Octopus Energy Launches New Smart Home Plan 'Intelligent Octopus'
Niko Pajkovic — March 25, 2022 — Eco
References: octopusenergy & businesswire
Octopus Energy, a renewable energy company offering global access to 100% green electricity, has announced the launch of Intelligent Octopus, an all-new integrated fixed-rate plan that offers customers special rates for helping the company balance its grids during times of peak energy consumption.
When customers enroll for Intelligent Octopus they will benefit from the power of demand response, which sees the company reduce energy usage at moments of peak demand to prevent system failures. The new plan will allow customers to save money while prioritizing energy efficiency.
"With Intelligent Octopus, we’re making it easier than ever for consumers to engage with their energy use while rewarding them for taking positive actions to maintain the grid for themselves and their neighbors," said Michael Lee, CEO of Octopus Energy U.S.
Image Credit: Octopus Energy
When customers enroll for Intelligent Octopus they will benefit from the power of demand response, which sees the company reduce energy usage at moments of peak demand to prevent system failures. The new plan will allow customers to save money while prioritizing energy efficiency.
"With Intelligent Octopus, we’re making it easier than ever for consumers to engage with their energy use while rewarding them for taking positive actions to maintain the grid for themselves and their neighbors," said Michael Lee, CEO of Octopus Energy U.S.
Image Credit: Octopus Energy
Trend Themes
1. Demand Response - Introducing demand response to optimize energy usage during peak times creates opportunities for energy providers to offer incentive-based programs for energy-efficient behavior to customers.
2. Integrated Fixed-rate Plans - Offering integrated fixed-rate plans with special rates for grid-balancing during peak energy consumption provides an opportunity for renewable energy companies to stand out in the competitive energy market.
3. Green Power - Green power and renewable energy sources provide a new and growing market with increasing demand, targeting eco-friendly consumers and offering an opportunity for businesses to enter and invest in the sector.
Industry Implications
1. Renewable Energy - Renewable energy providers can adopt innovative pricing models such as integrated fixed-rate plans, to incentivize customer behaviors and optimize grid operation during peak energy consumption.
2. Smart Home - The emergence of smart home technology creates opportunities for companies to offer demand-response programs that use energy-efficient behaviors to optimize energy consumption during times of peak demand.
3. Energy Market - New developments in demand response and integrated fixed-rate energy plans create opportunities for companies to enter, differentiate and disrupt the competitive energy market - particularly in the green energy sector.
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