Love Energy Savings launches new corporate division

A business energy comparison and switching service has launched a new corporate services division to offer greater transparency for its customers. Love Energy Savings, which won ELN’s Super Consultancy of the Year, has announced the appointment of three senior staff members to spearhead the new part of the business. The move into the industrial and […]

Energy broker Inenco Direct to cut jobs

Energy broker Inenco Direct has announced it will be downsizing. It said there will potentially be job cuts at its offices in Liverpool and Lytham. The energy broker will confirm the number of jobs “once potentially impacted colleagues have had the opportunity to fully consider all their potential options”. A spokesperson told ELN: “Inenco is […]

10 things to expect from your energy consultancy

What should your energy consultancy be doing to get you the best business energy solution? When you’re choosing an energy consultant or broker, businesses often look for the cheapest service. But dig a bit deeper and you’ll find there’s more to saving energy – and cash – than knockdown consultancy fees. For the best value, […]

Today’s TELCA deadline day

The nominations for this year’s Energy Live Consultancy Awards close today at 5pm. So if you are a broker or energy consultant get your entry in. TELCA is now in its third year and has established itself as the best awards night in the energy calendar. It recognises the best in class across 12 categories. […]

Guest Blog: npower’s Chris Billing – TPI Code of Conduct

Chris Billing is Head of Indirect Sales, responsible for overseeing the relationship that npower’s Industrial and Commercial team has with energy consultants and brokers. Here he talks about the forthcoming Ofgem Code of Practice for TPIs. Promoting good conduct among energy consultants and brokers By this time next year, Ofgem plans to be ready to […]

Big Six rival's deal with Shell in hope of cheap energy prices

Independent energy supplier First Utility has signed a five year energy trading partnership with Shell. The deal effectively sees the British oil giant play broker for the smaller firm, buying gas and electricity from the wholesale market. It’s the second such arrangement for Shell Energy Europe in the UK, earlier in February announcing it will […]

Enserve Group completes energy division sale for £140m

Energy broker Inenco is planning “a series of national and international acquisitions” as it completed its sale worth around £140 million today. The energy division of Cinven-backed infrastructure services provider Enserve Group, Inenco has been sold to funds managed by private equity firm Vitruvian Partners and Intermediate Capital Group. Chief Executive Michael Abbott said: “Vitruvian […]

UK businesses back Ofgem’s rules for energy brokers

Almost half of UK businesses said they value help from third parties to compare energy prices across suppliers and negotiate the complexity of their contracts. That’s according to a new survey of 508 businesses, which claims a majority of them back Ofgem’s Code of Practice. It aims to increase the confidence of business customers engaging […]

Enserve Group sells energy division Inenco

Lancashire-based energy broker Inenco Group has been sold to funds managed by private equity firm Vitruvian Partners and Intermediate Capital Group for an undisclosed sum. Inenco, which provides energy procurement and risk management services for more than 9,000 customers, is the energy division of infrastructure services provider Enserve Group, which is owned by Cinven. Cinven […]

Ofgem could close ‘protection gap’ for UK businesses

Greater powers for Ofgem to help businesses from brokers who mis-sell energy could help close the “protection gap” on energy issues in the industry. That’s the view of a consumer group who welcomed the energy regulator’s call for the Government to give it more powers to take direct action against “rogue” brokers. Ofgem said it […]