Octopus Energy
| Use attributes for filter ! | |
| Founded | 2015 |
|---|---|
| Headquarters | London |
| United Kingdom | |
| Key people | Greg Jackson (CEO) |
| Parent organizations | OCTOPUS CAPITAL LIMITED |
| Subsidiary | Affect Energy Limited |
| Date of Reg. | |
| Date of Upd. | |
| ID | 875234 |
About Octopus Energy
Octopus Energy is an electricity and gas supplier in the United Kingdom, established in 2015 as a subsidiary of Octopus Group, a British asset management company. As of March 2019, the company has over 600,000 domestic and business customers.
Discounts return to cut electricity use amid cold snap
... Octopus Energy confirmed it would sign up for Wednesday s session...
Octopus to buy Shell's household energy firm
... Octopus Energy said that it will take over providing energy for 1...
Storm power cuts: Maximum compensation nearly triples to £2,000
... On Next, Octopus Energy and Good Energy were previously fined £8m in total for failing to pay compensation in time for missing final bill deadlines...
AI: Workers need more protection - TUC union
... It comes as the boss of Octopus Energy told the BBC its customers prefer emails written by AI over his staff...
Energy firms warned against paying dividends
... 8bn and has since been taken over by Octopus Energy...
Government heat pump scheme misses first year target
... Major energy suppliers Octopus Energy and EDF are now offering heat pumps for less than £3,000 for some properties...
Rishi Sunak seeks closer ties with Japan ahead of G7 summit
... Octopus Energy is set to invest £1...
Renewable energy projects worth billions stuck on hold
... Energy companies like Octopus Energy, one of Europe s largest investors in renewable energy, say they have been told by National Grid that they need to wait up to 15 years for some connections - far beyond the government s 2035 target...
Octopus to buy Shell's household energy firm
Octopus has announced it will buy Shell's household energy business in the UK and Germany.
Octopus Energy said that it will take over providing energy for 1. 4 million homes as well as broadband services for 500,000 customers.
Shell's customers are advised to " Sit Tight for now" as The Deal is not expected to be completed until later this year.
It is the latest expansion for Octopus which bought Bulb after its collapse.
That Deal - which rival energy providers challenged in the UK High Court over state support - Gave Octopus an additional 1. 5 million customers.
With Shell, its total customer base will grow to nearly 6. 5 million customers.
Shell and Octopus both refused to disclose how much The Business is being sold for.
Octopus said: " There will be a smooth transition and no disruption to customer energy supply, all Shell Energy and broadband customers will be contacted about The Next steps following regulatory approval.
" Customer credit balances are protected, and will automatically get transferred to their new account with Octopus together with their existing direct debits. "
Related TopicsSource of news: bbc.com
