The energy supplier has partnered with Prosperity Group to develop the new site for hundreds of homes
Energy bills are expected to rise again this summer
Octopus Energy is launching 300 “zero bills” homes where it says residents won’t have to pay a penny for gas and electricity for at least ten years.
The energy supplier has partnered with Prosperity Group to develop the new site in Wisbech, Cambridgeshire.
The homes are expected to be complete in 2028, with tenants expected to move in later that year.
The prices for the properties, which come with heat pumps, battery and solar panels, have not yet been disclosed.
It comes as the energy price cap is set to rise again this summer, due to higher costs of oil following the war in Iran. The price cap is currently set at £1,641 a year for the typical household.
So far, Octopus has approved over 6,000 “zero bills” homes through partnerships with leading developers.
The homes available include private rent, plus privately owned and shared ownership properties.
Octopus aims to deliver 100,000 Zero Bills homes by 2030, and has already rolled out the initiative in Germany, France, New Zealand, and the UK.
Data from Octopus shows heat pump sales up 103%, solar panel sales up 78%, and EV charger enquiries up 42%, as Brits try to boost their energy independence.
Nigel Banks, Zero Bills Director, Octopus Energy, said: “We’re finding ourselves in yet another energy crisis, and households are looking for ways to protect themselves from unpredictable energy prices. Living without a home energy bill is no longer a distant ambition – it’s a reality thanks to our Zero Bills tariff.
“This partnership with Prosperity Group is a big step forward – together, we’re bringing Zero Bills living to hundreds of homes and showing what’s possible when smart tech is built in from day one.”
Joe Billingham, Chairman, Prosperity Group, said: “Our focus has always been on delivering high-quality, forward-thinking developments for both our investors and customers.
“Working with Octopus Energy allows us to integrate cutting-edge technology that not only enhances the living experience but also supports long-term investment performance.
“With increasing regulatory pressure around EPC standards and tighter requirements on the horizon, schemes like this offer a clear route to future-proofing assets from day one, while meeting the growing demand for sustainable, energy-efficient homes.”
It comes as new research from Uswitch shows energy suppliers are sitting on £3billion of customer credit with households urged to check if they should claim some of this back.
The total amount is up £179million compared to last year, with the average home in credit by almost £200.
