Octopus Energy customers can get £300 off bills as price rise hits - how you can claim
by Alex Evans · ChronicleLiveOctopus Energy customers are set to enjoy a £300 annual reduction on their bills, thanks to a £7,500 heating upgrade grant. This comes as energy bills are expected to rise by another £21 or 1.2 percent.
The government has announced an extension of the Warm Homes Plan, which it claims will save energy customers up to £300 a year. The Department for Energy Security and Net Zero has revealed that 300,000 homes across the UK will each receive £7,500 to replace their boiler with a heat pump in 2025.
Planning regulations have been eased to expedite the installation of heat pumps, and more homes will be offered insulation as part of the scheme. The government asserts that a heat pump can reduce bills by as much as £100 a year, while insulation can cut another £200 off, costs that are covered by the scheme.
It is claimed that these changes will increase the likelihood of more households installing heat pumps. The government stated: "Households install an air source heat pump without needing to submit a planning application in England – removing the 1m rule, with figures from Octopus showing 34% of those who order a heat pump are discouraged or drop out for reasons attributed to planning permission."
"Working alongside the government's mission to make Britain a clean energy superpower, the Warm Homes Plan will ensure millions more households benefit from homegrown energy delivered by every new turbine, solar panel or pylon built on the path to energy independence., reports the Express.
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The statement highlighted the government's commitment to energy efficiency and savings: "This includes boosting the budget for the Boiler Upgrade Scheme to support more households switch to a heat pump – which can save families around £100 a year compared to a gas boiler by using a smart tariff effectively, and insulating more homes across the country – potentially saving homeowners around £200 per year."
Octopus Energy's website presents a comparison indicating that households could save an average of £300 annually with its Octopus Cosy heat pump tariff, as opposed to using a traditional boiler on the Flexible Octopus plan, costing £1,391 per year instead of £1,691. Greg Jackson, CEO of Octopus Energy, commented on the challenges facing consumers: "More than a third of customers who order a heat pump drop out because of planning issues, leaving them stuck with dirty, inefficient gas boilers. Removing outdated and unnecessary red tape is an urgent priority to grow this sector and get low cost, safe, clean heating technology into British homes."
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