Octopus Energy has announced plans to take over supply of Engie's 70,000 customers.

Octopus will adsorb Engie’s UK household energy business following the French firm’s decision to leave the UK domestic market. The acquisition follows a string of deals and partnerships in the last few years such as the recent launch of London Power with the Mayor of London.

Engie entered the UK residential energy supply market in 2017 offering 100 per cent renewable electricity for all as standard and 100 per cent renewable gas for Green energy customers. Engie will now concentrate on businesses and local authority energy supply.

Nicola Lovett, CEO of Engie in the UK & Ireland, said: “Our decision to exit the UK residential energy supply market is driven by our focus on activities closely aligned to our UK strategy of making zero carbon happen for businesses and local authorities. Octopus is a strong, well established business and a good fit for our UK residential retail customers. We are incredibly proud of what we have achieved in a short space of time and believe we have influenced the market for the benefit of customers.”

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