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The Latest Breaking News from Octopus

How Much Does The Octopus Energy Heat Pump Really Cost? Company Slammed For Misleading Ads

UK regulator bans Octopus Energy ad for misleading £500 heat pump claim.

International Business Times UK

Octopus Energy ad banned over heat pump cost claim

The Facebook ad, seen in September, included claims that consumers could have a heat pump installed from ‘as little as £500’.

Evening Standard

Octopus Energy advert banned for misleading £500 claim

The energy giant disputed the Advertising Standards Authority’s ruling

The Independent UK

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Fears UK gas stockpile to drop for winter as British Gas owner plans sell-off

Centrica keen to stem losses from North Sea Rough storage after company profits halve

The Guardian - UK

Centrica calls for new customer ban on rival Octopus amid row over Ofgem rules

Centrica chief executive Chris O’Shea claimed that regulator Ofgem was not enforcing recent financial resilience rules.

Evening Standard

Octopus Energy Fined £1.5m by Ofgem: How Much Will Customers Get?

Ofgem fines Octopus Energy £1.5m for failing to issue final bills to thousands of prepayment customers. The supplier claims no complaints were made.

International Business Times UK

'Not good enough': Octopus Energy boss slams UK zonal pricing snub

THE boss of Octopus Energy has warned of “soaring” energy costs being “locked in for years to come” amid Ed Miliband reportedly ditching…

The National (Scotland)

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Ed Miliband abandons plan to charge less for electricity in Scotland

Energy minister decides against ‘zonal pricing’ backed by Octopus founder but opposed by many other energy firms

The Guardian - UK

Why has Octopus Energy launched a wasted wind tracker?

A live “wasted wind” tracker has been launched by Octopus Energy in recent days to show how much the UK’s “broken” system is costing…

The National (Scotland)

Octopus Energy to pay out £1.5m over thousands of bill errors

Supplier failed to issue final bills to 34,000 prepayment customers who stopped using it, Ofgem finds

The Guardian - UK

Octopus Energy to pay £1.5 million for prepayment meter billing errors

OCTOPUS Energy is to pay £1.5 million in refunds and compensation after it failed to provide customers with final bills within six weeks, Ofgem has…

The National (Scotland)

Octopus energy to pay £1.5m in compensation for bill errors – are you eligible?

Ofgem found more than 34,000 prepayment meter customers between 2014 and October 2023 did not receive final bills within six weeks.

The Independent UK

Octopus Energy pays £1.5 million for prepayment meter billing errors

Ofgem found more than 34,000 prepayment meter customers between 2014 and October 2023 did not receive final bills within six weeks.

Evening Standard

Octopus launches live ‘wasted wind' tracker to show cost of 'broken energy system'

OCTOPUS Energy has launched a live "wasted wind" tracker to show the cost of the UK's "broken energy system" to millions of…

The National (Scotland)

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The National (Scotland)

Zonal pricing could save Scottish glass sector £20 million, report says

SKY-high electricity prices could be cut dramatically for the Scottish glass manufacturing sector if zonal pricing is introduced, a fresh report has…

The Independent UK

Octopus Energy issues urgent warning to households which will see meters deactivated this month

The equipment which broadcasts the signal will be switched off on 30 June – which will affect more than 300,000 customers

The Guardian - UK

Ten UK energy firms to pay £7m in compensation after overcharging error

Ofgem review showed more than 34,000 customers were erroneously billed more for standing charges

The Independent UK

Revolut to join the mobile phone plan shake-up with key roaming offer included

The fintech company already offers an eSIM product, while the Octopus Group

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The Independent UK

Octopus Energy told to pull ‘misleading’ energy switch ads after British Gas complaint

‘Most homes would save with Octopus,’ one of the adverts claimed

The Independent UK

Watchdog partially upholds complaints about ‘misleading’ Octopus Energy ads

The ASA said the ads were not clear that those on a fixed tariff with another supplier might not necessarily save if they switched to Octopus.

The National (Scotland)

Boss of major energy firm opposes Octopus zonal pricing push

THE boss of a major energy firm has criticised zonal pricing plans in the UK, branding the idea "superficially attractive"

The Guardian - UK

British Gas to take on 90,000 customers of collapsed Rebel Energy

Ofgem makes decision over which firm inherits household and business customers of failed supplier

The National (Scotland)

Octopus Energy hits back at wind firms' 'untenable' attack on zonal pricing

An Octopus Energy boss has hit back at offshore wind firms that are urging the UK Government to rule out introducing zonal pricing.

The National (Scotland)

Scotland can lead data centre boom – if UK brings in zonal pricing, tech giants say

A REPORT backed by tech giants has urged the UK Government to reform the energy market to encourage a data centre boom in Scotland ...

Evening Standard

Octopus Energy profits fall amid surge in customers and renewables investment

The supplier’s customer base grew to 7.3 million across the UK in its most recent financial year, making it the country’s largest energy supplier.

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