Blog
What does it take to grow an £x00m energy retailer?
At a recent BFY Group client strategy day, we discussed what it takes to grow a £x00m energy retailer. A number of challengers have delivered incredible growth since entering the market, and gained ~1% market share in only four years of trading.
Energy suppliers' debt books are growing as the Covid-19 impact emerges
As we see the first of the coronavirus protections begin to be lifted it’s time for energy suppliers to take stock of the stark financial situation their customers now find themselves in.
BFY Group supports Yu Energy in its acquisition of Bristol Energy
We’re really pleased to have supported the Yu Energy team on the acquisition of the Bristol Energy B2B Energy Customer Book.
Wholesale costs drive £84 reduction in Ofgem Price Cap level
Wholesale costs drive £84 reduction in Ofgem Price Cap level. However, fewer than 50% of tariffs are currently above the cap.
BFY Operating Cost Benchmarking study biggest and most detailed yet
Our Operating Cost Benchmarking study is already the biggest and most detailed study of its kind within UK energy retail, and the team have been working hard to make the 2020 study even better.
Ofgem Announces ROCs Mutualisation of £97m
Ofgem have announced today that the ROCs mutualisation will be ~£97m, with the largest amount outstanding at 1/11 being £38m owed by Hudson Energy Supply.
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.
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