Sea breezes and bill eases: Octopus Energy’s offshore wind ‘Fan Club’ delivers one year of savings for Grimsby residents

• Customers from Grimsby to Skegness have saved on average nearly £200 on bills, with the top 5% saving close to £400 a year
• 36k+ Brits eager for Octopus to bring this windy revolution to their community
• Follows Octopus’ boat trip to bring local customers out to see the Lincs offshore wind farm up close

London, Friday 8th November 2024 – Customers overlooking offshore wind turbines from Grimsby to Skegness are reeling in major savings on their energy bills thanks to Octopus Energy’s first-ever offshore wind tariff.

One year after launching the ‘Fan Club’ in Lincolnshire, customers have saved on average nearly £200 on their annual electricity bills, with the top 5% raking in nearly £400.

The innovative ‘Fan Club’ tariff has a groundbreaking approach – rewarding customers who use energy at times when their local offshore wind turbines are turning.

When the sea breeze is strong, Octopus triggers a 50% discount on electricity bills. ‘Fan Club’ members are notified through their Octopus Energy app, allowing them to save big by scheduling energy-intensive chores, like laundry, during these times.

To mark this occasion, Octopus ran a competition with customers locally who won the chance to come see the Lincs offshore wind farm up close.

Octopus also offers this tariff also in three onshore wind locations: Market Weighton and Halifax in Yorkshire and Caerphilly in Wales.

The company has already identified several other potential sites for onshore ‘Fan Clubs’ through its innovative tech platform ‘Winder’ – a tool that matches community support for new wind generation with available land (‘Tinder for wind’).

The innovative tariff took the UK by storm. Since its creation, Octopus has received over 36,000 requests from the public, asking to bring the cheap green tariff to their community.

Offshore wind already plays a significant role in the UK energy system with around 14GW of installed capacity. The country is set to quadruple its offshore wind capacity by 2030.

Octopus has stakes in three offshore wind farms in the UK, including Lincs, Hornsea One and Walney Extension, as well as in Germany and the Netherlands. Through its investments in offshore wind developers and tech firms, it is driving the creation of new ones worldwide.

Zoisa North-Bond, CEO of Octopus Energy Generation, said: “The success of our offshore wind 'Fan Club' tariff over the past year shows us what the future of energy can look like. By incentivising people to use energy when wind power is abundant locally, we can put money back into customers’ pockets. Our offshore ‘Fan Club’ is proof that clean, green energy isn’t just good for the planet, it’s good for your bills too.”

-ENDS-

Notes to editors:

Press Contacts

Octopus Energy Group

Amy Boekstein

PR Manager

press@octoenergy.com

+44 (0)20 4530 8369

About Octopus Energy Generation

Octopus Energy Generation is driving the renewable energy agenda and building green power for the future. It is reshaping the market by leading the transition to a cleaner, greener future through renewable projects connected more deeply to customers and businesses. As one of Europe’s largest specialist renewables investors, it manages 3.7 GW of green energy projects like wind and solar farms in over 15 countries, worth £7bn ($9bn). These generate enough green power for 2.4 million homes every year - the equivalent of taking over 1 million petrol cars off the road.

Octopus comes up with innovative tech-enabled products to change ingrained thinking about energy, positively influence the net zero economy and deliver cheaper energy for customers. This includes the ‘Fan Club’, a world-first tariff providing discounted energy to people living near wind turbines when it's windy, which has seen 36,000+ requests for local wind turbines, and Winder (Tinder for Wind), Octopus’ tech platform to speed up new turbines development driven by community demand. For more information, check out our website.

About Octopus Energy Group

Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 8 million households globally. Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide.

For more information, check out our website