Energy company promises to pay customers to use electricity

A small energy company has launched a new tariff that will potentially pay customers to use its electricity when demand is low.

Octopus Energy’s new Agile tariff tracks wholesale electricity prices, allowing customers to take advantage if there is an excess of supply and the electricity price “goes negative”.

Across Britain, whenever more electricity is generated than consumed, wholesale prices fall – sometimes to below zero – at which point suppliers are paid to take energy off the grid.

Published in The Guardian, 22nd February, 2018