Victims of forced prepayment meter installation to receive £18.6m Politics Tens of thousands of Brits are set to receive compensation after being forced to install prepayment devices in their homes. Eight energy suppliers will be writing off debts or providing compensation – valued at a total of £18.6m – to at least 40,000 consumers. This follows a review by Ofgem, the national energy regulator, which [...]
Ovo Energy buys brand from billionaire founder in £150m deal Energy Ovo Energy has bought its brand from the company’s billionaire founder in a £150m deal. The Bristol-based firm, which is the country’s fourth-biggest household energy supplier, has made the move as part of a wider reorganisation. It was reported last Summer that Ovo Energy was close to hiring bankers to explore fundraising options which could [...]
Ovo Energy mulls sale as bankers set to be brought in Business Ovo Group, the UK's fourth largest energy supplier, may be bringing in bankers to explore possibilities including new investors or a sale.
Starling Bank poaches Big Six energy boss ahead of planned London listing March 12, 2024 Digital challenger Starling Bank has appointed OVO boss Raman Bhatia as its permanent chief executive, taking over from interim CEO John Mountain.