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energy supplier
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Home supply and services
Market share shifts: Octopus Energy’s acquisition of Bulb accelerates growth
On Saturday 29 October BEIS confirmed it had approved the transfer of Bulb’s 1.5mn customers, as well as 650 employees, to Octopus Energy. In this week's 'Chart of the Week', we look back over time at the two suppliers and the growth Octopus Energy has seen through organic means and...
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Home supply and services
Over a third of energy suppliers have left the market
The domestic supplier market is facing a turbulent time with high wholesale prices causing distress and a series of supplier exits in the energy sector. This week's 'Chart of the week' examines these suppliers exits and their effect on the domestic market.
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Home supply and services
Chart of the week | One fifth of suppliers offering cheapest tariff have exited
Since 2017, 15 suppliers have exited the domestic energy market through Ofgem’s Supplier of Last Resort (SoLR) process. While the exits stem from a range of reasons, many of these companies are likely to have experienced problems in cashflow. These problems are often heightened by very cheap tariffs. This Chart...
