Octopus acquires 70k accounts as Engie UK quits domestic market

Engie UK is to quit the UK domestic energy supply market and has sold its 70,000 domestic customers to Octopus Energy. Engie’s business energy customers and district energy supply operations are not affected by the acquisition; Engie said its strategic exit from the UK domestic energy market would allow it to focus on leading the zero carbon journey for businesses and local authorities

Octopus Energy has expanded from supplying 500,000 UK customers at the end of 2018 to 1.4 million, including Octopus Energy, Affect Energy, M&S Energy and Co-op Energy customers.  Octopus Energy for Business has around 10,000 customers.

The Engie customers will be transferred over the next few months, Octopus said. 

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