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Octopus Energy Gives Customers a £1 Million Cash Boost
In a move that feels more like a pop‑up surprise than a corporate policy, Octopus Energy has already handed out a cool £1 million to smart‑metered households who jumped on its brand‑new “pay‑not‑play” scheme. The idea? Plug in during peak times, stay out of the grid during lows — you get paid for doing what you’d normally avoid.
What the Numbers Look Like
- 250,000 households have signed up so far.
- Average savings per home: £4. Not a fortune, but a nice dent in your monthly bill.
- Some folks have pocketed as much as £20 since this plan kicked off last month.
In a snappy tweet, the company noted that if every smart‑metered British home joined the “#SavingSessions” programme, we’d have the same amount of flexibility as one of the country’s biggest coal plants— but without the nasty emissions.
The Takeaway
Octopus Energy’s experiment isn’t just about pumping cash into wallets; it’s a bold step towards a happier, cleaner power grid. And honestly? Who doesn’t want a little extra cash and global peace on the side?
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National Grid Gets a Standby Back‑Up: Two Coal Units Ready to Jump Into Action
Think of it like a super‑hero power‑up. The grid’s got two coal burners just on standby, ready to swing into action if blackouts loom. Now you might wonder—why coal when the world’s moving to green? The answer’s simple: it’s all about keeping the lights on during those “worst‑case” scenarios.
How the Public Gets to Play the Energy‑Saving Game
- Turn off that heavy‑weight washing machine check for a minute.
- Let your tumble dryer sit out—save that heat.
- Blindfold your dishwasher when you’re finishing up.
Every little pause adds up. By dialing back the demand at peak times, we can squeeze more power out of the grid and keep the blackouts on the back burner.
Octopus Flex Saves You Money—Literally
Alex Schoch, head of flexibility at Octopus says, “It’s a game changer. Over just four hours we’ve handed out £1 million to folks like you, not to gas plants or big businesses.”
Instead of sending that cash to pricey balance‑of‑load swaps, it goes straight into your pocket. “This winter, you’re paying less for your electric bill,” Alex continues. “And we’re thrilled to see other suppliers jump in—so everybody gets a sweet spot on their energy spend.”
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