One of Britain’s largest energy suppliers is giving away three hours of free electricity to thousands of people today.
Customers signed up to Octopus Energy Agile tariff will be able to make use of free electricity from 11am to 3pm today.
As we’re coming close to 12pm, that means you have just three hours left to claim the free energy.
Those benefiting can use as much electricity as they want during the window.
Users received an alert from Octopus energy earlier today letting them know that they can claim their free electricity.
This is happening because Octopus Energy Agile offers customers electricity prices that change every half an hour, based on the wholesale price of energy.
So when the wholesale price of electricity drops, the price you pay falls too.
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Across the UK, whenever more electricity is generated than consumed, energy prices fall – sometimes to the point where prices hit zero or even drop below.
When prices go below zero, suppliers are paid to take energy off the grid.
Under Agile Octopus Plunge Pricing scheme, this means users get paid for the electricity they use during these negative pricing events.
This happened on Saturday, when users were paid to user power during the afternoon dip in energy demand.
But prices can also spike during the high demand periods.
The scheme incentivises users to shift their daily electricity use outside of peak times to save even more money.
How to join Octopus Agile
To benefit from Octopus agile pricing, you first need to be an Octopus Energy customer.
You will also need a smart meter.
Then you can swap from a standard Octopus tariff to Agile.
If you are switching from a different supplier, it takes 14 days for Octopus to connect to your smart meter so they can read it.
Once connected and Octopus will send you an email asking you to accept the Terms and Conditions.
Then you’ll be switched automatically to tariff Agile Octopus.
If you want more tips and tricks on saving money, as well as chat about cash and alerts on deals and discounts, join our Facebook Group, Money Pot.
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