Earn $2 Credit for Every kWh of Electricity You Reduce with Saving Sessions @ Octopus Energy

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BlackLab on 05/08/2026 - 23:07 octopusenergy.nz (68 clicks)
Last edited 06/08/2026 - 02:13 by 1 other user

I haven't seen this posted before. Octopus Energy will give you $2 per kWh of reduced usage during peak hours.
The next Savings Session is Thursday 6th August between 7:30-8:30am

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Saving Sessions

Earn $2 for every kWh of electricity you reduce with Saving Sessions

Saving Sessions are back!

We’ve launched Saving Sessions for 2026 where you get paid to use less electricity at times when there is extra high electricity demand. You can play a valuable role in reducing the cost of electricity and the use of fossil fuel generation in the system by shifting usage away from these times. Better yet, we’ll reward you for it.

It’s entirely optional to participate! We encourage you to have fun and tag us on Instagram and Facebook to show us how you are saving this winter.

How will Saving Sessions work?

When a period of extra high demand is forecasted we will announce a Saving Session event.

All customers who have opted into Saving Sessions will be notified ahead of the event time. Each event will usually last for one hour. Expect them to typically occur during the peak periods (7 am to 11 am and 5 pm to 9 pm, weekdays).

If you have opted into Saving Sessions, you will be notified of a scheduled event via email and SMS notification and the time it will take place. We will reward you $2 for every kWh of reduced usage.

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Octopus Energy NZ

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  BlackLab on 05/08/2026 - 23:17

  Looks like the country's electricity supply may be tight on Thursday 6 August 2026 so we've locked in a Saving Session.

  Saving Session Details
  Time: 7:30am to 8:30am
  Date: Thursday 6 August 2026

  During this time we'll pay you $2 for every kWh you reduce your usage by, so set your alarm and get ready to save.

  Save as much as you can, but make sure you stay warm, safe and comfortable and don’t turn anything essential off.

  For more about Saving Sessions and how we calculate your savings, visit our website or check out our blog for tips on getting the most out of the sessions.

  Kind regards,
  Octopus Energy NZ

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  RockCartel on 06/08/2026 - 08:09

  I wonder if they have bought / hedged some supply at x rate, but demand is above what they have hedged, and pushing the spot buy price above their sell price.

  I love the marketing "encourage you to have fun"
  We need some memes of this.
  I see a flat of young people in the dark, heater off, under the covers having 'fun' staying hot (and steamy).

  https://www.transpower.co.nz/system-operator/notices-and-rep…
  https://www.ea.govt.nz/industry/wholesale/spot-market/

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  Alan6984 on 06/08/2026 - 08:13

  How do they calculate what your reduced usage was? Do they give you a reference usage for that hour ahead of time, and compare to that?

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    BlackLab on 06/08/2026 - 08:47

    Didn't see any reference amount in the email but you can look it up on your account, although that is only for a full hour (e.g. 7-8am).

    They say how they calculate it in the FAQ

    Firstly you must have a communicating smart meter. We’ll then look at your historical smart meter data leading up to a Session, and calculate what you usually use at that time of day, on average.

    If the Session is on a weekday, we’ll look at your half-hourly usage over the last 10 weekdays (excluding Saving Session days). If the Session is on a weekend, we’ll look at your half hourly usage over the last 4 weekend days.

    We then use these half-hourly averages as a benchmark – so you’ll earn credit for every kilowatt hour you save compared to that number during your Session.

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  Flippant on 06/08/2026 - 08:14

  How much power are people using to make this achievable? I just checked our usage since 1st July and the highest single hours usage at any time of day or night was 1.87kwh and that was last Tuesday around lunchtime when it was snowing and we had everything running.

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    Alan6984 on 06/08/2026 - 08:17

    How much power are people using to make this achievable? I just checked our usage for the entire month of July and the highest single hours usage at any time of day or night was 1.87kwh and that was last Tuesday around lunchtime when it was snowing and we had everything running.

    Good point - most people might be able to save one kWh, so they'll get $2 (plus, perhaps, the saving on that one kWH so call it another 30c perhaps)?

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