Leicester energy supplier to take on failed firm’s customers

Leicester energy supplier Octopus Energy is set to take on the 100,000 customers of failed rival Iresa.

Octopus Energy is offering Iresa’s customers its ‘Flexible Octopus’ tariff, which Ofgem says is one of the most competitive tariffs on the market and the best value deal on offer for them.

Ofgem says it ran a competitive process to get “the best deal possible” for Iresa’s customers.

Rob Salter-Church, Ofgem’s interim executive director for consumers and competition, said: “We are pleased to secure a deal with Octopus Energy, where Iresa customers will be offered a competitive tariff for their energy. Their credit balances will be honoured and their energy supply will continue as normal.

“Our advice for customers of Iresa is to wait until Octopus Energy contacts you. They will give you more information about the tariff you are on, and about your credit balance if you have one. Then you can shop around for a better deal if you wish to.”