Here’s the latest on Ovo Energy based on recent public coverage.
Workforce changes in 2025: Ovo Energy announced plans to cut hundreds of jobs as part of a turnaround effort while engaging with regulators and investors to restore profitability. This was reported by Sky News in November 2025, noting the potential scale as “several hundred” redundancies amid ongoing discussions with Ofgem and investors.[1]
Regulatory capital regime compliance: Ovo disclosed non-compliance with Ofgem’s capital adequacy rules in September 2025, stating it had taken proactive steps to align with the requirements. This followed earlier reporting that the firm was not technically compliant under the regime due to recent rule changes.[2]
Background and status: Ovo Energy remains one of the major UK household energy suppliers, serving several million customers and pursuing equity investments to strengthen its balance sheet, including talks with investors and strategic partners.[1][2]
If you’d like, I can pull more details on these items (e.g., exact numbers, timelines, and regulator statements) or look for the latest official Ovo updates and regulatory notices. I can also summarize how these developments might affect customers or energy market dynamics. Would you like me to dig deeper into any of these points or fetch official Ovo statements?
Citations:
The household energy supplier is expected to confirm plans to axe "several hundred" jobs as soon as the middle of next week as it continues talks with regulators and investors, Sky News learns.
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www.ovoenergy.comLatest London news, business, sport, showbiz and entertainment from the London Evening Standard.
www.standard.co.ukOVO has agreed the sale of its UK energy business to E.ON, subject to regulatory approvals.
www.ovoenergy.comLatest 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.ukLatest London news, business, sport, showbiz and entertainment from the London Evening Standard.
www.standard.co.ukStay up to date with the latest news and press releases from OVO. Discover updates, innovations and insights shaping the future of energy.
www.ovoenergy.comOvo, which has four million UK energy customers, tells Sky News it has "taken proactive measures" to move towards compliance with rules which have been criticised by larger rival Octopus Energy.
news.sky.com