NIGEL BANKS
CREDIT: OCTOPUS ENERGY
Zero Bills Director, Nigel Banks, announcing the Zero Bills Standard
The business model behind the breakthrough Sceptics might wonder whether other customers are subsidising these zero-bill households, though Nigel is quick to dispel this notion.“ The opposite actually,” he says.“ These homes are generally putting power back into the grid at peak time and pulling power off the grid when there’ s excess renewables available, so they are actually helping the grid.”
The tariff is financially sustainable because Octopus generates revenue from exporting energy back to the grid and providing services to it. This more than covers the costs of importing energy and servicing the customer.
NIGEL BANKS
TITLE: TECHNICAL DIRECTOR OF ZERO BILLS AND LOW-CARBON HOMES
COMPANY: OCTOPUS ENERGY INDUSTRY: ENERGY
Nigel is passionate about improving people’ s homes to benefit their health, wallets and the planet. Having worked in housing design, construction and manufacturing, he now leads Octopus Energy’ s work in making Zero Bills the new standard for housing in the UK and around the world.
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