Water regulator Ofwat has today given its initial assessment of water companies’ business plans for 2020-25. Three water companies – Severn Trent, South West Water and United Utilities – delivered such high-quality plans that they have already been given the green light by Ofwat. The plans from those three companies set out how they will…

Energy supplier Switch2 Energy, has made a trio of senior appointments to support its growth plans. Richard Slee has joined the Yorkshire headquartered company as CEO with a mission to maximise Switch2’s market-leading position as the dominant force in UK heat networks. Chris Kingston has also joined the business as Operations Director, while Simon Waite is the…

Ofgem has appointed Utilita Energy to take on supplying Our Power’s 31,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Utilita is offering Our Power’s customers a competitive tariff and will honour all outstanding credit balances, including money owed to both existing and former customers…

Equitix Investment Management, a UK infrastructure manager, has reached an agreement with iCON Infrastructure on the acquisition of the Firmus Energy regulated gas network in Northern Ireland. The acquisition is expected to complete in mid-February. Established in 2005, Firmus Energy owns and operates a  regulated natural gas distribution network in the major towns and cities…

Scotland’s largest non-domestic water supplier, Business Stream, has bought the customer base of its competitors Yorkshire Water Business Services (YWBS) and Three-Sixty, both part of the Kelda Group, doubling its market share and cementing its position as one of the top three retailers in the UK water market. The acquisition which will take effect this…

Nearly one million (900,000) people who’ve never switched energy supplier could cover the cost of their Christmas borrowing by changing to a better deal. New analysis from Citizens Advice shows that around 3.2 million people in Britain borrowed up to £150 to cover the cost of Christmas in 2018, almost 1 million of whom have…

Our Power, an energy supplier with about 38,000 domestic customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of Our Power’s customers will continue and pre payment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take…

Small energy suppliers have trounced the Big Six in Which?’s annual satisfaction survey, with Britain’s largest providers left languishing near the bottom of the rankings. Which? surveyed 8,000 people across the UK about their provider – and the results demonstrate the importance of performing well in areas valued by customers, including value for money, excellent…

Ofgem has appointed Ovo Energy to take on supplying Economy Energy’s 235,000 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Ovo Energy will absorb all of the costs of honouring customers’ credit balances and the migration of customers. Customers of Economy Energy will be contacted…

Annual household bills have risen by over £550 in the past three years according to new findings from comparethemarket.com– increasing three and a half times faster than inflation over the same period. The new research, which analyses the average cost of energy, home and motor insurance since 2015 has shown a relentless rise in bills for…