I'm afraid, as with all the other 'budget' energy suppliers who have gone bust, Octopus Energy is now like the rest having to come to terms with the massive rise in wholesale prices. They, as with the bankrupted firms, just not being able to afford to give any real discounts to customers if they are going to survive and, as STEMO correctly states, they will have to keep withing the price cap, whilst trying to avoid going bust!
The challenge is though that the price cap itself is rising fast, trying to keep in touch with the reality of the wholesale prices that are affecting the whole World. In the UK we have the added problem that so many of us use gas to heat our homes and to cook with. Apparently we use the most within Europe, so we are going to be hit the hardest. :'( :'(
From what I have heard 75% is going to be the cheap level, with the experts predicting rises of 100-150% and rising!! :'( :'(