Octopus announce tariff to lower bills by up to 25% for businesses
Octopus Energy launches a new tariff to help businesses with renewable generation to share the green power they generate on one site with the rest of their sites – and lower bills as a result.
The new ‘Max Power’ tariff allows businesses with two or more sites to send any excess renewable energy they’re generating to their other locations in the UK. Octopus estimates it could save businesses like these up to 25% off their annual electricity bills*.
The model works for those that may have solar, onshore wind turbines, hydro power, geothermal or even battery storage in one location to share it with their other sites. This new tariff can help businesses across sectors including agriculture, retail, logistics, warehousing, supermarkets, FMCG, and many more.
It builds on Octopus’ current suite of business tariffs including ‘Panel Power’, Octopus’ smart export tariff which pays solar-generating businesses 15p per kWh for excess energy they send back to the grid. ‘Max Power’ takes this a step further, so multi-site businesses can get the maximum out of the green power they generate by keeping it within their own business.
This is all made possible by Octopus’ proprietary tech platform Kraken. On Kraken, multi-site businesses are billed as one, making it easier to understand and manage their consumption.
It marks the latest way Octopus is enabling its business customers to benefit from new energy-saving initiatives to lower bills. For example, Octopus ‘Saving Sessions’ scheme enabled by the National Grid ESO’s new ‘Demand Flexibility Service’ allows business customers to get paid for shifting energy usage out of peak times.
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