It has been a tough few years for Britain’s big six energy suppliers. Threatened with price caps by politicians who accuse them overcharging, while shedding customers to insurgent low-cost competitors, the large power utilities would have a compelling claim to be among the country’s most unloved companies. Yet, recent weeks have seen a turning of the tables. The collapse of GB Energy, a small gas and electricity supplier with 12 employees and 160,000 customers that was hit by soaring wholesale prices, has exposed the fragility of many new entrants in the UK energy market. Analysts and industry executives expect more small suppliers to fold and for the big six – British Gas, SSE, Scottish Power, EDF, Eon and Npower – to regain market share. This is because the large companies, with their own power-generating capacity and strong hedging policies, can cope much better with rising costs.
FT 5th Dec 2016 read more »
Ecotricity has been named as one of Britain’s ‘top 10 most disruptive companies’ in today’s 20th anniversary edition of the Sunday Times Virgin Fast Track 100. Ecotricity was recognised for being “the world’s first green energy company’ and for developing Europe’s largest ‘electric highway’ of 300 ‘electricity pumps’ for BPVs (battery powered vehicles) at UK service stations and pioneering carbon neutral gas production”.
Scottish Energy News 6th Dec 2016 read more »