UK power market continues to become more decentralised, Ofgem has warned.