Octopus Energy says it'll 'pay' customers who have an oven in their home

Octopus Energy is set pay customers to use their oven under a groundbreaking new scheme. Thousands of customers will be paid to turn on their ovens, washing machines and other household appliances and charge their cars as part of an excess of "green electricity" from windfarms.

Explaining the Agile tariff policy, Octopus Energy said: "Across the UK, whenever more electricity is generated than consumed, energy prices fall – sometimes to the point where prices drop below zero, and suppliers are paid to take energy off the grid."

The company said its 'world first' plunge pricing offer "lets you take advantage of these negative price events, and get paid for the electricity you use". It says: "With Agile, you'll get access to half-hourly energy prices, tied to the wholesale market.

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"There's a flip side to the cheap rates: prices can spike at busy times, so you need to be able to use power flexibly to make the most of it. It's not every day the price goes negative – just the overwhelmingly green days – but rates are typically lower than a standard tariff most of the time."

One customer wrote on Twitter/X: "I'll take that! Negative price for using electricity right now. Price plunge this morning for @OctopusEnergy Agile customers. The reason being a surplus on the @nationalgrid from sunny and windy conditions thanks to renewables #Electricity"

"I was kinda gutted I’d charged the car the previous night, so I could only top it up. I asked the neighbours if they wanted to charge their cars at mine," a second said. "Holy wow!! *makes note to do TONS of washing and drying and ironing and some hot drinks from 8am!" another said.

"Then with the free electric i can use my heaters and heatguns to help melt paint off doorframes to redecorate while washer and dishwasher and tumbke dryer etc is all on!" another commented.