Ovo Energy is initiating significant reductions to its expenditure in a bid to secure its financial position as the company confronts heightened regulatory pressures imposed by Ofgem. The energy supplier,
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Ovo Energy, the United Kingdom’s fourth-largest energy supplier, has issued a stark warning regarding its future viability following its failure to meet Ofgem’s updated financial resilience requirements. The company, which
In a significant development for the British energy sector, Spanish energy giant Iberdrola, the owner of Scottish Power, has initiated preliminary discussions with Ovo Energy regarding a potential merger that
