Ofgem stops short of ringfencing requirements for customer balances November 25, 2022 Ofgem has announced further measures to toughen up energy markets and ensure suppliers are financially resilient.
Cost of bailing out failed firm Bulb Energy balloons to £6.5bn November 17, 2022 Bulb Energy's inglorious year-long stint in special administration has cost £6.5bn, according to the latest reports from the OBR.
Octopus pushes for Bulb deal after approval delayed by rivals’ intervention November 11, 2022 Further delays in the sale of Bulb Energy are not in the interests of customers or the British taxpayer, argued incoming buyer Octopus Energy.
Bulb deal signals energy sector shift as Octopus boosts customer base October 30, 2022 Octopus has wrapped up a deal for Bulb. Here, City A.M. recounts the bidding war and what it means for the energy sector.
Exclusive: Rival firm urges Octopus and Ovo to ringfence Bulb’s customers October 25, 2022 A rival supplier has slammed the two prospective bids for fallen firm Bulb Energy, labelling them a “significant risk to all energy bill payers.”
Scottish Power calls for Bulb auction to be scrapped and restarted October 24, 2022 Scottish Power has slammed the Government's handling of the sale of Bulb accusing them of distorting competition in the energy sector.
Bulb bidder Ovo Energy was on Ofgem’s nationalisation watchlist October 23, 2022 Ofgem was preparing for the potential nationalisation of Ovo Energy this summer, with the supplier considered at risk of failure.
Heads of nine key energy firms warn bill ‘threatens to undermine’ regulation in sector October 21, 2022 The heads of nine major energy companies have voiced “increasing concern” about a bill which “threatens to undermine strong, independent” regulation of the sector. In a strongly-worded letter to Jacob Rees-Mogg MP Secretary of State for Business, Energy and Industrial Strategy (BEIS), they urge the government to rethink measures Energy Prices Bill. The bill is [...]
The Italian Job: Octopus announces joint green energy venture with Nesta October 19, 2022 Octopus Energy Generation has continued its expansion plans into Europe, deepening its role in Italy’s green power market.
Octopus edges toward Bulb takeover as £4bn saga nears its end October 8, 2022 Octopus is edging closer to taking over fallen rival Bulb, bringing to an end the biggest state bailout since RBS in 2008.