Octopus Acquires Shell’s Domestic Energy Supply, Adding 2 Million New Customers

Octopus Energy Swallows Shell Energy, Gains 2 Million New Customers

Octopus Energy just made a splash by snapping up Shell’s electricity and gas business in the UK and Germany. The deal adds a whopping 2 million new customers to Octopus’s roster.

Why the Big Move Matters

Octopus had already wrapped up 500,000 of Shell’s broadband customers in the UK and Germany.
Now it’s adding 1.4 million more energy‑loving faces.
With these numbers, Octopus will be the second‑largest supplier in the UK, just under 6.5 million customers strong.
That’s a tidy shot above British Gas, which sits at just over 1 million.

What the CEOs Are Saying

Greg Jackson, Octopus CEO said, “After a rigorous vetting process, we’re thrilled to welcome Shell Energy Retail into the Octopus family. We’ve proven we can pull off game‑changing service while relentlessly pushing for cheaper, cleaner power.”

Steve Hill, Shell Energy EVP added, “This follows our Capital Market Day announcement to divest our European retail operations. By focusing on the right markets, we’ll drive performance and simplicity. We’ll work closely with Octopus to make the transition seamless and keep service quality high.”