Everything You Need to Know About Octopus Energy
When was Octopus Energy founded?
Octopus Energy was founded in August 2015 and began trading in December 2015 by its parent company, Octopus Capital Limited. Although relatively new compared to the big six, the company has seen rapid growth.
Where is Octopus Energy based?
Octopus Energy is headquartered in London and has offices in Warwick, Brighton and Leicester in the UK, as well as in Australia, the USA and Germany.
How has Octopus Energy acquired its customers?
Octopus Energy has acquired customers by purchasing other energy companies, inheriting customers from other energy companies that have ceased trading, and replacing other energy companies as the energy supplier for certain brands such as M&S and Coop. This has allowed Octopus to grow quickly and reach over 12.9mn household energy accounts.
Octopus Energy has had an energy procurement deal with Shell, inherited customers from Iresa Limited after it ceased trading, replaced SSE as M&S energy supplier, and purchased Affect Energy in 2018. In 2019 Octopus entered into an agreement with Coop resulting in the gain of over 300,000 customers, and purchased the GB Energy and Flow Energy brands. In 2020, Octopus launched London Power, purchased Engie UK, and Upside Energy. Additionally, both Shell Energy and Bulb customers are now Octopus customers.
What energy companies has Octopus Energy acquired?
Octopus Energy purchased Affect Energy in 2018, GB Energy and Flow Energy in 2019, and ENGIE UK and Upside Energy in 2020. They have since also acquired Bulb and Shell Energy across the UK.
What markets does Octopus Energy serve?
Octopus Energy provides energy services in the UK and Germany.
Is Octopus Energy a unicorn?
A unicorn is a tech start-up valued at over £1 Billion. Octopus Energy became a unicorn in 2020 and achieved unicorn status thanks to an investment of £270 million from Australia’s Origin Energy. Currently, it has achieved double unicorn status thanks to a strategic partnership with Tokyo Gas.
Who is the CEO of Octopus Energy?
Octopus Energy was founded by Greg Jackson and Pete Miller in 2015. Greg Jackson currently holds the position of CEO.
Contacting Octopus Energy
Octopus Energy can be contacted by phone (0808 164 1088) or email ([email protected]). If you would like more information about how to contact Octopus Energy, you can visit their contact page on their website.
What is Octopus Energy’s mission statement?
“We’re doing energy better — for you and for the environment.” – Source.
How green is Octopus Energy?
Octopus Energy invests heavily in solar energy through its parent and sister companies Octopus Group and Octopus Renewables. It supports a range of renewable projects, encourages households and businesses to generate and sell energy back to the grid, invests in cutting-edge low-carbon technologies, and has started the Future Energy Research Centre. The company is also working to counteract worldwide carbon emissions by planting trees and has special tariffs designed for electric car owners.
Can I refer a friend to Octopus Energy?
Any Octopus Energy customer can refer a friend once they are signed up. This is all managed through the online dashboard. Once signed up you will be given your own unique link to share with your friends which you can use to split £100 between them, £50 each!
Is Octopus Energy good value for Money?
Whilst energy prices fluctuate and different companies have different promotions and offers at different times, Octopus Energy has repeatedly won the Which? Recommended Provider status, suggesting it is good value for money. Octopus is incredibly transparent with their pricing
Does Octopus Energy supply gas?
Yes. Although Octopus has aspirations of focusing on a 100% zero-carbon electric smart grid, the reality is that many households still need gas, so Octopus supplies it.
Does Octopus Energy supply electricity?
Yes. The company's main focus is to generate and provide 100% zero-carbon electricity.
Does Octopus Energy offer smart meters?
Many Octopus customers already have smart meters. Due to Covid-19, the smart meter roll-out has been slowed somewhat, however customers will be contacted when an engineer is available to install a smart meter. Read more about Octopuses' smart meter roll-out
Which tariffs does Octopus Energy offer?
Octopus Energy offers a competitive array of tariffs, including the Octopus Tracker, Super Green Octopus, Octopus 24M fixed, and Flexible Octopus.
FAQ: Understanding Energy Price Fluctuations
Why do Energy Prices Fluctuate?
Energy prices are subject to a wide range of factors, such as the cost of wholesale gas and electricity, as well as demand and renewable generation.
Most homes choose Octopus
Octopus Energy is on a mission to make green energy accessible. They offer a range of tariffs to suit different households, and their award-winning customer service has helped them become Britain's largest energy supplier by household accounts.
Why choose Octopus Energy?
Octopus Energy has repeatedly won the Which? Recommended Provider status. They are the largest energy supplier in Great Britain by household accounts, and are known for transparent pricing and excellent customer service. Visit the Octopus Energy website for current tariff details.
Britain's number 1 choice for energy
From the 1st of October 2024, Octopus Energy is the company with the most household energy accounts in Great Britain, serving 12.9mn household energy accounts.