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 Northampton () is a market town and civil parish in the East Midlands of England, on the River Nene, north-west of London and south-east of Birmingham. The county town of Northamptonshire, Northampton is one of the largest towns in England; ...

, United Kingdom with an additional office in

Oxford Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

. It shares the same management as

Haven Power Haven or The Haven may refer to: * Harbor or haven, a sheltered body of water where ships can be docked Arts and entertainment Fictional characters * Haven (Anita Blake: Vampire Hunter), from the novel series * Haven (comics), from the ''X-Men ...

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 Drax Group PLC is a power generation business. The principal downstream enterprises are based in the UK and include Drax Power Limited, which runs a biomass and coal fueled power station, Drax power station, near Selby in North Yorkshire. The G ...

. The deal completed on 10 February 2017. In 2021 Opus Energy was the 2nd largest provider of business gas in the UK and the 5th largest provider of business electricity.

Operations

Opus Energy sources its electricity from

renewable A renewable resource, also known as a flow resource, is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of ti ...

sources. Opus Energy provides a

power purchase agreement A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial te ...

product whereby it offers to buy excess power from companies who create their own

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

. 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.

References

{{Electricity generation in the East Midlands Utilities of the United Kingdom Energy companies established in 2002 Companies based in Northampton Natural gas companies of the United Kingdom Electric power companies of the United Kingdom East Midlands 2002 establishments in the United Kingdom 2017 mergers and acquisitions