Customers of Octopus Energy could cut their bills in half but it depends where they live. To benefit from the new tariff, customers need to live near wind turbines.
It comes after the energy provider has introduced a 'Fan Club' tariff. This means customers can get cheaper energy bills if they live near a wind turbine.
Derbyshire Live reports the new deal gives homes powered by Octopus Energy turbines 20 percent off their unit rate when using electricity from the nearby turbine whilst its spinning.
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If the wind picks up and therefore means the turbine is creating a lot of renewable energy, customers can get 50 percent off, which equates to around £350 annually.
All of the electricity used is renewable and members of the Fan Club can also plan energy-intensive tasks according to when it will be cheaper. These times are made available on the Octopus Energy "Fan Club Dashboard", according to Leicestershire Live.
The deal has already been offered to customers in Market Weighton, in East Yorkshire, and Caerphilly, in South Wales. But the tariff will now be offered to customers in Halifax, in West Yorkshire, thanks to the construction of a two mega-watt turbine being built as part of the Ovenden Moor Wind Farm, which could power as many as 2,000 homes a year.
Speaking to Express.co.uk, Zoisa North-Bond, CEO of Octopus Energy Generation, said: "We’ve been blown away by the volume of requests and positive sentiment towards our Fan Club, which offers people 100% local green energy at discounted rates.
"Welcoming customers onto our Number 3 Fan in Halifax means more people can benefit from cheap, green energy when it’s abundant locally. This is especially important as people are facing much higher energy bills this winter.
"But we are not going to stop here – we are working round the clock to add many more wind turbines to our Fan Club model, putting money back into people’s pockets whilst driving renewables at scale."
The pilots, which started in 2021, have been so successful that more than 10,000 people have asked for a turbine to be built near them. The extension of the scheme will be a welcome addition to thousands of people as the country continues to grapple with the cost of living crisis and sky-rocketing energy bills.
Wholesale gas prices have soared globally, with consumers being hit hardest. The price cap for energy is already likely to hit £4,200 by January 2023, and some estimates even suggesting it could rise to £5,500 by April.
With the way the UK's power market works, the price of gas usually drives up prices for both electricity and renewables. This is why energy companies, the National Grid, and Ofgem are said to be exploring locational pricing to help take advantage of low cost renewable energy.
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