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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Octopus Energy has teamed up with UK Power Networks to offer households free energy to help the grid exploit excess renewable power.
Participating customers in the UK will get free electricity when there is excess electricity on the local grid from abundant renewables. Based on UK Power Networks’ forecasts, Octopus will send customers a notification of the times they can ‘power-up’ their homes for free a day in advance.
In recent years, the UK transmission grid has begun to face challenges of imbalance when energy supply exceeds demand (such as sunny or windy weather leading to excess renewably generated power). Grid operators like UK Power Networks are currently looking into alternative means of balancing the grid, to avoid turning off these renewable generators during surplus.
Alex Schoch, Head of Flexibility at Octopus Energy Group, says: ‘Thanks to Octopus’ proprietary technology rewarding “demand turn up”, we no longer need to switch off bountiful solar and wind power when consumers can use it up for free instead. It’s good for the grid and good for the planet – a win for everybody.’
