SSE has announced that it has entered into an agreement to sell its SSE Energy Services business to Ovo Energy at an enterprise value of £500 million comprising £400m cash and £100m in loan notes, Alistair Phillips-Davies, Chief Executive of SSE, said “We have long believed that a dedicated, focused and independent retailer will ultimately…

Ofgem has appointed Utilita Energy Limited to take on supplying Eversmart Energy’s domestic customers, and the small number of business customers. This follows an appointment process run by Ofgem to get the best deal possible for customers. All outstanding domestic and non-domestic customers’ credit balances, including money owed to both existing and former customers of…

Eversmart Energy, an energy supplier with around 29,000 domestic customers and a very small number of business customers has ceased to trade. Under Ofgem’s safety net, the energy supply of Eversmart Energy’s customers will continue and prepayment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected. Ofgem…

Midcounties Co-operative Energy (Co-op Energy) and Octopus Energy have announced a new partnership. The deal struck between Octopus and Co-op Energy will see the former acquire 300,000 more customers, with Co-op Energy retaining the brand. As part of the deal, the Co-op Energy brand will be retained and Octopus will take on ownership and responsibility…

Energy suppliers continue to improve in providing accurate billing for millions of customers, according to Energy UK’s Billing Code audit results. Established in 2006 by Energy UK, the voluntary Billing Code initiative provides energy customers with greater confidence in the accuracy of their domestic energy bills. The six largest energy suppliers are measured against four…

Ofgem has appointed EDF Energy to take on supplying Solarplicity Supply Limited’s 7,500 domestic and 500 business customers. This follows an appointment process run by Ofgem to get the best deal possible for customers. All outstanding domestic customers’ credit balances, including money owed to both existing and former customers of Solarplicity, will also be honoured.…

The average cost of electricity has more than tripled and gas has more than doubled in the last 20 years, outstripping the cost of all other goods and services outside of the sector, according to analysis by comparethemarket.com. The average cost of gas for households has risen by 221%, while electricity has risen by 193%…

Ofgem has confirmed that Solarplicity Supply, an energy supplier with around 7,500 domestic customers and less than 500 business customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of Solarplicity’s customers will continue and prepayment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected.…

Energy company SSE says it is negotiating the sale of its energy retail business to Ovo Group. In a company statement, SSE said “SSE is actively progressing a number of options for the future of SSE Energy Services, having determined that its best future lies outside the SSE group. In line with this, and noting…

Cardiff Energy Supply, a small supplier with approximately 800 domestic gas customers, will be ceasing to trade. Ofgem has appointed SSE as the supplier of last resort for these customers. Ofgem said in a news release that customers do not need to worry as they will continue to receive gas supplies as normal and credit…

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