Octopus customers beat energy price cap though ‘Saving Sessions’ scheme

  • saving sessions pic
  1. More than 300,000 Octopus customers won’t be affected by price cap rise due to savings made through ‘Savings Sessions’
  2. More than £4m paid out to 1.2m customers for using less energy during peak times to help the grid
  3. Octopus Energy’s Saving Sessions scheme has saved customers the increase of the January price cap

Customers who signed up to Octopus Energy’s Saving Sessions scheme by turning down their usage an average of 0.7kWh per session will earn back enough to offset the January £24 price cap rise.

More than 313,000 (26%) Saving Sessions customer are expected to earn this amount before the end of this year’s demand flexibility service on March 31st.

‘Saving Sessions’ was the first consumer flexibility project to be announced after the National Grid’s Demand Flexibility Scheme launched in November 2022.

Last year more than 700,000 Octopus’ smart meter customers signed up to turn down their energy usage, earning a combined £5.3 million over the course of last winter, but this year more than 1.2 million customers are now signed up and have already earned £4m in just 10 possible hours of activity.

Find out more about the Saving Sessions scheme here.

Saving Sessions results comparison

Winter 22/23
Winter 23/24 so far

Number of windows
13
9

Customers signed up
More than 700,000
More than 1,200,000

Total hours:
14.5
10

Average opt-in per session (customers who say they want to reduce energy during a session)
343,272
397,000

Total paid out
5.3m
4m

CO2 savings
430,000kgs
355,000kgs

 

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