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
Company type | Private |
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Industry | Utilities |
Founded | 2002 |
Headquarters | Drax Power Station, England, UK |
Key people | Paul Sheffield, (Managing Director) |
Products | Electricity, Gas |
Number of employees | 860 (January 2017) |
Parent | Drax Group |
Website | opusenergy.com |
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]
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]
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.