Householders will receive money back from one energy company in the hope to ease the burden of the ongoing energy crisis.
Octopus Energy are offering customers cashback when they upgrade to the newest smart meters.
New and existing customers will be able to claim £50 back on their account when they upgrade or install the latest smart meters in their home.
As well as the deal the energy provider is also offering grants of up to £500 to help customers deal with the financial difficulties of a rise in energy prices.
Last week, energy regulator Ofgem announced that the energy price cap will rise to £1,971 from April 1, 2022. This could increase energy bills by an extra £693 a year for people on their supplier's default tariff.
The price cap is the maximum amount an energy supplier can charge for one unit of energy for a customer on their supplier's default tariff.
It’s not a cap on the total cost of your bill, so if you use more energy, you’ll be charged for it but it doesn’t apply if you’re on a fixed rate tariff.
Octopus Energy have opened a £2.5 million scheme to help households who are struggling to cope with soaring energy bills.
Under the scheme, customers can apply for a grant between £50 and £500 to put towards gas and electricity.
Meanwhile, the £50 cashback deal comes into effect when booking an appointment with Octopus here regarding the upgrading of smart meters.
Octopus Energy will credit customers' accounts within 30 days of having new meters installed.
