Big 6

If the deal is reached, OVO will become one of the largest energy companies in the country

The change means more than 3.3 million homes will be provided with electricity from solar, wind and biomass plants at no extra cost

The Big Six energy giant said the results “clearly fell well short” of what it hoped to achieve at the start of the year

Customers will see their energy bills reduce by £24 a year

The Big Six supplier said the ‘voluntary enhanced redundancy opportunities’ cover both its customer service and smart meter installation teams

The supplier was a white label of the Big Six company

The regulator, however, ‘remains disappointed’ with the Big Six supplier’s conduct throughout this matter

They will be switched over to the Big Six supplier on 15th March following which they can shop around and switch again with no exit fees

It follows the Big Six supplier’s commitment to transition to 100% green power

The news follows price rises confirmed by all the Big Six companies after Ofgem announced an increase in the energy price cap from April