Octopus Energy

The Eastern Caribbean has sun, wind and ocean in abundance... yet runs on imported oil and diesel. Fossil fuels shipped in from overseas generate around 90% of the region’s electricity. It’s a bit like living next to an orchard and buying all your apples by boat. Every time global prices jump, the islands feel it first, and households pick up the bill. So this week at the Commonwealth Heads of Government Meeting (CHOGM) in Antigua and Barbuda, we launched the Eastern Caribbean Alliance with the @OECSCommission, @GlblCtzn, @TheSMI and @ECCBConnects. Building on our partnership with the Government of Antigua and Barbuda, we’re pooling expertise to bring cheap renewables, EVs and batteries to homes, businesses and transport, all run smartly to keep bills down. It’s the same case we keep making here in the UK, where we import gas from across the world instead of prioritising local generation. Money not spent on imported fuel stays at home. From Antigua to Aberdeen, we’d rather eat the apples we grow. 🍎

10s across the board ✨🎃 We absolutely loved seeing all of your incredible #OctoPumpkin competition entries last week! Thanks to everyone who shared their spooky setups. 👻 Every entry is now with an independent judge - fingers crossed! Lucky winners will be contacted soon, so keep an eye out for that 🤞

To make green energy the obvious choice, you need incredible software talking to brilliant hardware. That’s why we’re partnering with battery pioneers @catl_official and @AmpaceOfficial to explore the future of home storage. We’re researching next-gen tech like sodium-ion chemistry, high-density cell designs and ultra-long lifecycles, to see how we can make tomorrow’s batteries cheaper and more accessible than ever. As our CEO @g__j in @Independent this morning put it: “Together, we’re building next-generation batteries where hardware and software work in complete harmony to slash energy bills and speed up the green energy transition.” And closer to home? We're incredibly excited to launch our very own Octopus Nook home battery next year: it's going to be an absolute game-changer for driving down bills. But we never stand still. While the Nook transforms homes in the near future, this long-term partnership ensures our clean tech pipeline is always pushing the boundaries of what's possible, all over the world 🌍

Wanna order in plain sight? We’re dropping £8 Uber Eats vouchers on Octoplus tomorrow afternoon to help you enjoy The Traitors finale! 🥡🍕 To grab yours, head to the Octoplus tab in your Octopus app or web dashboard. Don your robes, cosy up in your castles, and let us help with dinner. You’ve got enough on your plate deciding who to trust 👀 New and existing @ubereats_uk customers welcome 💜

OCTOPUS CEO: REACTS TO BUDGET ANNOUNCEMENT 🚨

The Boiler Upgrade Scheme costs £400m a year. Compare that to the £40bn the Treasury spent propping up bills during the last energy crisis. It’s about 1% of that, and it helps get all types of households - including social housing - off the gas that caused the crisis in the first place. @g__j on @bbcworldservice why cutting it now would be a mistake for Britain

🚨 It’s a SPOOKY #SavingSessions 6-7pm TODAY! Opt in now through your app or online dashboard Not sure what to do in your power down?? Look no further! Make the most of your unplugged time by getting in the spooky spirit and carving a pumpkin 👻🎃 @SavingSessions

“Malevolent leaders” thousands of miles away with a grip on our energy bills. Perfect Halloween material, if only it were made up. Tomorrow’s Budget decides the future of the Boiler Upgrade Scheme (BUS), the government grant that knocks thousands off the cost of a heat pump. The BUS is one of the best-value industrial policies Britain has, and the clearest way to loosen that grip. In the @theipaper this morning, @g__j pointed to China’s boom in EV’s. In 2010, the government there gave people a hefty discount on electric cars and built the chargers to match. Early adopters drove costs down, and China now leads the world in EVs and batteries. The BUS is doing the same for heating. Before it, around 200,000 UK homes had a heat pump. Now it’s over 600,000. Heat pumps used to be for posh renovations. Now they’re going into ordinary homes, and data from every Octopus heat pump shows heating bills 20 to 40% lower than gas. That’s the BUS delivering exactly what it promised, making smarter, cleaner, (and generally better) energy tech cheaper for everyone. Every heat pump fitted makes the next one cheaper. And every home off gas is one less Putin can squeeze. The scariest thing this week would be stopping now.

Two days until the Budget announcement, which will shape the next twelve months for British energy tech. We need to back programmes that work, like the Boiler Upgrade Scheme. It's already helped the industry scale massively, so heat pumps get cheaper to build, are made in the UK, reach more homes and create more meaningful jobs (~500x more than Jackdaw!) The demand is there, with hundreds of thousands of people getting in touch about heat pumps over the past 18 months. In April the government also made the scheme easier to access by extending it to 2030 and cutting the red tape that held people back, so more households can make the switch. A decade of backing EVs made China the world’s electric car powerhouse. Here, driving electric already costs a fraction of diesel per mile. Give heat pumps that same runway and next success story on smarter, better, cleaner energy tech could be made here 🇬🇧

source: trust me bro here's a source: a dashboard with live data from thousands of heat pumps across the country - octopus.energy/cosy-heat-pum…

Tesla vs milk float. That’s how far heat pumps have come. On @TimesRadio this morning, our CEO @g__j took on one of the most common heat pump myths: that they only work in very specific types of (new) homes. But here’s where things stand now: → Heat pumps can heat as hot as a gas boiler → With the Boiler Upgrade Scheme, a like-for-like replacement is cheaper to fit than a gas boiler in 59% of cases → They typically save 25-40% on heating bills Thousands of installers have been trained in recent years, and British manufacturers, including us, are building heat pumps designed for British homes. We’ve seen this play out before. China backed electric vehicles early, went all in on manufacturing and skills, and now leads the world in making them. Heat pumps are the UK’s chance to do the same. Build the industry here, and the jobs, skills and exports follow.

The moment of truth! 🧸😲 We filled this Cosy 6 to the max and asked how many Constantine plushies YOU thought were in there. Thanks so much to everyone who entered. Special shout out to our highest guesser Ashley, who thought that 528,000 plushies would fit! Keep dreaming Ashley. 🩷 But the answer is now in…. HUGE congratulations to our grand prize winner Fiona, who has won a Cosy 6 and full install. Stick around to hear her reaction when we called to deliver the good news. 🥹⚡ #HeatPumpWeek #HeatPumpLove

This myth is so ridiculous that we made a whole live dashboard to debunk it. If you want real data from modern heat pumps it's right here: octopus.energy/cosy-heat-pum…

Ten years ago, the EV wave was just beginning. Today there are over 2 million on the roads and the cheapest new car is electric. Heat pumps are having the same moment now. On @SkyNews this week, @g__j made the case for speeding up the replacement of gas in Britain. Hundreds of thousands of heat pump households are already set to save money this winter through smarter, cleaner heating. But it’s bigger than bills! The more homes that switch, the less Britain depends on gas from the other side of the world, and the less we’re “at the mercy of the fossil fuel dictators.” as our CEO put it. For the facts, search “Octopus heat pumps” 🔍

The last energy crisis cost Britain £40 BILLION 💸 and just a few years later we’re facing another one. Heat pump support like the BUS grant costs exponentially less, and it tackles the real problem: our dependence on gas. @g__j was on @Channel4 yesterday breaking down how Jackdaw is good short-term, but backing heat pumps is the only way long term. Essentially: cheaper bills. Stronger energy security. And, building British innovation & jobs. James is one of hundreds of thousands of families saving money this winter after switching to a heat pump. For the facts, search “Octopus heat pumps” 🔍