'We're buzzing': Octopus Energy is giving away more free electricity to its 8 million customers —…
- Britain spent nearly £1.5 billion shutting down renewable electricity generation last year
- Smart meter households can now receive free electricity during surplus renewable generation periods
- Octopus customers have already saved millions through experimental free electricity flexibility sessions
The UK is generating more renewable electricity than ever, but its grid often cannot use it all - as when the wind blows hard, or the sun shines bright, and demand is low, demand can fall below what is being produced.
Instead of putting that surplus power to wider use, the system has routinely paid wind farms to turn turbines off while paying gas plants to stand by, a payout practice which has cost the country almost £1.5 billion in a single year - with early 2026 figures suggest the bill is still piling up rapidly.
Now, Octopus Energy is looking to change this with a new expansion to its scheme to provide...
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