Octopus cuts UK households' energy bills to £0 for 'five years'

Octopus cuts UK households' energy bills to £0 for 'five years'
-Credit: (Image: Reach Publishing Services Limited)


Octopus Energy has slashed UK households' energy bills to £0 - for FIVE YEARS. Octopus Zero Bills is "the next generation energy tariff with zero energy bills for five years, guaranteed,", the energy firm - which is rivalled by the likes of British Gas, OVO, EDF and EON - has said.

It has been rolled out for new homes kitted out with the right combination of solar panels, home battery and heat pump. Greg Jackson, Founder of Octopus Energy, comments: “This new target for our ‘Zero Bills’ project is something that has never been done before. In just six years, 100,000 homeowners, families and couples could be living without ever having to think of an energy bill. Together with leading developers we’re building a brighter future where greener living is the cheaper option, not the premium.”

Octopus said: “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.”

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Octopus added: “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.”

Stephen Teagle, CEO, Partnerships and Regeneration, Vistry Group, comments: “As Britain’s biggest housebuilder and the UK’s leading partnerships business, we have a responsibility to continually evolve and improve how we build our homes. Working with innovators like Octopus will benefit our customers, our partners and the environment. 'Zero Bills' delivers on all fronts – it is a game changing concept for our industry.”

John, ‘Zero Bills’ customer in Falmouth, Cornwall, said: “Knowing I’ll never have to worry about energy bills is incredible. Plus, it’s reassuring to know we’re importing energy at the greenest times, making a positive impact on the planet without having to think about it. It’s great to see Octopus rolling this out at scale.”