Octopus energy is the UK's fourth largest energy provider, which boss Greg Jackson says he started because people were "paying too much" on their bills. The boss has now stated that it has "never made a profit".
Mr Jackson was grilled on everything from standing charges to electric blankets on ITV's Martin Lewis Money Show. The energy boss slammed soaring standing charges as harmful and "unfair" saying the UK "has to build more renewable energy to escape high energy costs "once and for all".
Octopus has also been inundated with 100,000 requests for free electric blankets from struggling households, he said. Greg, who grew up in Saltburn, according to TeesideLive, in the North East with his mother working behind a bar and studying while on benefit.
