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james whelan's avatar

Well a certain Al Gore is a significant financial backer of Octopus Group, along with Australian and Japanese backers. Their big breakthrough was acquiring the rights of a clever billing software system from a dubious Eastern European source. Its basically the efficiencies of that system that allowed them to take over customer records previously run on old clunky pre privatisation systems owned originally by Area Electricity Boards. The export of that billing system has allowed their international expansion.

Sensibly they have never taken trading risk just concentrated on milking the billing system on a wafer thin margin business.

Because very few understand what a UK electricity 'supply' business actually is ie just a billing customer service operation they have moneged the PR superbly to make it look like they are far more significant than they really are.

It's a very classic tale of a rather small tail wagging a dog.

Incidentally there is nothing new about zonal or mode price signals, the old CEGB used them in the 70s. But to try to use them for real time retail pricing is just very very silly.

However I expect this government will go with it as they will see it as a good ruse to disguise true costs, none will easily see what a rip off net zero is.

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Jaime Jessop's avatar

This article deserves to be published in the Daily Telegraph in light of the huge public interest re. locational pricing and the evident internal corruption of our 'independent' energy regulator Ofgem, as well as the UK's largest energy company, Octopus, whose director is rabidly pro-renewables and who labels anyone sceptical of the Net Zero final solution on social media as a 'climate denier'.

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