Octopus Energy on The Rest Is Money

Support for this episode comes from Octopus Energy and the founder and CEO Greg Jackson is with us now. And I want to ask about oil prices. Obviously, they're very high at the moment. What's your advice for a company worried about them? First of all, if you use a lot of electricity, it may be possible to get electricity tariffs where you get charged less at certain times of day. And a lot of businesses have been able to benefit by shifting their electricity consumption. They still use as much energy, they just pay less for it. Of course, things like heating space can be very expensive and finding ways to do that more efficiently by heating to maybe 18 degrees rather than 21 can make a very big difference. But of course, look, the real solution is that Britain needs to escape from this dependence on the global fossil fuel price. And that means more electrification, disconnect our electricity price from the gas price, and ultimately get more of electricity from British resources. Nice one, Greg. Thanks for explaining that.