Consumer champion Martin Lewis has uncovered what he's calling a "game-changing" energy deal that could provide massive relief to households struggling with soaring bills. The money saving expert revealed that Octopus Energy's "Cosy Six" tariff offers electricity for as little as 3p per hour during specific off-peak periods.
The Revolutionary Tariff Breakdown
This innovative energy plan operates on a unique structure that could see savvy consumers slashing their electricity costs dramatically. According to Lewis, the tariff includes:
- Super-cheap overnight rates of just 3p per hour between 10pm and 5am
- Daytime rates at approximately 15p per kWh
- Six hours of peak pricing between 4pm and 7pm when costs rise significantly
Who Can Benefit Most?
Martin Lewis emphasised that this tariff isn't a one-size-fits-all solution but could be perfect for specific households. "If you can shift your high-energy activities like washing, charging electric vehicles, or running heating systems to those overnight hours, the savings could be substantial," he explained during his latest money briefing.
The deal is particularly advantageous for households with:
- Electric vehicles requiring overnight charging
- Storage heating systems
- Flexible schedules that allow shifting energy use to off-peak hours
- Heat pumps or other energy-intensive systems
Important Considerations
While the 3p per hour rate sounds incredibly attractive, Lewis cautioned consumers to carefully assess their energy habits before switching. The six-hour peak period between 4pm and 7pm carries significantly higher costs, meaning households that use most of their electricity during these evening hours might not see the same benefits.
"This isn't for everyone," Lewis stressed. "You need to be strategic about when you use your electricity to make the numbers work in your favour."
How to Access the Deal
The Cosy Six tariff is available through Octopus Energy and requires a smart meter to track usage across different time periods. Households interested in exploring this option should contact Octopus directly or use comparison tools that include time-of-use tariffs in their assessments.
With energy costs remaining a significant concern for millions of British families, this innovative approach to pricing could mark the beginning of a new era in how we consume and pay for electricity.
