Octopus Energy's Kraken platform meets Avro customers' needs

By Dominic Ellis
Customers with credit in their Avro Energy account will be moved to their Octopus Energy account

Octopus Energy has been appointed by energy regulator Ofgem to take over the customers of Avro Energy, which is undergoing administration.

"Our responsibility is to ensure that Avro’s customers are well looked after," it said in a statement. "We offered to take on this responsibility because we believe that our technology platform (Kraken) will make the change as smooth and straightforward for their customers as possible."

It added that it has a strong track record in large customer migrations and would like to reassure customers that there will be no interruption or impact to their energy supply. If they have credit with Avro, it is protected, and will be moved to their Octopus Energy account. Customers will be contacted within the next 48 hours.

"We’re also working with the administrator of Avro to inform what opportunities there might be for Avro Energy’s staff in the wider Octopus Energy Group, and particularly at Octopus's operations hub in Leicester," it said.

Neil Lawrence, Ofgem’s director of retail, said: "We understand that this news may be unsettling for customers, however they do not need to worry. Their energy supply will continue as normal, and customer credit balances will be honoured.

“Your energy supply will not be interrupted. Octopus Energy will be in contact with customers over the coming days with further information. Once the transfer has been completed, customers can shop around for a better deal if they wish to.”

The recent increase in wholesale global gas prices continues to be a cause of concern for consumers, businesses and energy suppliers across the UK.

A joint statement from Business and Energy Secretary Kwasi Kwarteng and Ofgem Chief Executive Jonathan Brearley said: 

“We want to be clear that this is not an issue of supply – the United Kingdom benefits from having a diverse range of gas supply sources with capacity that can more than meet demand ... in the event an energy supplier fails, we are committed that consumers face the least amount of disruption possible – and there are clear and well-established processes in place to ensuring this is the case."


Featured Articles

UK Government awards £54mn in heat network funding

Funding will support the development of schemes in London, Bedfordshire and Woking that use low-carbon heat sources

Shell posts $11.5bn second quarter profit

Shell's earnings fuelled by ongoing price rises and geopolitical instability as the energy major places greater focus on natural gas investments

bp opens first electric truck fast-charging facilities

Operated by bp’s Aral brand, the retail site at Schwegenheim in Rheinland-Pfalz has two 300kw chargers intended for electric trucks

Shell commits to developing Jackdaw gas field in North Sea

Oil & Gas

Prospex Energy raises £1.87m for Selva gas field development

Oil & Gas

Shanghai Electric Group launches low carbon business