Vattenfall, recently took the decision to exit the UK domestic energy supply market in order to focus investment on developing its core UK renewable power generation, heating, B2B sales and distribution businesses.
Vattenfall will continue to meet its statutory obligations and has prioritised ensuring a seamless transition for customer. The price customers pay for energy will not increase. The terms and conditions of existing fixed customer contracts won’t change. iSupplyEnergy’s customers do not need to do anything and their supply won’t be interrupted. EDF will be in touch to welcome customers when they transfer.
EDF is the UK’s largest producer of low-carbon electricity, meeting around one-fifth of the country’s demand and supplying millions of customers with electricity and gas. It was recently awarded second place out of 40 suppliers for customer service by Citizens Advice. These qualities reflect iSupplyEnergy’s goals so it is felt the company is a good fit for its customers, the majority of whom will transfer to EDF between April and the end of June.
Vattenfall has invested over £3.5bn in UK renewable generation. In addition to its fast-growing UK district heating and distribution businesses, Vattenfall operates eleven onshore and offshore UK wind farms, with an installed capacity of more than 1GW. It has a pipeline of new projects, including two 1.8GW wind projects off the Norfolk coast, one if which is awaiting planning consent. Vattenfall has also just announced it is Midlothian’s energy partner. Through this partnership it will build its first heat network in the UK.
Vattenfall remains committed to the UK, a country in which it sees significant opportunity. It believes it will play a valuable role in supporting the UK government’s commitment to reaching net zero carbon emissions by 2050.