Opus_Energy

Opus Energy

Opus Energy

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Opus Energy Limited supplies gas and electricity to businesses across the United Kingdom. It purchases electricity from wind, solar, hydro, and anaerobic digestion generators, and provides support to develop energy-generating sites. It is headquartered in Northampton, United Kingdom with an additional office in Oxford. It shares the same management as Haven Power

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History

The company was established in 2001 as Oxford Power Holdings Limited; it was renamed on 28 October 2010. On 6 December 2016 it was announced that Opus Energy had entered into a binding conditional agreement for the sale of the entire issues share capital to Drax Developments Limited, a member of the Drax Group.[1] The deal completed on 10 February 2017.[2]

In 2021 Opus Energy was the 2nd largest provider of business gas in the UK and the 5th largest provider of business electricity.[3]

Operations

Opus Energy sources its electricity from renewable sources.[4]

Opus Energy provides a power purchase agreement product whereby it offers to buy excess power from companies who create their own renewable energy.[5]

On Thursday 8 October 2020, Opus Energy announced that its Fuel Mix Disclosure for the reporting period April 2019 to March 2020 remained 100% renewable. It is the third consecutive year that its electricity is 100% renewable, where its electricity supply has been independently verified by EcoAct.[6]

References

  1. [1]
    "Drax moves away from coal to bid on Opus Energy and gas plants". The Guardian. Reuters. 2016-12-06. ISSN 0261-3077. Retrieved 2016-12-06.
  2. [2]
    "Preliminary results for the twelve months ended 31 December 2016" (PDF). Drax Group. 2017-02-16. Retrieved 2017-07-03. The Opus acquisition was a major transaction and was subject to shareholder approval. The acquisition was approved by shareholders on 8 February 2017 and completed on the 10 February 2017.
  3. [3]
    "2021 business spending and supplier review". Reducer.
  4. [4]
    "Our energy sources". Opus Energy. Retrieved 26 April 2019.
  5. [5]
    "Research suggests SMEs favouring on site renewable energy". Retrieved 17 April 2012.
  6. [6]
    "Opus Energy announces 100% renewable electricity in 2020 Fuel Mix Disclosure". www.opusenergy.com. Retrieved 2020-10-16.
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