Centrica slams Ofgem after regulator hesitates over ringfencing June 20, 2022 Centrica boss Chris O'Shea has reignited calls for the ringfencing of consumer balances, and has urged Ofgem to speed up reforms.
Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Octopus enters race for collapsed supplier Bulb with eleventh hour bid June 11, 2022 Octopus Energy has made a last minute offer for Bulb Energy, establishing a three-way tussle for the UK’s seventh biggest energy supplier.
Octopus Energy joins bid for collapsed Bulb June 11, 2022 Octopus Energy has joined the bid to takeover collapsed energy provider Bulb. City A.M. understands from industry sources Octopus Energy is one of multiple suppliers interested in Bulb Energy. The supplier has maintained an interest in acquiring Bulb’s 1.6m customers since its collapse in November. People close to the matter have said British Gas’s owner [...]
Millions of UK households could face blackouts this winter due to war in Ukraine May 30, 2022 Millions of UK households could face blackouts this winter due to global shortages of natural gas caused by Russia’s war in Ukraine, the UK government has warned. As many as six million British households could be subjected to blackouts, if Russia makes further efforts to cut off the EU’s gas supplies, according to a Whitehall [...]
Exclusive: More than two firms remain interested in Bulb Energy’s customers April 25, 2022 At least one other energy firm is still open to taking on customers from Bulb Energy, but has ruled out a full takeover bid of the collapsed supplier.
Octopus Energy snaps up heat pump manufacturer as part of ambitious production plans April 13, 2022 Octopus has taken a controlling interest in Northern Irish firm RED, as it looks to boost its presence in the heat pump market.
Cabinet row over wind farms as 90 per cent of Brits say they’d live near a turbine March 28, 2022 A cabinet row about offshore wind threatens to destabilise the UK’s energy policy, as a new poll suggests 90 per cent of Brits would be happy to live near a wind turbine. Two ministers clashed over the approval of wind farms off the Suffolk coast, which would generate enough energy to power 1.2 million homes. [...]
Exclusive: Good Energy chief slams poorly run companies in worsening market crisis February 22, 2022 The energy crisis has been worsened by poorly managed energy firms and price competition, argues Good Energy boss Nigel Pocklington.
Octopus Energy faces £100m blow from market meltdown January 29, 2022 Octopus has warned it is facing a hefty bill from the energy crisis, as it absorbs the impact of the price cap and soaring wholesale costs.