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Energy firms lose UK legal challenge over sale of collapsed rival Bulb

UPDATE 2-Energy firms lose UK legal challenge over sale of collapsed rival Bulb Updates with Octopus, Centrica, E,ON comment, detail LONDON, March 31 (Reuters) - Centrica's British Gas, Scottish Power and E.ON on Friday lost a court challenge over the British government’s handling of the sale of collapsed energy firm Bulb. In December Octopus Energy took over the supplier, which collapsed in 2021, when the government said it would provide up to 4.5 billion pounds ($5.4 billion) to fund the dea
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Energy firms lose UK legal challenge over sale of collapsed rival Bulb

Energy firms lose UK legal challenge over sale of collapsed rival Bulb LONDON, March 31 (Reuters) - British Gas, Scottish Power and E.ON have lost a court challenge over the government’s handling of the sale of collapsed energy firm Bulb, the High Court in London ruled on Friday. The firms had argued that the British government granted billions of pounds in unlawful subsidies to Octopus Energy to take over Bulb after the firm collapsed in 2021 due to soaring wholesale gas and electricity price
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Centrica Says Co & UK Infrastructure Bank Investing £265 Mln In Sustainable Energy Storage

BRIEF-Centrica Says Co & UK Infrastructure Bank Investing £265 Mln In Sustainable Energy Storage March 30 (Reuters) - Centrica PLC CNA.L : CENTRICA - CENTRICA AND UK INFRASTRUCTURE BANK HAVE TODAY ANNOUNCED THEY ARE INVESTING UP TO £265 MILLION IN SUSTAINABLE ENERGY STORAGE Source text for Eikon: [ID:] Further company coverage: CNA.L
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Ovo Energy plans takeover of Shell gas and electricity arm - Sky News

UPDATE 2-Ovo Energy plans takeover of Shell gas and electricity arm - Sky News Adds detail, updates with Ovo's response, updates shares March 29 (Reuters) - Ovo Energy is planning a takeover of Shell Plc's SHEL.L UK gas and electricity business, a move that would allow the British retail energy supplier to reclaim the No. 2 spot in the British supply market, Sky News reported on Wednesday.
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UK's British Gas to cut prepayment meter prices

UPDATE 1-UK's British Gas to cut prepayment meter prices Adds more detail LONDON, March 29 (Reuters) - Centrica-owned CNA.L British Gas will introduce new lower prices for prepayment meter customers from April 1 to make that the cheapest way to buy energy in Britain, it said on Wednesday. Prepayment meters are a type of domestic energy meter which require users to pay for energy upfront by topping up a token or card.
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