Company Overview and News

 
Ofgem hunts for rescue supplier after energy firm goes bust

2018-01-25 telegraph.co.uk
The energy regulator is on the hunt for an company in the sector willing to take on the 10,000 customers left stranded in the wake of another collapsed provider in the industry.

 
Energy minnows fuel funding fears after failing to pay into scheme for vulnerable customers

2017-12-20 telegraph.co.uk
Two energy supply minnows have failed to meet a key payment deadline for the Government’s warm home discount scheme, fuelling growing fears of a financial crunch for small suppliers due to rising costs in the crowded market.

 
GB Energy pauses shares ahead of acquisition update

2017-09-14 proactiveinvestors.com.au
GB Energy Ltd (ASX:GBX) has been granted a trading halt by the ASX in afternoon trade, pending details in relation to the Kalia Holdings Pty Ltd acquisition.

 
Fundraising of up to ?29 million

2017-05-24 londonstockexchange
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UK gas and electricity customers face price rise double whammy | Money | The Guardian

2017-04-20 theguardian
Thousands of households are being hit with 40%-plus increases to their gas and electricity bills – far above the price hikes announced by the big energy firms in recent months. A combination of sneaky changes to billing structures, regional variations and the fact that many popular fixed-price tariffs have come to an end have left furious Guardian Money readers complaining that their bills are set to rise by £300 to £400 a year, contrary to official price rise figures from the major providers.

 
UK’s cheapest energy supplier closes doors to new customers

2017-04-13 telegraph.co.uk
The independent energy company behind the retail market’s cheapest deal has shut its doors to new consumers amid concern over its mounting complaints and wafer thin cash reserves.

 
How free market helped big six energy firms to rack up huge profits | Money | The Guardian

2017-03-12 theguardian
Denver Mckay is used to being cold. Heating his one-bedroom flat in Hamilton, just outside Glasgow, is a luxury he can’t always afford. “I pay £20 a week now and this is a struggle,” he said. “Sometimes I have to go without the heating on at all. Sometimes it’s just one room.”

 
GB Energy in an ASX trading halt

2017-03-10 proactiveinvestors.com.au
GB Energy (ASX:GBX) has been granted a trading halt by the ASX, with its shares placed in pre-open.

 
Fischer Energy joins UK retail market with 100% renewable offer | Business | The Guardian

2017-01-15 theguardian
New supplier hopes to sign up 40,000 single variable tariff customers in first year, two months after collapse of GB Energy UK

 
Green Energy UK offers first electricity tariff based on time of day | Money | The Guardian

2017-01-03 theguardian
Customers will be charged 4.9p per unit of electricity from 11pm to 6am but up to five times as much during peak demand times

 
From Alt-right to zero coal: the lexicon of 2016 

2016-12-28 telegraph.co.uk
The financial year can be gauged by the words it adds to the dictionary – and those that pass into obscurity. So 2016 gave us Hard Brexit, a sugar tax and Pokémon Go. Lost to the lexicon are GB Energy, Friends Reunited and Samsung’s quickly recalled Galaxy Note 7. But some words previously designated obsolete have returned: welcome back British Steel, revived by Greybull Capital, while Morrisons resurrects Safeway.

 
The energy market? It's simple economics says 22-year-old Avro boss

2016-12-03 telegraph.co.uk
The 22-year-old believed to be Britain’s youngest energy boss has insisted that navigating gas and power markets  is “simple economics”, amid rising fears over the financial health of start-up suppliers. 

 
New blow for Hinkley Point contractor EDF after French safety checks | Environment | The Guardian

2016-12-02 theguardian
Safety issues force many reactors offline prompting warnings of power cuts across France, higher energy prices and a rise in emissions

 
British Gas freezes standard energy tariffs for millions over winter

2016-12-01 news.sky
The UK's biggest supplier follows rival SSE in pledging no hikes until next spring as the sector remains under political pressure.

 
British Gas announce prize freeze for six million customers until March 2017 - Mirror Online

2016-12-01 mirror.co.uk
Energy giant British Gas has announced a price freeze for more than six million customers on standard tariffs over the winter.

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