Eon doubles revenues, but Npower pushes UK business into loss
Eon doubled group first quarter revenues after bringing Innogy into the fold. Revenues stood at £15.6bn with earnings up 34 per cent to £1.29bn.
However,...
Eon and Npower’s industrial and commercial businesses to merge
Eon and Npower's business energy supply units are to merge.
Npower's business supply unit was originally left out of the deal which saw its domestic...
Bristol Energy appoints EY to ‘assess future business viability’
Bristol City Council has appointed EY to conduct “a full and thorough assessment of Bristol Energy’s structure and future business viability”.
That structure may lie...
Australia’s Origin takes £265m stake in Octopus Energy
Australia’s largest utility will pay £265m for a 20 per cent stake in Octopus Energy.
It will pay £70m on completion and £195m in batches...
Eon: Lockdown sees business energy demand fall 38 per cent
Business energy demand has dropped 38 per cent on average since the start of coronavirus lockdowns, according to Eon.
Leisure, hospitality and real estate sectors...
RWE picks new CEO
Current CFO Markus Krebber will replace Rolf Martin Schmitz as CEO of utility RWE next year.
Schmitz has been CEO since 2016, overseeing major structural...
Robin Hood Energy under review after £23m loss
Nottingham Council owned energy supplier Robin Hood has posted a £23.1m loss for 2018/19.
While the firm’s management says it is “confident” financial stability can...
Gnergy goes bust
Small supplier Gnergy is the latest casualty of the energy retail market.
The company, which supplied around 9,000 household accounts and some small businesses, had...
Conn gone, Centrica battles on
Centrica chief Iain Conn has exited. The former CEO announced he would be resigning in 2020 last July, but stepped down as the company...
Bayford Group buys energy supplier E, targets EVs and storage
Yorkshire-based Bayford Group plc, the diversified property-to-energy supply business, today took a further step into advanced energy markets, completing its purchase of the 320,000...
Eon no longer accepting Letters of Authority from unapproved TPIs and sub brokers
Eon will no longer accept letters of authority (LOA) from third party intermediaries not signed up to its TPI Agreement, even if they already...
Newly-launched BusinessEnergyQuotes.com to support businesses with energy comparisons
Newly-launched BusinessEnergyQuotes.com to support businesses with energy comparisons
UK SME businesses are set to benefit from a brand-new, fully-online business energy pricing engine, after the...
Simec says plastic waste pellets looking good for Uskmouth power station
Simec Atlantis says the plastic and paper waste pellets it plans to burn at the former Uskmouth coal-fired power station in South Wales have...
EDF targets July to bring Dungeness B nuclear plant back online
Nuclear operator EDF Energy today confirmed both reactors at Dungeness B will continue to be out of service until July.
The reactors shut down in...
3,500 NHS properties switch to renewable power via Inspired and British Gas
British Gas will supply 100 per cent renewable electricity from April to some 3,500 hospitals and clinics via a deal brokered by Inspired Energy.
NHS...
Centrica shares tank on heavy losses
Centrica lost almost a fifth of its value in early trading after posting an £849m pre-tax loss for 2019.
In 2018 the group had recorded...
The price of power: What influences the wholesale price of energy?
Energy is a complex business - especially when it comes to pricing. In this sponsored post EDF outlines the macro factors at play, and...
£500m SSE–Ovo deal done
SSE will today complete the £500m sale of its retail customer book to Ovo. The deal will propel Ovo to the top table in...
Yü Group strikes hedging deal with Smartest
Business utilities supplier Yü Group has struck a hedging agreement with Smartest Energy in order to free up cash.
Under the deal, Yü will only...
Eon wields the knife at Npower, big cuts ahead
Eon has moved to stem big losses at Npower, planning major job cuts and removing CEO Paul Coffey.
The company plans to fuse Eon and...