A MAJOR energy supplier with 4.5 million customers is exploring the sale of the company. Ovo Energy, Britain’s fourth-largest energy company, is lining up bankers to help with a strategic overhaul of the company. Ovo Energy was founded in September 2009 by Stephen Fitzpatrick and provided energy tariffs to over 700,000 households in 2017Source: Getty … Read more
OVO Group, the UK’s fourth-largest supplier of domestic energy, is hiring bankers from Rothschild to help assess its strategic and financing options, Sky News has learned. By means of Mark Kleinman, city editor @MarkKleinmanSky Saturday, June 29, 2024 10:19 AM, UK Britain’s fourth-largest domestic energy supplier is lining up bankers to explore options including bringing … Read more
Around 10 million households are being urged to send their energy meter readings to their supplier this weekend to ensure they do not pay too much when cheaper prices come into effect on July 1. The average household energy bill will fall by 7% from next month after Ofgem lowered the price cap in response … Read more
Stay informed with free updates Simply register with the Artificial intelligence myFT Digest – delivered straight to your inbox. Bill Gates defended the rapid increase in energy consumption due to artificial intelligence systems. According to him, the technology would eventually compensate for the high electricity consumption. Speaking in London, Gates urged environmentalists and governments “not … Read more
Experts are urging households to ‘read’ their smart meters as soon as possible to ensure they have lower energy bills. This warning from Go. Compare Energy anticipates Ofgem’s energy price cut on July 1, which sets the maximum amount companies can charge per unit of energy and fixed costs to households with average consumption. Between … Read more
A team of physicists from the University of California, Berkeley, has developed an unprecedentedly precise instrument designed to hunt for dark energy, the elusive force accelerating the expansion of the universe. Their experiment – the results of which were published today in the prestigious journal Nature – focuses on a hypothesized particle known as the … Read more
Energy suppliers are not doing well in this latest customer service ranking EDF, Utilita and British Gas received the worst customer ratings in the first quarter of 2024 By Sam Barker Updated: 04:16 EDT, June 25, 2024 EDF has been named the worst energy company for customer service by consumer organization Citizens Advice. Utilita was … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The majority of UK onshore renewable energy projects do not progress beyond the planning stage, according to an analysis which highlights the challenges the country still faces in meeting its clean energy targets. According to … Read more
The existing ban on gas boilers in favor of heat pumps will be scrapped if the Labor Party wins the general election, Shadow Energy Minister Ed Miliband has said. Heat pumps are considered a viable option to reduce energy bills and achieve Net Zero targets. Currently, the Conservative-led government has pledged to phase out traditional … Read more
New research shows that plasma fusion heat spreads more evenly in tokamak reactors, a milestone in the field of fusion energy. This suggests new ways to improve reactor efficiency and overall service life while reducing the chance of damage. The new findings from researchers at the US Department of Energy’s (DOE) Princeton Plasma Physics Laboratory … Read more