Octopus expects £100m energy crisis hit Octopus Energy has said it expects to incur around £100 million of losses as it absorbs the impact of wholesale price increases for its customers. The company is currently buying...

[UK Sentinel]

Octopus Energy has said it expects to incur around £100 million of losses as it absorbs the impact of wholesale price increases for its customers. The company is currently buying energy for about £2,000 for an average home and selling it for £1,300. The figure is included in the group’s financial results for 2020/21. Meanwhile, Octopus has also announced its launch into the French market via a new acquisition.

https://utilityweek.co.uk/octopus-expects-100m-energy-crisis-hit/

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