Octopus acquires wind turbines, offers low-priced power on windy days

Octopus Energy has acquired its first two wind turbines and launched a time-of-use wind tariff.

The two 500kW turbines are in Caerphilly, South Wales, and Market Weighton, Yorkshire. The Octopus Energy ‘Fan Club’ tariff will offer households living near the turbines bespoke 100% green electricity tariffs. Octopus Energy customers who use electricity when the turbines are spinning will profit from a 20% discount on the unit price. When the wind picks up the unit price will fall to 50%.

Zoisa Walton, Director of Octopus Energy Generation, said: “This is the first step in a huge plan for Octopus owning its very own generation and offering local wind tariffs across the country. It means we can begin producing the clean, green power we provide to customers ourselves and incentivise customers to use energy when it’s the absolute greenest.

“By matching this generation with our proprietary agile technology, we’re unlocking exciting opportunities for the cheapest electrons to be the greenest. Soon local customers will be able to join the ‘Fan Club’ and get discount prices for windy days, helping out their pockets and the planet.”

 

Further reading

Sarah Merrick, Ripple Energy

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