Greg Jackson
@g__j
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Founder https://t.co/AnSgt1hkyV Customer issues: email greg at https://t.co/AnSgt1hkyV for best response Blog at https://t.co/SQplcngLfz
Our one precious planet
Joined November 2008
How broken is UK electricity market?. You've paid for 8,000 and received less than 3,000. At a cost - to you - of hundreds of millions. And the more we build, the worse it gets, for years. (zonal pricing helps sort this).
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Zonal pricing would see prices fall everywhere. Unlike today's postcode lottery which punishes Wales, Northern England, Scotland - the home to so much generation. (*one scenario saw prices rising £1-5/yr in the SE. Which policy would easily eliminate).
"There are reports zonal might have been canned in case Welsh bills going up.". I live in North Wales and can confirm that we already pay the most for electricity than any region in the country 🫠.
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Bizarrely, they make money when they're not making electricity. this should be cheap power, especially for the communities nearby - but instead pushes costs up for everyone.
@g__j We live in South west Scotland and there is nothing more frustrating than driving past the Whitelee Wind Farm and seeing so many turbines not running! Government need to work on storage and get them all running.
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Britain's broken energy system. Companies built windfarms where there's no grid and you pay them to not generate. Soaring costs, locked in for years to come, & more on the way. It's not good enough to sigh- something must change. It's brutal for families and crippling for growth.
Wind curtailment and gas turn-up costs in 2025 are up ~50% compared to this time last year
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RT @stuartbruce: This appears to be a huge mistake. The arguments for zonal pricing appear to make sense. If those against it have a case,….
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4 days ago we announced Wasted Wind ticker on our homepage, adding transparency to energy costs. Already, over 100,000 people have clicked to find more- there's real interest. Less positively, £650m had been wasted so far this year - and it's already reached £690m :(
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This matters because:.a) We are happy to hold our hands up when we're wrong -but Ofgem's addiction to sensational headlines detracts from the efforts they should be putting into driving bills down by billions.b) Pedantic tick boxing can be to the detriment of customers - as here.
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Embarrassing for Ofgem. 2 years of investigation over £230k- and it's not even correct. Octopus *saved* customers £7m.a: no errors- we simply disagree with Ofgem's contradictory rules.b: their erroneous PR says the issue started in 2014- we launched 2016!.
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There's a lot more to come. there's so many billions wasted in energy and it all ends up on bills.
I love that @OctoEnergy and @g__j are pulling the data on this and making it publicly visible! Thank you!.This needs fixing asap!.
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"the biggest vote swinger is lower energy bills: 54% of adults … said they would be more likely to support Labour if prices fell; just 13% said a clean-power target would increase their support". Without zonal pricing, elec bills will rise around 10% especially in 2029.
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very rare proud dad post. having done his A Levels, eldest is now grafting.
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An absolute honour for me to share the panel with minister @mgshanks and Maksim, CEO of the incredible @dtek_en . So many customers spoke to me about it afterwards - so great to be able to include them in the conversations too.
Started London Climate Action Week with @OctopusEnergy's @g__j with @dtek_en to discuss energy resilience and the importance of clean power in Ukraine's energy security. The transition to clean power around the world is unstoppable and right for climate, industry and security.
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A misconception of zonal pricing is that it’s about relocation. Reality is that it brings bills down £4bn/yr by better managing the existing system. Less economic rent for generators and much less waste in curtailment and balancing. Good explanation here.
@g__j We're aware you've said it 1000 times. One of the UK's most respected energy economists (which, with respect, you are not) is politely pointing out that, on each occasion, you are wrong. The whole point of zonal pricing is to create a price signal to incentivise the relocation.
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Great point. Texas has locational pricing and huge growth in electricity generation, batteries etc. And thanks to this it's the right stuff in the right place and very cheap.
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Texas is just so woke.
Electricity prices are soaring around the country due to the current heat wave—everywhere but Texas. And this map explains why. 🧵
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This was nuts.
There’s 3,000 people at the @OctopusEnergy Energy Tech Summit today in London. Including a lot of celeb speakers like Yuval Noah Harari. Ceo @g__j just announced a £299 a month BYD car, which INCLUDES all your driving.
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