Oxford News
E.ON and Ovo set to announce huge update for customers
Energy giant E.ON is reportedly close to a deal to acquire Ovo, a move that would create a UK energy giant serving nearly 10 million customers.
The two companies are targeting next week to officially announce the deal, with an agreement expected in the coming days.
The merger would combine E.ON’s 5.7 million customers with Ovo’s 4 million.
Ovo has recently faced major challenges, warning of a “material uncertainty” over its future in its latest financial accounts.
The company was reprimanded by Ofgem last year for failing to meet capital requirements, resulting in significant cost-cutting and job losses.
Ovo has spent several months seeking a buyer or new investment.
The situation became more precarious after former chief executive David Buttress stepped down during the funding search.
The deal is not yet guaranteed and could still be delayed, according to industry sources.
Ovo was founded in 2009 by Stephen Fitzpatrick as a challenger to the big energy companies.
Its rapid growth was fuelled by the 2020 acquisition of SSE’s household energy business.
E.On boss calls for energy bills support to be ‘targeted’
The boss of E.On UK has urged the Government to target any energy bills support to those most in need, as he insisted the supplier was “working really hard” to limit the price shock facing households over the summer.
Energy bills are expected to increase substantially from July when Ofgem sets its next price cap, due a recent spike in oil and gas prices caused by war in the Middle East.
Chris Norbury, chief executive of E.On UK, one of the UK’s biggest energy suppliers, told the Press Association: “It is a picture that moves every day.
“We spend a lot of time anyway, and particularly at the moment, with the energy markets team looking at what’s happening to wholesale markets through the observation window for the price cap.”
The Thames Valley Police Abingdon unit arrested a man for “breaching court bail conditions” on Saturday, August 29.
A spokesperson said: “On Saturday, PC Hackett attended reports of a male breaching court bail conditions.
READ MORE: Public told ‘DO NOT APPROACH’ as wanted man sighted in Oxford centre
“With assistance from PC Ellingworth and PC Harvey, the male was arrested. Following a search, a knife was recovered from his possession.”
In a wide ranging update, the force also revealed it had supported in a “concern for welfare incident linked to the night-time economy.
In addition, it had carried out licensing checks across Abingdon with drug wipes used and sent off for testing
OXFORD Mail Camera Club members have been taking photos of their dogs
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The collision happened on the southbound carriageway between Junction 6 for Lewknor and Junction 5 for Watlington in the late morning on Saturday, August 29.
The emergency services attended the scene and closed the road,
National Highways said lanes two and three of the three-lane motorway were shut as a result while crews dealt with the incident, leading to delays of around 40 minutes.
Congestion was worsened by separate lane closures between Junctions 4 and 5 in both directions following damage to the central reservation from an earlier incident.
Traffic built up on approaches to the crash, with nearby areas including Stokenchurch and Lewknor also affected.
Images from traffic cameras showed long queues of vehicles and emergency workers at the scene throughout the afternoon.
AA Travel also reported that one lane was closed on the northbound carriageway between Handy Cross and Stokenchurch due to emergency repairs.
National Highways later confirmed that all southbound lanes between Junctions 6 and 5 had reopened and that the lane closures linked to the earlier incident were also being removed.
Despite the reopening, delays of around 40 minutes remained on the approach as traffic slowly returned to normal.
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