Octopus Energy to Pay Customers 52 Pence per Kilowatt Hour Reduced in 24 June Saving Session

Octopus Energy is launching its second Saving Session on 24 June 2026 between 19:30 and 20:30, paying customers 52p for every kilowatt hour they reduce. The supplier is also awarding 415 OctoPoints per kWh turned down during the hour-long window. Around 1.2 million Octopus customers are eligible to take part.

The company's network of 440,000 connected devices, including home batteries and electric vehicles, is expected to shift up to 4.5 gigawatt hours of demand. A preliminary session held on 23 June attracted more than 528,000 customers at a rate of 196 OctoPoints per kWh.

Octopus Energy has now run six summer Saving Sessions since April 2026, compared with eight turn-down events across the full April-to-October period in 2025.

The programme has distributed nearly £6 million to participants since its start. Customers on smart tariffs have collectively saved approximately £1 billion by moving consumption to off-peak times. Greg Jackson, founder and CEO of Octopus Energy Group, said the events show a modern flexible grid already operating.

He added that more than a million British homes are shifting usage and charging times during the heatwave and receiving payment for it. Jackson further stated that market reforms such as zonal pricing combined with greater flexibility could address periodic grid constraints more cheaply than building new infrastructure.

Saving Sessions were originally introduced as a winter measure during the energy crisis and have since expanded into summer demand management.