Blog

Name: BFY Group
Price range: $

Energy debt hits record £3.8bn, as Ofgem propose initiatives to raise standards

Energy debt has reached a new high of £3.8bn as of Q3-24, up £134m from the previous quarter, and £0.9bn over the past year. Alarmingly, £2.9bn (75%) of this debt remains without any repayment arrangement in place, with 2m customers in this bracket. Total debt has almost tripled since 2020, and the volume of customers without repayment arrangements is up 700k (55%) in the same period.

Energy Customer Debt Policy and Regulation

Impacts of COVID-19 on B2B Energy

Last week BFY were invited to speak at a CNG Energy webinar on the impacts being seen within the B2B energy market as a result of ‘lockdown’.

Octopus Achieves £1bn Unicorn Status With £300m Origin Energy Investment

Octopus, which has approximately 1.5m UK customers, will receive the funds to further its 'global clean energy expansion'.

March Energy Switching Likely Impacted By COVID-19

The good people at ElectraLink Ltd. recently released their view of 'Switches Started' for March 20, which they see as being down 7.5% on March 19.

Consolidation continues in UK Energy Retail

This week saw the acquisition of the iSupply customer book by EDF following a lengthy process, and the acquisition of E (Gas and Electricity) by Bayford (the owners of Gulf Energy).

Bulb gains 800k customers, with growth coming at a cost of £129m

In 2018/19 85% of challenger brand energy suppliers were unable to make a profit - the wholesale market was particularly challenging in the latter half of 2018 with wholesale electricity prices reaching almost £70MWh in September.

13 14 15

Kelly Payne, Director at BFY Group. Jonathan Paton, Senior Manager at BFY Group. Jon Vincent, Senior Manager at BFY Group.

Start a conversation

Interested in working with us? We’re here when you’re ready.

Jobs Get In Touch

Subscribe today to receive the latest news and updates from BFY

By submitting my personal data, I consent to BFY collecting, processing, and storing my information in accordance with our Privacy Policy.