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Market research & Insight

Issue 28a

July 2017 in brief Operational Performance ·         Ofgem announced on 20 July that British Gas has agreed to pay £1.1mn to around 12,000, largely business, customers after its third party agents missed appointments and did not compensate customers as required ·         Dong Energy announced on 12 July that it had won a five-year contract to supply green energy to 4,300 sites belonging to Welsh Water ·         Gazprom Energy discussed its position as the largest business gas supplier in the UK by volume, stating that it had secured the largest transfer of supply from Statoil Strategic Direction ·         Utilita is in advanced talks with at least two interest parties regarding the sale of its business, according to SkyNews reports on 2 August ·         Ecotricity requested a general meeting of Good Energy shareholders, in a bid to place two representatives on its board. Good Energy responded that appointing representatives from a competitor would create conflicts of interest Financial Performance ·         Centrica released its interim results to 30 June. The UK Business segment broke even in H1 versus £31mn profit last year ·         EDF released its half year results on 28 July, showing EBITDA from generation and supply activities in the UK at &...

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