Hundreds of customers with smart meters will cook their Christmas Dinner without paying a penny for their power, after Octopus Energy said it would offer four free hours of energy.
The challenger brand said it would enable the price pause by tweaking its so-called “time of use” tariff, which is available to people with smart energy meters. Octopus is making the festive gesture following fears that smart meters might cause bills to spike at times of high demand because of “surge pricing”.
Greg Jackson, the chief executive, said the supplier wanted to show that “plunge pricing” was possible too.
Industrial usage of electricity being about nothing on this day, right?
Actually, don’t we get to see the stats on this in real time these days? Percentage of ‘leccie from different sources etc? And is the auction market price also listed? And, if it is, what was that price last Xmas Day? Anyone got this to hand?