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Ecotricity was founded in 2013 by Al and Mark Yates. It is headquartered in Auckland, NZ. Ecotricity is Kiwi and Community owned and has the capacity to supply up to 30,000 household equivalent. [1] [2] [3] [4]
Ecotricity was a winner in the 2007 Ashden Awards for sustainable energy. The awards congratulated Ecotricity for its environmental contribution, saying: "The company's turbines are delivering 46 GW·h/yr of renewable electricity and avoiding around 46,000 tonnes of CO 2 emissions a year. The installed capacity is expected to double by the end ...
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The company's founder and Chief Executive Officer is Bill Bullen. The company specialises in prepayment (pay-as-you-go) metering. [1] In 2005, Utilita became the first company in Great Britain to install a smart electricity meter in the residential sector, and in 2008 Utilita became the first to install a gas and electricity smart meter system. [1]
Dale Vince (born 29 August 1961) is a British green energy industrialist. [6] A former New Age traveller, [7] he is the owner of the electricity company Ecotricity. [8] Born in Norfolk, he founded the Renewable Energy Company in 1995 and launched his first wind turbine in 1996.
Pay-as-you-go tax, or pay-as-you-earn tax; Pay-as-you-go pension plan; PAYGO, the practice in the US of financing expenditures with current funds rather than borrowing; PAUG, a structured financial product; A form of payment where the charge is only deducted at the point of usage, instead of paying for a specified service in advance, for example:
The company was required to refund and compensate those customers, the average amount being £109 per customer; and to pay £1.25 million into Ofgem's redress fund for "inadequate systems, processes and repeated inaccurate reporting of information to the regulator over an extended period". [21] [22]
The company was required to refund and compensate those customers, the average amount being £181 per customer; and to pay £10,000 into Ofgem's redress fund. [ 44 ] [ 45 ] In 2022, OVO Energy was ranked second worst (only behind Utilita ) in customer service by Citizens Advice .