Blog
Ofgem Announces ROCs Mutualisation of £97m
Ofgem have announced today that the ROCs mutualisation will be ~£97m, with the largest amount outstanding at 1/11 being £38m owed by Hudson Energy Supply.
Impacts of COVID-19 on B2B Energy
Last week BFY were invited to speak at a CNG Energy webinar on the impacts being seen within the B2B energy market as a result of ‘lockdown’.
Octopus Achieves £1bn Unicorn Status With £300m Origin Energy Investment
Octopus, which has approximately 1.5m UK customers, will receive the funds to further its 'global clean energy expansion'.
March Energy Switching Likely Impacted By COVID-19
The good people at ElectraLink Ltd. recently released their view of 'Switches Started' for March 20, which they see as being down 7.5% on March 19.
Consolidation continues in UK Energy Retail
This week saw the acquisition of the iSupply customer book by EDF following a lengthy process, and the acquisition of E (Gas and Electricity) by Bayford (the owners of Gulf Energy).
Bulb gains 800k customers, with growth coming at a cost of £129m
In 2018/19 85% of challenger brand energy suppliers were unable to make a profit - the wholesale market was particularly challenging in the latter half of 2018 with wholesale electricity prices reaching almost £70MWh in September.
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