The new deal, from Octopus Energy, will be available to households that are already kitted out with solar panels, home batteries and heat pumps – and will bill users absolutely nothing for the next five years
Octopus Energy has announced a game-changing new tariff that could see customers paying absolutely nothing for their electricity – that’s right, £0 per month.
The innovative energy provider is rolling out a plan named Octopus Zero Bills, and it’s as good as it sounds – pledging that users will fork out zip for their energy over the next five years.
In collaboration with housing developers, the revolutionary scheme qualifies homes fitted with green tech such as solar panels, heat pumps, battery storage, and electric heating under the Octopus Zero Bills deal. This means the renewable energy produced onsite will power these eco-friendly abodes entirely.
Heat pumps, which are an integral component of this set-up, operate on electricity to extract air from outdoors to heat up and circulate inside the home. Despite being pricier upfront compared to traditional boilers, there are various grants available to cut down the installation expense.
The vision here is to eventually phase out old-school fossil fuel boilers in favour of heat pumps, reports the Express.
And the savings don’t end there; solar panels together with a home battery are predicted to recoup their costs over their lifespan, even before factoring in Octopus’ tantalising offer.
Octopus has stated: “We’ve just launched Octopus Zero Bills, the next generation energy tariff with zero energy bills for five years, guaranteed, for new homes kitted out with the right combination of solar panels, home battery and heat pump.”
“It’s not magic, but could just as well be. If you live in a brand new, specially built Zero Bills home, you’ll not receive an energy bill – no costs, no worries.”
Octopus chimed in: “With domestic heating currently responsible for 14% of the UK’s total carbon emissions alone, Zero Bills represents a crucial step on our journey to net zero. First, we’re taking on newbuild homes all 200,000 of them built each year in the UK. But we’re also working hard to maximise retrofit applications of Zero where possible. With the UK’s housing stock recently ranked the worst in Europe, we’ve got no time to lose.”
“By Zero-ing energy bills for eligible households, we’re hoping to give our customers one less thing to worry about. And while we can’t change the system overnight, the good news is that we’re fast approaching cost parity between low-carbon tech and their gas-guzzling counterparts meaning that a zero carbon, zero bill world is far from a distant reality for everyone.”
