Octopus supercharges social housing with new ‘Tenant Power’ tariff

‘Tenant Power’ also benefits social housing landlords, like housing associations, who get paid for any excess energy produced by the homes’ solar panels. The green energy automatically gets sold back to the grid at peak times, helping to balance the grid while enabling landlords to fund the upgrade of even more homes.

The innovative tariff is the UK’s first solution for social housing that allows both tenants and landlords to benefit from green energy tech.

Any social home with solar panels and an Octopus-optimised battery can sign up for ‘Tenant Power’. If landlords add extra low-carbon tech like smart heat pumps, tenants could save even more.

Octopus Energy is now inviting housing associations and local authorities to offer ‘Tenant Power’ to their tenants, bringing affordable, green energy to more communities across the UK.

Nigel Banks, Zero Bills Director at Octopus Energy, said: “One of the biggest blockers to scaling green social housing has been the lack of incentives for landlords. 

“‘Tenant Power’ removes that barrier by giving landlords a clear return on their investment in low-carbon tech, while delivering meaningful savings for tenants. 

“It’s a win-win model for both landlord and tenant which helps accelerate the roll out of affordable, sustainable housing.” 

More information on ‘Tenant Power’ and how to sign up can be found here.