Opus Energy
 | |
| Company type | Private |
|---|---|
| Industry | Utilities |
| Founded | 2002 |
| Headquarters | Drax Power Station, England, UK |
Key people | Paul Sheffield, (Managing Director) |
| Products | Electricity, Gas |
Number of employees | 860 (January 2017) |
| Parent | Drax Group |
| Website | opusenergy.com |
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.
History
[edit]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
[edit]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
[edit]- ^ "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.
- ^ "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.
- ^ "2021 business spending and supplier review". Reducer.
- ^ "Our energy sources". Opus Energy. Retrieved 26 April 2019.
- ^ "Research suggests SMEs favouring on site renewable energy". Retrieved 17 April 2012.
- ^ "Opus Energy announces 100% renewable electricity in 2020 Fuel Mix Disclosure". www.opusenergy.com. Retrieved 2020-10-16.
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