Octopus Energy is stepping up efforts to combat rising energy costs by helping to build 100,000 Zero Bills homes.
The company aims to deliver these eco homes across the UK by 2030 that could potentially eliminate all energy bills for 5 to 10 years.
Powered by renewable energy sources such as solar panels, heat pumps, and smart energy management systems, these homes offer a promising solution for reducing household energy costs.
Octopus Energy Zero Bills homes are built with green technologies, designed to generate and store the majority of their energy on-site.
The initiative aims to provide homes that generate and store their own energy, removing the reliance on external energy suppliers.
The homes will utilise technologies like solar panels and heat pumps to create a more energy-efficient environment, allowing homeowners to avoid traditional energy bills.
These homes are also expected to reduce carbon emissions, contributing to the UK's environmental goals.
How much free electricity will each home provide?
Each Zero Bills home receives 10 MWh of free electricity annually - enough to cover the energy requirements of a well-insulated three-bedroom house.
With the average UK household using approximately 14.2 MWh per year, the highly efficient design ensures the homes consume much less, around 6 MWh annually.
Homeowners who exceed their free allocation will be billed for the extra energy, but the tariff is designed to minimise reliance on non-renewable sources, providing affordable, sustainable energy for most households.
Who can benefit from the scheme?
The Zero Bills homes scheme is primarily aimed at new-build properties, and Octopus Energy has partnered with some of the UK’s largest developers, including Vistry Group, Bellway, and Persimmon, to roll out these homes across the country.
One notable project includes a development in Bedfordshire, where Bellway has committed to delivering 250 Zero Bills homes.
Additionally, Octopus Energy is working to retrofit older homes to meet the Zero Bills standard, with an estimated 500,000 homes built since 2013 potentially eligible for upgrades.
Greg Jackson, CEO of Octopus Energy, envisions a future where greener living becomes the affordable option: “In just six years, 100,000 homeowners, families, and couples could be living without ever having to think about an energy bill. Together with leading developers, we’re building a brighter future where greener living is the cheaper option, not the premium.”
As energy prices rises continue, Zero Bills homes provide a much-needed solution for homeowners, offering both environmental benefits and significant cost savings.
