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Originally Posted by 1andrew1
Fumdamentally flawed assumptions. Octopus is a dual fuel company so buys and sells electricity and gas like its peers, so faces the same challenges. It's been better at Bulb by doing what competitors like Shell Energy have done - buying energy in advance to match customers' tariffs.
Octopus has a small sideline in renting electric vehicles, Bulb has a small sideline in billing software. Neither is significant.
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Octopus Energy is part of the
Octopus Group. Their electricity is sourced from renewables, not gas generated.
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Octopus remains majority owned by Octopus Group, the £9bn UK investor in energy, technology and growth businesses. Octopus is the UK’s largest investor in solar energy, and has recently announced Australia’s largest solar farm.
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Where did Shell Energy get the money from, if not the Shell Group? Easy if you have rich "parents".