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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
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.
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He founded Octopus Energy – a subsidiary of Octopus Group – in 2016, and by 2024 the company was valued at over $9 billion. [1] The company is now the largest energy supplier in the UK, the first company to supplant British Gas since market liberalisation in the 1990's [ 11 ] [ 12 ] [ 13 ] By 2024, Octopus Energy Group had raised over $2 ...
While “buy now, pay later”, or BNPL, schemes are typically interest-free, the larger size of the loan from Octopus will see customers charged a 9.9% annual percentage rate (APR).
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