Tag: Octopus Energy

Market reform would save £27bn and avoid nearly 3,000km of new pylons

Stuart Mitchell

New analysis from FTI Consulting, commissioned by Octopus Energy, shows that reforming the market by adopting zonal pricing could prevent the construction of nearly 3,000km of unnecessary pylons – almost three times the length of the UK – and deliver up to £27 billion in savings for bill payers*. FTI compared the impact of national and zonal pricing systems on five major intra-GB transmission lines. Under national pricing, all five lines were worth the investment. However, applying zonal pricing significantly decreased the payback on these power lines by between 22%…

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New study shows aligning renewable energy targets with supportive policies would lift 193 million people out of extreme poverty

Stuart Mitchell

A new study published today shows that coupling renewable energy targets with supportive development policies and investments would have major financial benefits. Such a shift would unlock US$20 trillion in cumulative savings in the energy sector, increase GDP by 21 percent, and increase average per capita GDP by $6,000 by 2060, compared to a business-as-usual scenario. The study, conducted by the United Nations Development Programme (UNDP), University of Denver’s Pardee Institute and Octopus Energy, set up to explore how time-bound renewable energy targets, backed by coherent policies and financing mechanisms,…

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Octopus Energy advert hits UK streets – ‘We’ll keep fighting for you’

Stuart Mitchell

Octopus Energy, has launched a new advertising campaign rallying behind customers with the message: ‘We’ll keep fighting for you’. Octopus’ pink mascot now stands tall on hundreds of billboards around Britain, symbolising the company’s commitment to stand up for its customers and challenge the status quo. It comes as the UK government abandoned plans to introduce Zonal Pricing for electricity – a new pricing system championed by Octopus to unlock cheaper bills – opting instead for the promise of ‘Reformed National Pricing’. Unfortunately, there’s no definition of what this means,…

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Octopus Energy launches landmark Africa energy fund

Stuart Mitchell

Octopus Energy’s generation arm is taking the next big step in its global green mission, launching its first African energy fund to turbocharge investment in one of the world’s most promising renewables markets. Launched at the Africa Energy Forum in Cape Town today, the Octopus Energy Power Africa Fund (OEPA) is designed to unlock funding that catalyses the continent’s huge clean energy potential – bringing together forward-thinking investors to power communities and businesses with affordable, homegrown, green energy. Starting with projects across Sub-Saharan Africa, OEPA plans to invest in game-changing…

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Octopus Energy launches its first home EV charger

Stuart Mitchell

Octopus Energy has launched its very own home EV charger – Octopus Charge – shaking up the electric car game with sleek design and super-smart charging. The UK’s top heat pump manufacturer is adding this next-generation EV charger to its stable of home tech offerings, making driving electric simpler, smarter and greener than ever. Plugged into the UK’s most popular EV tariff – Intelligent Octopus Go – Octopus Charge can power electric cars for as little as 2p per mile. Combined with Octopus’ innovative Drive Pack tariff, customers can unlock…

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