SME energy supplier Yü Group posts strong growth, turns profit
Business energy and water supplier Yü Group reports that customer growth outpaced expectations during 2017 and anticipates more of the same for 2018 and...
Going for brokers: Three platforms bidding to disrupt energy procurement
Brokers still hold huge power in the business-to-business supply market. But some firms think they are too opaque and inefficient. They believe technology can...
Energy suppliers given year limit to back bill smallest firms
Energy suppliers will not be able to back bill micro businesses for more than a year from November.
Ofgem has introduced a licence condition that...
National Grid issues gas warning, asks market to pull out stops
National Grid has issued a Gas Deficit Warning, an indication that demand is likely to outstrip supply. It is a signal to suppliers to make...
Opus and Haven Power bolster Drax bottom line
Profits from energy sales to SMEs and corporates boosted Drax's full year earnings.
The company, which is transitioning from Europe's largest coal-fired power plant to...
Centrica to cut 4,000 more jobs as headwinds strengthen
Centrica is to undertake another major round of cost cutting, planning to take £500m out of the business each year from now to 2020....
Energy risks and rewards: What will hit businesses in 2018?
Increasing market volatility in 2018 is compounded by rising policy costs and regulatory change. That presents greater risk but also significant opportunity for businesses...
Open Energy Market lands £3m to inject transparency into energy procurement
Energy buying platform Open Energy Market has secured £3m in funding from Calculus Capital to scale its operations and take the power away from...
BES Utilities goes after Trading Standards for £8.6m
BES Utilities says it plans to sue Trading Standards, which raided its premises in 2016.
The company will seek £8.6 million in damages against Cheshire West and...
Blockchain: Energi Mine raises £10.6m
Energy consultancy Energi Mine has raised $15m (£10.6m), with $4m coming in an hour and 21 minutes.
The firm, which plans to use the money...
Windy weather boosts SSE, Npower deal on track, more smart meters
SSE's wind generation was 33% higher in the nine months to 31 December than the prior year.
Some of the increase was down to new...
Utilitywise share trading suspended as results delayed further
Trading of shares in third party intermediary Utilitywise has been temporarily suspended after the firm confirmed it would not be able to publish its...
Surprises were for Christmas, not your new energy contract
To take the sting out of energy procurement, energy buying software needs to put an emphasis on providing managers with relevant data at the...
DCC buys Countrywide Farmers’ LPG business for £29m
DCC is to acquire Countrywide Farmers' liquefied petroleum gas (LPG) distribution business in Britain for £28.75m.
The firm supplies bulk and cylinder LPG to agricultural, commercial...
Opinion: Amazon would be a good buyer for SSE + Npower
Franck Latrémolière thinks Amazon would make a decent fist of energy supply at scale and might become the catalyst for wholesale systemic change.
Combining Npower with...
Blockchain – not the definitive article
Electron’s strategy director, Jon Ferris, explodes some of the myths surrounding blockchain’s security, scalability and energy consumption.
The increasing media coverage of bitcoin may lead...
Shell to buy energy retailer First Utility
Fossil giant Shell is to buy the UK's largest independent energy supplier First Utility.
The move, subject to regulatory approvals, represents a significant challenge to...
Outlook: What will affect business energy bills in 2018?
Laura Bazeley, risk manager at Mitie Energy, gives a snapshot of key market, political and regulatory developments that will impact business energy bills and...
TPI Businesswise Solutions plots £1m recruitment drive after big wins
Lancashire-based Businesswise Solutions plans to double its headcount and open a London office following a series of big name client wins.
In recent months the...
Business energy supplier Yü Energy enters water market
Energy supplier Yü, which suppliers power and gas to SMEs and corporates, will bundle in water services to businesses after Ofwat granted its licence...