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We take a look at the changes leading to challenger energy suppliers rising up

The Big Six have long been known as the firms that take up the lion s share of energy customers in the UK and have traditionally included the same six companies. However, in recent years, an influx of small suppliers have saturated the market, looking to give consumers the best value tariffs and the most efficient customer service. This has led to challenger suppliers stealing customers away from the Big Six – and even taking their spot in the table.  In a time when many face financial uncertainty, knowing they are on the best deal and with the best provider for their household bills has never been more important, a key reason as to why consumers are willing to switch supplier to cut costs.

Glasgow-based power giant to invest heavily in renewables

SCOTTISHPOWER more than doubled the profits it made in the household supply business last year in spite of the fall in demand for energy triggered by the coronavirus crisis. The Glasgow-based energy giant made £220 million from the sale of gas and electricity to consumers and businesses in 2020 compared with £95m in the preceding year. The results for 2019 covered the first year of the price cap that the regulator, Ofgem, imposed in respect of customers on variable tariffs. Spanish-owned ScottishPower said the results for 2019 were adversely impacted by a change that was made by Ofgem in respect of the cap, which had a one-off effect.

EDF:Mobilisation and solidarity during the health crisis; Acceleration of Renewables 2030 target upgraded ; 2020: Resilient EBITDA, 2020-2022 action plan on cost reduction and disposals undertaken ; 2021-2022: Financial targets confirm

EDF:Mobilisation and solidarity during the health crisis; Acceleration of Renewables 2030 target upgraded ; 2020: Resilient EBITDA, 2020-2022 action plan on cost reduction and disposals undertaken ; 2021-2022: Financial targets confirm
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