A breezy bargain: Octopus launches first ever offshore 'Fan Club' tariff

London - Octopus Energy today announces the expansion of its pioneering 'Fan Club' wind tariff, bringing the benefits of cheaper clean power to customers living near offshore wind farms.

Starting with communities living along the coastline from Grimsby to Skegness, 'Fan Club' customers in this area will be able to get up to 50% off their electricity when their local offshore wind farm is producing lots of wind powered electricity.

Octopus's groundbreaking 'Fan Club' first launched in 2021 for customers living close to one of its onshore wind turbines in Market Weighton and Halifax, Yorkshire, and Caerphilly, Wales. Since then Octopus has received over 20,000 requests for local wind turbines in communities. The popular scheme has now also expanded into the US and Germany.

The launch of Octopus' offshore 'Fan Club' comes as dozens of lucky Octopus customers set sail over summer on the HMS Octopus to see the Lincs wind farm up close - which generates enough clean power for 240,000 homes every year.

This year alone, homegrown offshore wind up and down the coastline of the country has produced 14% of Britain's electricity*.

The boat trip followed a competition for customers to come see the wind farm, which generated a flurry of excitement as hundreds of customers competed for a seat via Twitter. It reinforces Britain's continuing obsession with offshore wind as 85% of people support this energy source**.

This follows fast on the heels of Octopus' announcement to unleash £15 billion ($20bn) of investment in offshore wind globally. In the UK, Octopus has stakes in the Lincs offshore wind farm and one of the world's largest wind farms, Hornsea One - both off the east coast of England, as it scales its offshore wind activity in the UK and across the globe.

Zoisa North-Bond, CEO of Octopus Energy Generation, said: "Our 'Fan Club' demonstrates just how much people love wind in Britain. It's fantastic to now expand this pioneering scheme to those living near offshore wind farms too. People overlooking these majestic wind farms along the coastlines from Grimsby to Skegness will now be able to benefit from cheaper electricity which it's windy.

"We've loved bringing customers out to see the Lincs offshore wind farm. Our customers inspire us massively - they are highly engaged members of the energy system, passionate about participating in the transition to a greener energy future while making savings on their bills at the same time."

-ENDS-

Notes to editors:

Customers living in the DN31, DN32, DN33, DN34, DN35, DN36, LN11, LN12, LN13, PE24, and PE25 postcodes can register their interest in joining the Octopus Offshore Fan Club at this link: https://octopus.energy/launching-the-octopus-offshore-fan-club/

Sources:

*Energy Trends June 2023, Department for Energy Security and Net Zero

*85% of Brits support offshore wind, according to the BEIS Public Attitudes Tracker, 9 March 2023

Press Contacts

Octopus Energy Group

Amy Boekstein

PR Manager

+44 (0)20 4530 8369

amy.boekstein@octoenergy.com

About Octopus Energy Generation

Octopus Energy Generation is driving the renewable energy agenda and building green power for the future. This means reshaping the market by leading the transition to a cleaner, greener future through renewable projects connected more deeply to customers and businesses.

As one of Europe's largest investors in renewable energy, its fund management specialist team launched in 2010 with a mission to accelerate the transition to a future powered by renewable energy. This team manages 3.2 GW of renewable energy projects like wind and solar farms across 15 countries, worth £6bn. These projects generate enough green energy to power 2 million homes every year, and is the equivalent of taking over 1 million petrol cars off the road. The business also launched the Fan Club, the world's first local energy tariff that provides cheaper, greener energy to customers living near local turbines when it's windy, with a discount of up to 50%. For more information, check out our website.

About Octopus Energy Group

Octopus Energy is a global energy and technology group, driving the affordable, green energy system of the future. Its operations span 15 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £6 billion portfolio of projects - one of Europe's largest.

Octopus serves 5.4 million customers through its retail arm, and has licensed its advanced data and machine learning platform, Kraken, to support 30 million customer accounts worldwide through licensing deals with energy companies, including EDF, E.ON and Origin Energy.

Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website.

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