Households could save up to £200 per year on energy bills under new ‘Tenant Power’ tariff
Energy supplier Octopus Energy has announced a new tariff, which aims to lower social tenants’ bills and incentivise landlords to fit solar panels.
The “Tenant Power” scheme could help residents in social, affordable and shared ownership housing save up to £200 per year on their energy bills compared to a standard variable tariff.
The discount depends on the number of solar panels in operation, the size of the battery and the share taken by the landlord.
Meanwhile, social landlords would receive payment for any excess energy produced by the solar panels fitted on their properties as it is automatically sold back to the grid at peak times.
The tariff is available to any social home with solar panels and an Octopus battery.
Octopus has encouraged landlords to add extra low-carbon upgrades to homes, like smart heat pumps, to further reduce customers’ bills.
>>See also: Homes England and Octopus Real Estate announce £150m of low-interest loans for sustainable homes
>>See also: Thakeham to build 1,350 ‘zero bills’ homes in deal with Octopus Energy
Nigel Banks, zero bills director at Octopus Energy, said: “One of the biggest blockers to scaling green social housing has been the lack of incentives for landlords.
“‘Tenant Power’ removes that barrier by giving landlords a clear return on their investment in low-carbon tech, while delivering meaningful savings for tenants.
“It’s a win-win model for both landlord and tenant which helps accelerate the roll out of affordable, sustainable housing.”
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