Energy supplier Octopus has launched a new tariff that promises customers will not pay anything for their electricity for five years
Octopus Energy is transforming the market with a newly unveiled tariff that pledges to customers they will pay absolutely nothing for their electricity - a total of £0 per month. The innovative energy firm has launched the 'Octopus Zero Bills' plan, which promises exactly what it suggests: no energy bills for a full five years.
Electricity-driven heat pumps, which extract air from outside to warm it before circulating it indoors, represent an investment higher than traditional boilers, but grants are available to mitigate the installation costs. The transition to heat pumps is expected to eventually phase out conventional fossil fuel boilers.
"It's not magic, but could just as well be. If you live in a brand new, specially built Zero Bills home, you'll not receive an energy bill - no costs, no worries."
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