Image: Octopus Energy
Octopus Energy has launched what is claimed to be the world’s first electricity tariff whose price drops when the wind speeds up.
The new tariff follows the purchase of wind turbines in Caerphilly, South Wales and Market Weighton, Yorkshire. It promises to offer households, which are living near the turbines and using electricity when the turbines are spinning, a 20% discount on the unit price.
Each of these turbines is predicted to generate up to 500kW, enough to power up to 400 homes every year.
The company said when the wind picks up and the turbines are producing more green electricity, the unit price could see a 50% price cut.