UK electricity prices are amongst the highest in the world, and Tony Blair this week argued that part of the problem is the net-zero agenda. By choosing not to use our fossil fuel resources (including “huge reserves” recently discovered near Gainsborough), the UK has transitioned from energy exporter to importer, pushing up household electricity bills, then increased further by ‘green’ taxes and subsidies which comprise about a quarter of the final amount.

For once though, there is a little relief available for those that live close to the Lincolnshire Offshore Wind Farm. Specifically for those in the following postcodes: DN31, DN32, DN33, DN34, DN35, DN36, LN11, LN12, LN13, PE24 & PE25.

Join the Fan Club

Octopus Energy users in those postcodes who have a smart meter capable of providing half-hourly consumption details (SMETS2 or Secure-branded SMETS1) can register to become members of the “Fan Club”. Simply sign in to your account on their website (or sign up using this link for a £50 welcome discount*) and look for the signup details.

The Fan Club encourages its members to use electricity when the wind farm output reaches 300kW by offering a 20% discount, rising to an impressive 50% if it hits 3,350kW. The Octopus App gives an estimate of the current discount as well as it’s predictions for the upcoming 48hrs.

Having been signed up for a couple of months I can report that, at least in the traditionally windy March and April, the 20% was frequently available at some point during the day, though 50% was a rare sight.

What are the savings?

I signed up intending to consume energy as normal and accept any discounts as a bonus. A couple of times I might have checked the App and decided to run the washing machine / dishwasher later in the day, but generally my results could probably be improved on by those more dedicated.

On my most recent bill the electricity component was £70 on which the Fan Club earned me a £9.50 discount. That’s over 13%. I’m sure many of us have switched provider for less so, if you are eligible, log onto your account right now (or sign up for a £50 welcome discount*) and get a little relief from the UK’s sky-high energy bills.

This article reflects the experiences of the author and does not constitute financial advice. Be sure to research which energy provider best suits your requirements before switching.

*New customers can receive a £50 discount (£100 for businesses) by signing up to Octopus Energy using the links in the above article, which will also earn the author a commission.