Ofgem lets energy suppliers start chasing unpaid bills. Suppliers have been warned off ‘aggressive debt collection’ by the energy regulator.
Telegraph 21st June 2020 read more »
The owner of British Gas is preparing to launch a new cut-price brand as it battles to revive its fortunes. Centrica has struck a deal to use a low-cost IT platform to run a digital-only “challenger” brand to try to win back customers who have deserted Britain’s biggest energy supplier and moved to cheap start-ups. The energy group, which has just been demoted from the FTSE 100 index of Britain’s biggest publicly quoted companies, is expected to give more details alongside its half-year results in July. This month it announced plans to cut 5,000 jobs, about a fifth of its workforce, as part of a restructuring ordered by Chris O’Shea, 46, its new chief executive. The new brand’s name is yet to be decided, although Centrica has been running a trial of the concept via a little-publicised new company called “British Gas X”, which gained its own supply licence earlier in the year. This is operating using software from Ensek, a Nottingham-based group, which will be used for the new brand.
Times 22nd June 2020 read more »