Friday, February 28, 2025

Octopus and Ilke launch clean energy scheme with no bills for householders

UK power supplier Octopus Energy has joined forces with housebuilder Ilke Homes to develop a renewable scheme that aims to guarantee home buyers no energy bills.The joint project between Octopus and Ilke, which builds prefab homes in factories, is designed to wean the country off fossil fuels in what the companies say is a first for the UK market.Octopus chief executive Greg Jackson said the renewable scheme could transform the UK energy market, just as families struggle with soaring energy costs.However, the initiative means buyers will have to pay an extra £8,000-£9,000 when they buy their house, said Giles Carter, Ilke’s chief executive. This is the cost of adding solar panels, battery storage and air source heat pumps to the homes to make them energy self-sufficient.The companies are piloting the project with a pair of two-bedroom, semi-detached family homes in Essex….

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