Octopus energy

  • Business supply and services

    Supplier of Last Resort true-ups confirmed by Ofgem

    Ofgem has published its decision documents confirming the Supplier of Last Resort (SoLR) true-up claims submitted by energy suppliers and the amounts it has agreed as part of their SoLR levy claim. In this week’s 'Chart of the week', we review the SoLR true-up claims.

  • Home supply and services

    Market share shifts: Octopus Energy’s acquisition of Bulb accelerates growth

    On Saturday 29 October BEIS confirmed it had approved the transfer of Bulb’s 1.5mn customers, as well as 650 employees, to Octopus Energy. In this week's 'Chart of the Week', we look back over time at the two suppliers and the growth Octopus Energy has seen through organic means and...

  • Home supply and services

    Chart of the week | One in (half) a million: Domestic medium supplier growth

    Ten medium suppliers now hold a 23% share of the domestic energy market, based on data from our Q220 Domestic Market Share Survey. In the three months to the end of April, we noted strong growth by the medium suppliers (adding over half a million energy accounts) and changes to...

  • Energy storage and flexibility

    Chart of the week | What’s in it for me? Household grid balancing

    The current dearth in energy demand and high renewable generation has brought the need for flexible consumption sharply into focus. Last weekend, Octopus Energy paid thousands of smart meter customers to use energy. Industry is now seriously looking at how households will be supported in their participation in demand side...

  • Home supply and services

    Chart of the week | Suppliers struggle for profitability

    This week many suppliers have agreed to a series of measures to ameliorate the effects of the Coronavirus on vulnerable consumers. This is no doubt the right thing to do but will come at a cost. In what position are they to take this cost? This Chart of the Week...