Affect Energy purchased by Octopus Energy – what you need to know
Octopus Energy has bought small gas and electricity provider Affect Energy – if you're a customer, don't worry, you don't have to do anything.
Octopus Energy, which supplies around 350,000 customers, completed the purchase of Affect Energy, which has 22,000 customers, on Friday 31 August.
If you're an Affect Energy customer, nothing will change for you, and you'll even continue to pay your bills to Affect as normal – you don't need to actively do anything.
Most Affect Energy customers are based in West Sussex, and if you're based there, you can even continue to pay your bills at the Affect Energy office in Shoreham-by-Sea.
Check if you can save £100s/yr by switching your energy supplier by using our free Cheap Energy Club.
What do Octopus Energy and Affect Energy say?
Octopus Energy founder and chief executive Greg Jackson said: "Following the announcement of our partnership with M&S and taking on Iresa's 95,000 customers, this acquisition is another step in Octopus's ambition to transform the energy market.
"Affect's team deliver outstanding service to customers, and it's a pleasure to acquire such a special business as we continue to grow and learn."
Affect Energy chief executive and founder John Szymik said: "I am proud that we have built a business so beloved by customers.
"Octopus stood out among all energy retailers as the best company to take this to the next level, and I'm delighted at the opportunity this creates for our team and our customers."
Get Our Free Money Tips Email!
Have your say
This is an open discussion; anyone can post. Comments may be edited and are only published during the working day. Please report any spam or illegal, offensive, racist or libellous posts (incl username) to firstname.lastname@example.org.