Octopus Energy has announced a white-label partnership with Ebico, providing renewable electricity for its customers.
Ebico – which claims to be the UK’s first not-for-profit energy company – will retain its brand and responsibility for acquiring new customers, with Octopus’ role to be in supplying energy to Ebico’s customers and providing customer service.
Two new energy plans offering 100% renewable electricity are being launched, the Ebico Prime 12 Saver, which is designed for credit meter customers, and Ebico Prepay, which is for customers supplied via a prepayment meter.
In September 2020, Ebico’s customers were moved to British Gas following its acquisition of Robin Hood Energy’s customers, Ebico’s former energy supplier. The company explained how this new partnership with Octopus will enable it to continue with its aim of making sustainable home warmth affordable for low-income households, with this being a core focus of the company since it was founded 23 years ago.
Phil Levermore, CEO of Ebico, said that the duo are “resolute that the interests of low-income households should not be forgotten in Britain’s vital transition to net zero”.
Earlier this year, Octopus announced it had reached the two million customers milestone, having also hit a $2 billion (£1.5 billion) valuation in December 2020 as it began an expansion into Asia as a result of a partnership with Tokyo Gas.