Octopus Energy has introduced a new tariff for businesses generating renewable energy, to help them share the power they generate on one site with the rest of their sites.
The Max Power tariff allows businesses with two or more sites to send any excess renewable energy they’re generating to their other locations in the UK. Octopus estimates it could save businesses like these up to 25% off their annual electricity bills.
The model works for those that may have solar, onshore wind turbines, hydro power, geothermal or even battery storage in one location to share it with their other sites. This new tariff can help businesses across sectors including agriculture, retail, logistics, warehousing, supermarkets, FMCG, and many more.
This is made possible by Octopus’ proprietary tech platform Kraken. On Kraken, multi-site businesses are billed as one, making it easier to understand and manage their consumption.
Zoisa North-Bond, CEO of Octopus Energy for Business, said:
Businesses generating their own renewable energy can now bring their bills down further by sharing their cheap green power across their entire estate. Innovation like this puts money back in the pockets of British businesses and gives them greater control over how they use their energy. We’re showing that the greener choice can and should also be the cheaper choice.
More information here: octopus.energy/max-power/
