Opus Energy Limited
TypePrivate
IndustryUtilities
Founded2002
HeadquartersDrax Power Station, England, UK
Key people
Paul Sheffield, (Managing Director)
ProductsElectricity, Gas
Number of employees
860 (January 2017)
ParentDrax Group
Websiteopusenergy.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

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. ↑ "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. ↑ "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. ↑ "2021 business spending and supplier review". Reducer.
  4. ↑ "Our energy sources". Opus Energy. Retrieved 26 April 2019.
  5. ↑ "Research suggests SMEs favouring on site renewable energy". Retrieved 17 April 2012.
  6. ↑ "Opus Energy announces 100% renewable electricity in 2020 Fuel Mix Disclosure". www.opusenergy.com. Retrieved 2020-10-16.
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