This is really encouraging to see energy companies taking the lead by offering their customers financial rewards for exporting excess solar power to the grid. This week is the first week without the Feed-in Tariff and export tariff and Octopus along with E.On and Bulb are starting to roll out their own versions of the export tariff. What I really like about the Octopus scheme is that they offer two options for their customers: a flat rate of 5.5p/kWh or a variable rate based on the day-ahead prices. Furthermore customers with battery storage would be able to store excess energy to export at preferential times, maximising returns. Octopus Energy are proving to be very forward thinking, putting their customers first and differentiating themselves further from the traditional utilities.
Greg Jackson, chief executive at Octopus Energy, said the tariffs had been designed to make it easy for homeowners to go green. “At Octopus Energy, we strongly believe in using smart technology to make energy work for our customers, and we’re delighted to be the first movers into a promising new market,” he said.