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Octopus Energy Group is a British renewable energy group. It was founded in 2015 with the backing of Octopus Group, a British asset management company.Headquartered in London, the company has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States.
Octopus’s customer base grew to 7.3 million across the UK during the year to April 2024, overtaking British Gas as the largest energy supplier in the country.
Octopus Energy was established in 2015 as a retail electricity and gas supplier in the UK, and by December 2019, had over 1.35 million domestic and business customers. . Under the Octopus Energy Group brand, it has expanded into energy for business and energy services, and licences its customer handling software to other energy supp
Gas, 100% renewable electricity and customer service are supplied by Octopus Energy. [5] The Authority states that any profits will be invested into delivering the Mayor's social and environmental goals.
Coming in first was Octopus Energy, the renewable energy supplier founded in 2015. Run by founder and CEO Greg Jackson, the company scored a winning 87.16 out of 100 in eight categories.
Octopus Energy’s valuation has jumped to nine billion US dollars (£7.2 billion) after two of its biggest investors increased their stakes in the business.
Shell Energy Retail Limited was a British consumer gas, electricity and broadband provider. [1] Formerly a subsidiary of Shell, the business was acquired by Octopus Energy in December 2023. The company purchased gas and electricity from international markets for resale to consumers.
Which? warned customers will vote with their feet and ‘switch away when this becomes an option’.