Aira launches 100% green energy tariffs powered by Octopus Energy, cutting annual energy bills by up to £1245
London, UK - July 18 2024. Clean energy-tech champion, Aira, to launch two new energy tariffs powered by Octopus Energy that will significantly reduce energy costs for Aira Heat Pump customers, with further energy cost savings for those with solar panels.
- Aira comes together with Octopus Energy to offer its first integrated heat pump tariff, designed to maximise savings for customers
- Aira launches two new clean energy tariffs - Aira Zero and Aira Solar Export
- Customers with an Aira Heat Pump can save up to £500 on energy bills every year with Aira Zero, compared to a gas boiler
- In addition, when customers also have solar panels and Aira Solar Export, they can save a total of up to £1245 on energy bills every year, compared to a home with a gas boiler
London, UK - 00:01 GMT 18 June 2024. Clean energy-tech champion, Aira, to launch two new energy tariffs powered by Octopus Energy that will significantly reduce energy costs for Aira Heat Pump customers, with further energy cost savings for those with solar panels.
The Government has ambitious heat pump targets and Aira plans to serve 1M homes across the UK with clean energy-tech solutions over the next decade. From today, Aira is paving the way for households with an Aira Heat Pump to save up to 33% on their energy costs through the Aira Zero tariff and up to 44% on energy costs when adding solar panels and Aira Solar Export tariff.
Aira Zero: the intelligent choice for Aira Heat Pump customers who are looking to maximise energy cost savings and completely reduce CO2 emissions. Aira Zero can save a typical British household1 up to £500 on energy bills each year, with eight hours of the day at a 51% discounted rate compared to the local day rate.
Aira Solar Export: created for homes with Aira Heat Pumps, Aira Zero and solar panels, this tariff can save customers a total of up to £1245 on their yearly energy bills, and is available on a fixed or flex rates:
- Fixed: helps homes automatically benefit from selling back surplus electricity, at a fixed rate of 15p/kWh for every unit that is exported back to the grid.
- Flex: customers can sell surplus solar powered electricity back to the grid when wholesale prices are high for even greater savings.
Aira Zero and Aira Solar Export are the intelligent choice for British households looking to save on energy costs and eradicate home heating CO2 emissions.
Aira Intelligence’s native integration with the Aira Zero tariff ensures the Aira Heat Pump preheats when energy prices are low and conserves energy when prices are high. The optimisation is automatically turned on once a household switches to the Aira Zero tariff.
Kaj af Kleen, Aira Chief Product & Technology Officer, said: “At Aira, our mission is to take Europe off gas by accelerating the electrification of home heating, and this strategic partnership with Octopus Energy is another step forward for the clean energy transition. We’re proud to be driving this mission forward together and saving people more money with clean energy tariffs. Aira Intelligence’s native integration with the tariff allows us to manage the heat pump optimisation seamlessly, offering customers maximum cost savings and complete peace of mind. We're excited to continue on this path, expanding our ecosystem further and developing future collaborations to bring more clean energy-tech solutions to the market."
Rebecca Dibb-Simkin, Chief Product Officer at Octopus Energy, said: “We’re delighted to be powering Aira in their mission to supercharge the transition to cheap, clean power for all. Together we’re launching two trailblazing new tariffs that will empower Aira customers to slash emissions and save serious money.”
For further questions
Download the press pack here
Gabriella Irvine, Group Head of PR, email: gabriella.irvine@airahome.com
Elannah Boyce, The 10 Group, email: elannah.boyce@the10group.com
Aira UK Clean Energy Tariffs website: https://www.airahome.com/en-gb/energy-tariffs
Sources
1Based on a typical 3 x bedroom British household moving from a gas boiler with an average annual gas consumption of 15,000 kWh at 5.48 p/kWh and annual electricity consumption for appliances of 3,000 kWh at 22.36p/kWh to an Aira Heat Pump and the Aira Zero Tariff with annual electricity consumption of 3,375 kWh for heating and 3,000 kWh for appliances at 22.36 p/kWh (which is the average energy price throughout a 24h day at 40% base rate at 22.65 p/kWh, 52% dip rate at 11.10 p/kWh, 8% peak rate at 32.84 p/kWh). Prices accurate July 2024.
About the money saving calculations
| Energy cost saving % with Aira Heat Pump + Aira Zero | Indicates the percentage a customer will save over 20 years when taking into account the product costs and energy for heating and appliances, when comparing a gas boiler to a heat pump as the source of energy to heat your home and hot water.
| 33% |
| Energy cost saving % with Aira Heat Pump + Aira Zero + Solar Panels + Aira Solar Export | Indicates the percentage a customer will save over 20 years when taking into account the product costs and energy for heating and appliances when comparing a gas boiler to a heat pump in combination with solar panels as the source of energy.
| 44% |
| Energy bill saving % with Aira Heat Pump + Aira Zero | Annual energy bill saving for an Aira Heat Pump home (for heating and appliances), compared to a gas boiler and appliances on the local day rate excluding product cost and maintenance costs. (Gas boiler monthly cost) £134 – (Aira HP + Aira Zero tariff monthly cost) £92 = £42 monthly savings. £42 x 12 = £504 yearly savings
| £500 |
| Energy bill saving % with Aira Heat Pump + Aira Zero + Solar Panels + Aira Solar Export | Annual energy bill saving for a heat pump home with solar panels (for heating and appliances), compared to a gas boiler and appliances on the local day rate excluding product cost and maintenance costs. (Gas boiler monthly cost) £134 – (Aira HP + Zero + solar + Solar Export tariff monthly cost) £30 = £104 monthly savings. £104 x 12 = £1248 yearly savings | £1245 |
About the 100% green tariffs
The tariffs Aira offer in partnership with Octopus Energy are 100% green. This means that the electricity you pay for originates from renewable sources such as wind, solar and hydropower.
Octopus Energy achieves this by working out how much power their customers are taking out of the grid annually and ensures an equal amount of renewable electricity is added into the system in its place over the year. Not only does this make the electricity you pay for carbon free, but it also helps make the energy system greener for everyone.
About Aira Zero and Aira Solar Export
Aira Zero: Eight hours at a discounted rate of 51% in comparison to the local day rate at three time periods of the day: 4am – 7am, 1pm – 4pm and 10pm – 12am. For three hours of the day, between 4pm – 7pm, the electricity price will be at +45% in comparison to the local day rate. The Aira Heat Pump will be optimising usage when the energy prices are at their lowest and therefore avoiding usage between peak hours where possible.
- Aira Zero: Tariff charging 11.10p/kWh between 4am – 7am, 1pm – 4pm and 10pm – 12am and 32.84 p/kWh between 4 – 7pm. Rest of the day 22.65 p/kWh. (Average local day rate – 22.65 p/kWh - accurate as of July 2024)
- Aira Solar Export Flex: The price follows the half-hourly prices in the wholesale market
- Aira Solar Export Fixed: 15p/kWh
About Aira
Aira provides clean energy-tech solutions to consumers and is set to become Europe’s number one direct-to-consumer brand within the industry. Aira accelerates the electrification of residential heating with intelligent clean energy-tech to enable the net zero future we all need. With Aira, consumers across Europe have a go-to-provider for complete home energy saving solutions, with intelligent heat pumps at the heart. Aira's vertically integrated model, combined with our consumer-centric monthly payment plan that requires no upfront cost, enables best-in-class consumer economics and cost leadership. Aira’s mission is to empower people to join the clean energy revolution, one home at a time. Founded in Stockholm, Sweden, by Vargas Holding and backed by climate and innovation investors including Altor, the Burda family, Collaborative Fund, Creades, Kinnevik, Lingotto, Nesta Impact Investments, Statkraft Ventures, and Temasek. www.airahome.com/en-gb
About Octopus Energy
Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 7.8 million households globally. Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects – one of Europe’s largest. Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website.
