Octopus Energy is an electricity and gas supplier in the United Kingdom, established in 2015 as a subsidiary of Octopus Group, a British asset management company. As of March 2019, the company has over 600,000 domestic and business customers.
|Industry||Electricity and gas supply|
|Headquarters||1 Upper James Street, London W1F 9DE|
|Greg Jackson (CEO)|
By April 2018, the company had 198,000 customers and had made an energy procurement deal with Shell. Later in 2018, Octopus gained the 100,000 customers of Iresa Limited, under Ofgem's "supplier of last resort" process, after Iresa ceased trading. The same year, Octopus replaced SSE as the energy supplier for M&S Energy, a brand of Marks & Spencer, and bought Affect Energy, which had 22,000 customers. In March 2019, Octopus had more than 600,000 customers.
The company does not generate gas or electricity, instead making purchases on the wholesale market. Octopus Group claims to be the UK's largest investor in solar farms, and also invests in wind power and anaerobic digesters. As of 2019, Octopus Energy stated that all its electricity came from renewable sources, and it offered a "green" gas tariff with carbon offsetting.
Besides industry-standard fixed and variable tariffs, the company is known for innovative tariffs which are made possible by the national rollout of smart meters. These include:
The Big Six are the United Kingdom's largest energy suppliers, supplying gas and electricity. The Big Six are British Gas, EDF Energy, E.ON, Npower, Scottish Power, and SSE.
As of Q3 2018, the Big Six held a combined market share of 75% for electricity supply and 73% for gas supply in Great Britain. They previously held a combined market share across both markets of 100% in 2004.British Energy Efficiency Federation
The British Energy Efficiency Federation (or BEEF) was founded in 1996 by the United Kingdom Government to provide a forum for consultation between existing industry associations in the energy sector.Coal Authority
The Coal Authority is a non-departmental public body of the United Kingdom government.EnQuest
EnQuest plc is an independent United Kingdom-based petroleum exploration and production company which operates mainly in the United Kingdom Continental Shelf. EnQuest shares are included on the main list of the London Stock Exchange and the firm holds a secondary listing on Nasdaq OMX Stockholm.Energy Institute
The Energy Institute (EI) is a UK chartered professional membership body.Energy Retail Association
The Energy Retail Association (ERA) was a trade association which promoted the interests of electricity and gas retailers in the domestic market in Great Britain, formed in 2003. In April 2012 it merged with the Association of Electricity Producers and the UK Business Council for Sustainable Energy to become Energy UK.Expro
Expro (officially Expro International Group) is an international oil and gas service company, specializing in well flow management, headquartered in Reading, United Kingdom.Franco-British Nuclear Forum
The first meeting of the Franco–British Nuclear Forum was held in Paris in November 2007, chaired by the Minister for Energy and the French Industry Minister. The working groups are focusing on specific areas for collaboration. A follow-up meeting on the issue in London was planned for March 2008, but did not take place.John Wood Group
John Wood Group PLC is a multinational energy services company with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.New Electricity Trading Arrangements
New Electricity Trading Arrangements (NETA) is the system of market trading arrangements under which electricity is traded in the United Kingdom's wholesale electricity market as of 27 March 2001. The arrangements provided that parties could trade off their imbalances close to real time.Opus Energy
Opus Energy Limited supplies gas and electricity to businesses across the United Kingdom. It purchases electricity from wind, solar, hydro, and anaerobic digestion generators, and provides support to develop energy-generating sites. It is headquartered in Northampton, United Kingdom with an additional office in Oxford.Regal Petroleum
Regal Petroleum plc is a petroleum company based in London with assets in Romania, Ukraine, Greece, and Egypt. It was founded by Frank Timiş in November 1996, and is listed on the London Alternative Investment Market.Richer Sounds
Richer Sounds is a British home entertainment retailer that operates online and through a chain of 53 stores, mainly in England. The business was 100% owned by Julian Richer, the founder and managing director of the company, who in 2019 passed 60% of shares to an employee owned trust.Score Group plc
Score Group plc is an international engineering business based in Peterhead, Scotland.Sunbury Research Centre
The Sunbury Research Centre -- also known as ICBT Sunbury -- is a main research institute of BP in north-east Surrey.UK Power Networks
UK Power Networks is a distribution network operator for electricity covering South East England, the East of England and London. It manages three licensed distribution networks (Eastern Power Networks PLC, South Eastern Power Networks PLC and London Power Networks PLC) which together cover an area of 30000 square kilometres and approximately eight million customers.
In 2014 UK Power Networks was awarded £25 million from the electricity regulator Ofgem's Low Carbon Networks Fund for the Low Carbon London project. In 2011 it was awarded £6.7 million by Ofgem for another project, Flexible Plug and Play, which is researching new ways, technical and commercial, to connect renewable energy to the distribution network in Cambridgeshire.
As well as the three distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for clients including London Underground, Heathrow and Stansted airports, Docklands Light Railway and Canary Wharf.WesternGeco
WesternGeco is a geophysical services company. It is headquartered in the Schlumberger House on the property of London Gatwick Airport in Crawley, West Sussex, in Greater London.Western Power Distribution
Western Power Distribution is the trading identity of four electricity distribution companies - WPD South West (operating in South West England), WPD South Wales (operating in South Wales) and WPD Midlands (operating in East Midlands and West Midlands). All of the companies act as the distribution network operator for their respective regions, and are registered in Bristol, England. Western Power Distribution serves approximately 7.7 million customers over its combined distribution areas.
Western Power Distribution is a subsidiary of the American utility corporation PPL.
It should not be confused with WPD, a wind farm company in north-western Europe, or Western Power Corporation, an electricity distributor in Australia.
United Kingdom power companies
|Big Six suppliers|