Soundness of mind

How safe is octopus energy from going bust?

Octopus Energy is a UK-based energy supplier that is backed by a major international investor, making it one of the safest energy companies in the UK. The company is financially secure and has been in business for over 15 years. Octopus Energy also has a strong commitment to customer service and has won numerous awards for its customer satisfaction levels. In addition, the company is regulated by Ofgem, the UK energy regulator, to ensure that customers are safeguarded against any potential financial losses.

How is Octopus energy doing in the crisis?

Octopus Energy, a UK-based energy supplier, has seen significant growth during the COVID-19 pandemic. The company has seen a surge in demand for its services, with customer numbers rising by more than 100,000 in 2020. Octopus has also seen a significant increase in profits, with the company reporting a pre-tax profit of £61.4 million for the year ending 30 April 2020, compared to £20.3 million the previous year. Octopus has also innovated during the crisis, launching an online platform which allows customers to switch suppliers quickly and easily. The company is well-positioned to continue to grow in the wake of the pandemic.

Is Octopus a safe energy supplier?

Octopus Energy is one of the fastest-growing energy suppliers in the UK and has been accredited with the highest rating for customer service by Citizen’s Advice. The company has also been awarded the Which? Recommended Provider award for 2020. Octopus Energy is committed to providing customers with a safe, reliable, and low-cost energy supply. Additionally, Octopus Energy is a member of the Energy Ombudsman Service, which provides customers with a free, independent dispute resolution service in the event of any issues.