Britain’s Octopus grabs nearly 100,000 German energy customers

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Reuters UK

By Vera Eckert, Tom Käckenhoff and Christoph Steitz FRANKFURT/DUESSELDORF (Reuters) – Britain’s Octopus Energy said it is nearing 100,000 German retail electricity and gas customers as its low overhead model makes inroads in a marketplace hit by wholesale price surges. With three million customers in Britain and a presence in Spain, Italy, Japan, Australia, New Zealand and the United States, Octopus is targeting one million of Germany’s 41.5 million households by 2024. “We are just days away from cracking the number of 100,000 customers,” Andrew Mack, its Chief Executive in Germany, said. “We …

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