News

eEnergy acquires Utility Team

‘Energy efficiency as a service’ company eEnergy Group has acquired energy consulting and procurement business Utility Team for £21 million. It also took on a 5% share in UtilityTeam Trading. The initial consideration represents an acquisition multiple of 7.1x of…

ROC payments fall short by more than 10%

By 1 September suppliers had presented 105,263,447 Renewables Obligation Certificates (ROCs), Ofgem reports. The volume represents a shortfall of more than 10% – 13,827,297 ROCs – against the obligation for the year of 119,090,744. The deadline to present ROCs was…