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.
Octopus to repay £3bn of Bulb nationalisation costs after supplier’s collapse June 21, 2024 Octopus Energy will pay the UK government an early £3bn windfall after the company promised to reimburse all the public funds it received to take over the collapsed energy supplier Bulb.
Octopus Energy inks landmark agreement with Gresham House Energy Storage Fund June 5, 2024 Gresham House Energy Storage Fund has reached an important agreement with Octopus Energy.
Octopus Energy now worth over £7bn after two major investors up stakes May 7, 2024 Octopus Energy is now worth more than £7bn after two of its largest investors increased their stakes in the company.
Octopus Energy chief Greg Jackson: The world isn’t ready for China’s clean energy tidal wave February 28, 2024 Greg Jackson said the UK could be "subsumed" by China's clean energy drive unless policymakers move quicker