Energy supplier Ovo admits non-compliance with Ofgem capital regime
Ovo has become the latest major energy supplier to disclose its failure to meet new capital adequacy rules imposed by the industry watchdog.
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A former boss of Virgin Money is joining Britain's fourth-biggest home energy supplier as it explores options including a merger with one of its biggest rivals.
More...10-07-2025, 03:11 PM -
Ovo Energy, one of Britain's biggest domestic gas and electricity suppliers, is preparing to take an axe to its workforce next week as part of efforts to convince regulators that it has a viable turnaround...23-11-2025, 04:12 PM
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Britain's largest residential gas and electricity supplier is set to pay £1.5m in refunds and compensation after failing to provide customers with final bills within six weeks, Ofgem has said.
...08-07-2025, 06:15 PM