[Cherie]

Under the so-called "Saving Sessions" Octopus's 1.4 million customers with smart meters and around 5,000 of its business customers will be emailed and texted to be told of time slots when they could be paid for reducing their energy use.

Octopus said it expected to pay an average of 4 pounds ($4.46) for every unit saved during the specific timeframes from November to March 2023, which could allow customers to save around 100 pounds over the course of the winter.

Octopus said a trial of the scheme in February and March saw 100,000 customers sign up, shifting 197 megawatts hours (MWh) from peak time demand, equivalent to the electricity used streaming 2.5 million hours on Netflix.

Reuters