GnERGY Ltd, one of UK’s small energy suppliers, ceases to trade after struggling to pay the UK regulator Ofgem’s Renewable Obligation buyout fund.
The UK Government has announced its deal with all domestic energy suppliers relating to emergency measures to protect at-risk customers during the novel coronavirus pandemic.
One of the UK’s Big Six energy provider British Gas has recently launched the cheapest deal among the largest suppliers in more than three years. The offer comes amid the continued energy price cuts in the current market.
Octopus Group’s investment trust Octopus Renewables has introduced its first venture in the form of a wind farm in Sweden, with construction expected to be completed by 2021. This construction-ready project is being developed by renewable energy firm OX2 for cash consideration.
Scottish Power, one of the UK’s Big Six energy suppliers, is embroiled in another controversy as energy regulator Ofgem opens a compliance probe anew. The watchdog expressed concern over the provider, warning that the firm could pay millions of pounds if the criticisms on its services will keep coming.
One of the UK’s Big Six energy supplier EDF Energy has recently acquired busted Swedish energy provider iSupply, just a few months after its buyout of failed energy challenger Toto Energy last October 2019.