Exclusive: Revolut, Octopus mull joining Pisces July 2, 2025 Revolut, Octopus and Oaknorth are among billion-pound businesses weighing joining the new Pisces private stock market after being courted by prospective operator London Stock Exchange Group, City AM can reveal. The fast-growing firms were part of a group of around two dozen major businesses who attended a private conference hosted by LSE boss Julia Hoggett [...]
Zonal pricing proposals backed by peers June 5, 2025 Plans to introduce a “zonal pricing” regime to the UK’s electricity market have been backed by an influential group of Lords. A report from the Industry and Regulators Committee found regional pricing “should enable better use of existing grid capacity” and lower the cost of electricity, provided the transition and its risks are “managed well.” [...]
Victims of forced prepayment meter installation to receive £18.6m May 28, 2025 Tens of thousands of Brits are set to receive compensation after being forced to install prepayment devices in their homes. Eight energy suppliers will be writing off debts or providing compensation – valued at a total of £18.6m – to at least 40,000 consumers. This follows a review by Ofgem, the national energy regulator, which [...]
SSE boss: Zonal pricing would be a ‘huge mistake’ May 21, 2025 Introducing a zonal pricing scheme to the UK’s electricity market would be a “huge mistake,” the chief executive of SSE has said. Writing in City AM, the Scottish energy firm’s outgoing boss Alistair Phillips-Davies argued such a move would create a “postcode lottery” where some households would pay £200 to £300 more “simply because of [...]
Octopus and Utility Warehouse: suppliers to pay £7m after Ofgem price cap breach May 9, 2025 Octopus Energy and Utility Warehouse are among ten UK energy suppliers ordered to refund and compensate over 34,000 customers after an Ofgem investigation uncovered systemic overcharging linked to technical billing errors. The total payout of 7m – comprising £5.6m in direct refunds and nearly £1.4m in goodwill payments – follows a compliance review by the [...]
‘It’s tragic that Britain hasn’t made Greg Jackson a national hero’ March 31, 2025 The billionaire founder of Octopus Energy, Greg Jackson, should be recognised more for his achievements in business and made a national hero, according to marketing veteran Rory Sutherland. The vice chairman of Ogilvy added it’s “tragic” that the UK doesn’t “make more heroes of our really innovative business successes” in the way the USA does. [...]
Octopus sees ‘electric’ demand for shares in green energy projects February 20, 2025 A new investment platform allowing consumers to purchase shares in green energy projects has sold out within its first week. Octopus Energy had initially offered investors the chance to buy holdings in two wind turbines via the platform, which is known ‘the Collective’. Such has been the level of demand for the scheme that the [...]
Octopus Energy: Profit slashed as Greg Jackson’s giant battles rising costs February 4, 2025 Profit has been slashed at Octopus Energy as rising costs and falling sales ate into its margin during the giant’s latest financial year. For the 12 months to 30 April, 2024, the group reported a net profit of £83m, down from the £203m it posted in the prior year. Its revenue also dipped from £12.54bn [...]
AI deepfake scams hit FTSE 100 bosses July 10, 2024 Back in May, the chief executive of WPP revealed he was targeted by a deepfake scam which involved his voice being cloned on a company Microsoft Teams call.
Octopus Energy-backed EV charging network Be.EV raises £55m June 26, 2024 EV charging network Be.EV, which is backed by Octopus Energy, has raised £55m from Natwest and Germany's KfW IPEX-Bank.