:Opus Energy

{{Infobox company

| name = Opus Energy Limited

| logo = Opus Energy logo.svg

| type = Private

| industry = Utilities

| key_people = Paul Sheffield, (Managing Director)

| products = Electricity, Gas

| revenue =

| operating_income =

| net_income =

| num_employees = 860 (January 2017)

| foundation = 2002

| location = Drax Power Station, England, UK

| parent = Drax Group

| homepage = {{URL|http://www.opusenergy.com/|opusenergy.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.{{Cite news | url = https://www.theguardian.com/business/2016/dec/06/drax-coal-opus-energy-gas-plants | title = Drax moves away from coal to bid on Opus Energy and gas plants | agency = Reuters | date = 2016-12-06 | newspaper = The Guardian | language=en-GB | issn=0261-3077 | access-date = 2016-12-06}} The deal completed on 10 February 2017.{{cite web | url = https://www.drax.com/wp-content/uploads/2017/02/FYR-2016-RNS-Final.pdf | title = Preliminary results for the twelve months ended 31 December 2016 | date = 2017-02-16 | publisher = Drax Group | access-date = 2017-07-03 | quote = 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.}}

In 2021 Opus Energy was the 2nd largest provider of business gas in the UK and the 5th largest provider of business electricity.{{cite web |title=2021 business spending and supplier review |url=https://reducer.co.uk/business-spending-and-supplier-review#suppliers |website=Reducer}}

In 2025, Opus Energy was listed as a recommended business energy supplier by EnergyCosts.co.uk, due to its "competitive energy prices, flexibility in tariffs, and a commitment to green energy".{{Cite web |title=Opus Energy Pricing and Tariffs Review |url=https://www.energycosts.co.uk/opus-energy/ |website=EnergyCosts.co.uk}}

Operations

Opus Energy sources its electricity from renewable sources.{{cite web|title=Our energy sources|url=https://www.opusenergy.com/our-energy-sources/|website=Opus Energy|access-date=26 April 2019}}

Opus Energy provides a power purchase agreement product whereby it offers to buy excess power from companies who create their own renewable energy.{{cite web|title=Research suggests SMEs favouring on site renewable energy|url=http://www.cospp.com/articles/2012/02/research-suggests-smes-favouring-on-site-renewable-energy.html|access-date=17 April 2012}}

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.{{Cite web|title=Opus Energy announces 100% renewable electricity in 2020 Fuel Mix Disclosure|url=https://www.opusenergy.com/blog/opus-energy-100-percent-renewable-electricity/|access-date=2020-10-16|website=www.opusenergy.com|language=en}}

References