Octopus Energy to offer world’s 1st wind tariff: Octopus Energy has announced what is believed to be the world’s first electricity tariff where the price drops as the wind speeds up.
The new tariff comes along with the buying of wind turbines in Caerphilly, South Wales & Market Weighton, Yorkshire. It guarantees to provide households, that are located near the turbines and using electricity at the time the turbines are spinning, a 20% savings on the unit price.
Every one of these turbines is forecast to make up to 500kW, which is enough to power as much as 400 homes each year.
The company stated that when the wind speeds up and the turbines are generating more green electricity, the unit price may show a 50% price savings.
The consumers who use the ‘Fan Club’ tariff may save as much as £229 off their bills, as compared to the price cap, now set at £1,042 for a usual dual fuel household.
Zoisa Walton, Director of Octopus Energy Generation, said: “Octopus Energy’s first-ever own brand turbines are now on the grid and we have included the UK’s first wind tariff to boot.
“This is the first step in a huge plan for Octopus owning its very own generation and offering local wind tariffs across the country.”
Octopus Energy to offer world’s 1st wind tariff