All the updated news related to octopus energy

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Octopus boss says energy supplier will listen to and help customers

The boss of Octopus Energy has said the company will help people struggling to pay their bills as he warned that energy prices could get even higher. Chief executive Greg Jackson said there is “no hiding” the fact that energy costs have risen ...

03 Apr 2022 at 12:55

City

Stream of customers moving to energy supplier Octopus slows as gas price spikes

The number of customers choosing to switch to Octopus Energy has slowed in the last nine months as a surging gas price took away some of the company’s competitive edge. The business used cheaper prices to attract about 15% of all households ...

29 Jan 2022 at 02:25

News

Energy suppliers granted £1.8 billion for taking on customers from failed firms

Energy suppliers that took on the customers of their failed rivals will be able to claim back more than £1.8 billion by adding it to the bills of households and businesses. Regulator Ofgem said it had approved payments to eight different ...

22 Dec 2021 at 18:20

More than 300,000 sign up for trial to save on energy bills

Nearly a third of a million households have signed up for a programme to help them save on their energy and reduce the risk of power cuts this winter. Octopus Energy said that 320,000 of its customers had decided to sign up to the ...

01 Nov 2022 at 01:01

City

Octopus Energy ‘on brink of securing Government-backed deal to buy Bulb’

Octopus Energy is on the brink of sealing a deal to buy Bulb, its collapsed rival that has been run with billions of pounds of Government support for nearly a year, according to reports. The Government could as early as this week ...

27 Oct 2022 at 16:06

How to get paid £100 for not using electricity, and other ways to save on bills

The UK’s fourth largest energy supplier has signed up to a National Grid-led programme which could pay customers around £10 a day if they change their electricity use. Octopus Energy said its 1.4 million customers with smart ...

07 Oct 2022 at 17:00

Ofgem should bring down standing charge, energy boss says

Ofgem should help drive down standing charges for energy bill payers around Britain, the head of one of the country’s largest suppliers has said. Octopus Energy boss Greg Jackson said that many customers cannot understand ...

26 Sept 2022 at 08:19

British Gas to pay customers to use less electricity

Britain’s largest energy supplier will become the latest to pay its customers to reduce the amount of electricity that they use during peak hours in order to help take pressure off the grid. British Gas said that it ...

01 Dec 2022 at 01:01

National Grid will not trigger plan to help reduce blackout risk on Tuesday

Worries over Britain’s power supply on Monday and Tuesday evenings have been allayed as National Grid decided not to trigger an emergency plan to pay households to reduce electricity use and withdrew a warning of ...

28 Nov 2022 at 16:57

City

Octopus energy gets Government approval for deal to buy collapsed rival Bulb

Octopus Energy has sealed a deal to buy Bulb, its collapsed rival which has been run with billions of pounds of Government support for nearly a year. On Saturday, Octopus announced it is taking on Bulb’s 1.5 ...

29 Oct 2022 at 12:46

Ovo joins calls for overhaul of household energy standing charges

Energy firm Ovo has joined calls for energy standing charges to be abolished for vulnerable customers as it confirmed it will not be passing on the latest increase from October 1. Ovo chief executive Raman ...

05 Sept 2023 at 06:48

City

Octopus Energy valuation jumps to nine billion dollars as investors double down

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. Generation Investment Management and Canada ...

07 May 2024 at 15:45

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