Octopus Energy customers can save £660 a year on energy bills by switching to green tariff | Personal Finance | Finance

The energy supplier has set up ‘Saving Sessions’, which will allow its 1.4 million smart meter customers and around 5,000 of its business customers to get paid to reduce their usage during times of peak demand.

For each unit of energy that customers save compared to their normal usage during a specific timeframe, the company calculates that it will pay customers £4 on average, potentially saving customers around £100 over the course of the winter.

Greg Jackson, CEO of Octopus Energy, said: “We’re entering a new era of energy in which households are moving from passive offtakers to active enablers of a smarter, greener and cheaper grid.

“Instead of cutting off whole chunks of the country if we are short of gas, we can reward people for using less energy at times of peak demand.