Octopus Energy has announced a third off-peak rate for customers on its heat pump tariff ‘Cosy Octopus’.
According to a company statement, from the 1 July customers can heat their homes for an average of 11p per kilowatt-hour (kWh) between 10pm and midnight, adding an evening window to the two existing off-peak rates in the morning and afternoon.
The new low-cost period offers more savings and flexibility for Cosy customers, it noted, who often also have other clean technologies such as solar panels, batteries and EVs in their homes. Octopus said it is also lowering the rates across the entire tariff by 10%.
Rebecca Dibb-Simkin, chief product officer at Octopus Energy, said: “Heat pumps are ushering in a new era in heating – helping us to end our addiction to dirty gas boilers and moving us towards a clean, cheap heating system.
“We’re always looking for new ways to reward customers who are choosing clean tech and, by that, are getting the country closer to a green, flexible energy system. And we’ll keep innovating relentlessly to bring the costs of green heating down even further.”