Image courtesy Octopus Energy
Octopus Energy has debuted OctopusFlex, a new, flexible time-of-use plan that rewards Texans for using electricity when the grid is quiet, clean, and cheap.
By using smart devices like EV chargers and smart thermostats, OctopusFlex is meant to automatically optimise energy use during the most cost-effective and climate-friendly hours without disrupting daily routines. During the hours between 10pm and 6am, customers can access lower rates and major savings.
“This is about more than off-peak discounts. It’s about shifting the entire energy experience to work better for people and the planet,” said Nick Chaset, CEO of Octopus Energy US. “We’re giving customers the power to save money while actively supporting a cleaner, more balanced grid.”
OctopusFlex offers discounted electricity during off-peak hours every night. And when summer brings more solar energy to the grid, customers can get even lower rates.
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“Time-of-use is one of the best and easiest ways to help customers save on their energy bill and be compensated for being flexible with when they use power,” said Daniel Kirwin, product manager at Octopus Energy. “We couldn’t be more excited to launch our time-of-use rate here in Texas, adding a new option for customers’ flexibility journeys.”
By shifting demand away from peak hours, OctopusFlex is meant to help prevent blackouts during Texas’ hottest months, make room for more clean energy on the grid, and cut costs for customers “without sacrificing comfort.”
To make the most of OctopusFlex, Octopus Energy recommends its customers pre-cool their homes in the morning to coast through the heat; run their washer, dryer, and dishwasher overnight; and plug in their EV after 10pm and wake up to a full charge. Additionally, using smart plugs and timers can help automate these power moves.
Originally published by Sean Wolfe on Factor This.
