Ovo Energy
Latest news for Ovo Energy, also known as Ovo, with breaking news and updates on the latest prices, deals, revenue, and more for the British utilities company.
www.newsnow.co.ukHere are the latest updates on Ovo Energy as of May 11, 2026:
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Ovo Energy has been in play as regulators and investors pursue a turnaround plan, with ongoing discussions about capital requirements and profitability. Several reports in late 2025 described plans to cut jobs as part of cost-saving measures while Ovo sought new equity from investors. These developments reflect the broader regulatory scrutiny of UK energy suppliers and Ovo’s efforts to restore financial resilience.[1][3]
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In May 2026, reports indicate Ovo Energy was considering a takeover by E.ON, with statements from both sides suggesting that customer tariffs would be honoured during regulatory review and that the deal could create Britain’s largest energy supplier. Regulatory approval remains a key step before any final agreement.[2]
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Ovo has publicly emphasized that it remains committed to its customers and to a transition to zero carbon, highlighting assurances that existing contracts would be honored if and when a takeover proceeds. The company’s leadership has framed the potential deal as a positive step for customers, employees, and the broader energy transition.[2]
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Citations:
- Ovo’s 2025-11 coverage on costs and job cuts[1]
- May 2026 takeover talks with E.ON and customer protections[2]
- Ovo commentary on zero-carbon transition and customer assurances[2]