Octopus Energy is launching a trial scheme with the National Grid in which households will be paid to restrict electricity usage during peak…
Continue ReadingNew Investment Boosts Value of Octopus Energy to £3.7bn
Written by Lauren Smith in Energy Suppliers Renewable Energy
A US$300 million investment from the Canada Pension Plan (CPP) Investment Board will allow British company Octopus to expand its Kraken platform and…
Continue ReadingAs its British rivals go under, cash-flush and ambitious Octopus is expanding into the Italian energy market, acquiring supplier SATO Luce e Gas.
Continue ReadingOctopus to Raise £4bn to Expand its ‘Fan Club’ Model for Local Renewables
Written by Lauren Smith in Energy Suppliers
The Octopus Energy Group plans to raise £4 billion to fund the global expansion of its ‘Fan Club’ model, which offers households discounted…
Continue ReadingOctopus to Take on Customers of Avro Energy, Shell to Take Green’s
Written by Lauren Smith in Energy Suppliers
Ofgem has found two energy suppliers to take over the more than 800,000 customers abandoned by the collapse of Avro Energy and Green…
Continue ReadingRapidly-growing supplier Octopus Energy has extended its tentacles into Spain, acquiring Valencia-based green startup Umeme Energía in a “multi-million” pound deal.
Continue ReadingCitizens Advice Slams Energy Suppliers for Inaccurate Bills
Written by Lauren Smith in Energy Suppliers
Citizens Advice is warning of a “huge chasm” between the customer service performance of Great Britain’s best and worst gas and electricity suppliers,…
Continue ReadingQuarter of Young People Don’t Understand Their Energy Bills
Written by Lauren Smith in Energy Suppliers Household & Bills
One in four young people struggle to understand common terms used in energy bills and as a result, may be paying too much…
Continue ReadingA sign-up blitz and efficiencies enabled by its proprietary software Kraken helped energy supplier Octopus grow its revenue by 160% in the 2019-20…
Continue ReadingE.ON has completed the migration of two million former Npower customers to its E.ON Next customer service platform, powered by Octopus’s Kraken.
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