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Energy

  • Ofgem slaps Eon with provisional order in clampdown on poor service as it launches urgent British Gas probe

    February 2, 2023

    Ofgem has continued its clampdown on the energy sector, naming and shaming firms in a critical review of the energy market.

  • Ofgem to suspend forced prepayment meter switches after British Gas break-ins

    February 2, 2023

    Ofgem will tell suppliers to suspend all warrants forcing customers to switch to prepayment meters, City PM has learned.

  • Capricorn Newmed merger hits the rocks as activists win boardroom battle

    February 2, 2023

    Capricorn Energy's proposed merger with Newmed has all but collapsed, after Palliser secured all six of its nominees on to the new board.

  • Shell caps off bumper trading year with record £32.2bn profits

    February 2, 2023

    Shell capped off a highly lucrative year of trading with bumper fourth quarter earnings of £7.9bn - with full year profits of £32.2bn.

  • The Adani Group: How the Indian giant lost $90bn in market value in just a week

    February 1, 2023

    Gautam Adani's business empire has suffered a $90bn loss in value after a US short seller accused his conglomerate of fraud.

  • Natwest calls for stamp duty rebate to fund green home improvements

    February 1, 2023

    The government should offer a rebate on stamp duty to fund energy efficiency plans for new homeowners, argues Natwest.

  • Britishvolt: Greybull ramps up bidding frenzy for collapsed battery start-up

    February 1, 2023

    A new potential eleventh hour bidder has emerged for Britishvolt. as suitors circle the troubled battery start-up ahead of today's deadline.

  • Octopus swallows £150m loss from rising energy bills before Bulb buy-out customer boom

    February 1, 2023

    Octopus has reported another year of losses after the supplier opted to swallow a £150m bill in rising wholesale costs.

  • Bulb takeover will only cost taxpayer £260m, says Octopus Energy

    February 1, 2023

    Octopus Energy's takeover of Bulb could cost the taxpayer considerably less money than previously estimated, the firm told City PM

  • Ofgem boss warns over declining appeal of UK’s energy sector for suppliers

    January 31, 2023

    Shell's potential exit from the energy retail market raises questions over the industry's attractiveness for businesses, warned Ofgem.

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