Octopus issues new update over cutting some customers' energy bills to £0

Octopus issues new update over cutting some customers' energy bills to £0
-Credit: (Image: Reach Publishing Services Limited)


Oxtopus has issued a key update in the hope it will slash customer bills to £0. Octopus - which is rivalled by British Gas, EDF, EON, Ovo and more - has moved to partner with Thakeham to deliver future homes as ‘Zero Bills’ in the UK.

Octopus has a target of 100,000 ‘Zero Bills’ homes by 2030. The energy giant says the deal will help drive the UK towards the government's target of 40% affordable housing in new towns. Thakeham first piloted the 'Zero Bills' schemes at its 120-home Templegate development in Burgess Hill this year.

Following the success of the pilot site, this new deal with Octopus will see Thakeham submit plans for a 1,350 ‘Zero Bills’ home development in West Sussex. Launched in 2022, ‘Zero Bills’ is a world-first energy tariff from Octopus Energy that allows customers to move into homes which are fully kitted out with state-of-the-art clean tech.

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This includes heat pump, a battery and solar panels – with no energy bills guaranteed for at least 5 or 10 years. Greg Jackson, Founder of Octopus Energy, commented: “This is a huge step forward for us in making ‘Zero Bills’ the new norm. By teaming up with Thakeham, we’re creating homes that cost nothing to run while also making a significant dent in the UK’s carbon footprint. This partnership brings us closer to a future where energy bills are history.”

Rob Boughton, Founder and Chief Executive of Thakeham, commented: “Low carbon living isn’t an aspiration – it can be achieved today. With the government committing to building 1.5 million homes, and half of our housing for 2050 not built yet, we have the opportunity to set a new benchmark for sustainable living.

"Strengthening our partnership with Octopus Energy will move us closer to making energy bills a thing of the past for our communities, while also playing a vital role in addressing the housing supply crisis."