Octopus Energy has said it expects to incur around £100 million of losses as it absorbs the impact of wholesale price increases for its customers. The company is currently buying energy for about £2,000 for an average home and selling it for £1,300. The figure is included in the group's financial results for 2020/21. Meanwhile, Octopus has also announced its launch into the French market via a new acquisition.
Octopus expects £100m energy crisis hit
