The Rest Is Money 166. How To Cut Energy Bills
46 snips
May 4, 2025 
In this discussion, Greg Jackson, Founder and CEO of Octopus Energy, shares insights from the forefront of the renewable energy movement. He explores whether the transition to green power should be accelerated or slowed down and debates the viability of local power through zonal pricing. Jackson addresses the risks of system crashes related to renewables, delves into the challenges of electric vehicle adoption, and highlights the vulnerabilities of centralized energy systems to cyber attacks. His expertise sheds light on the pressing need for systemic reforms in energy pricing.
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Balancing Energy Bills and Climate Goals
- The challenge is balancing short-term energy bills with long-term climate goals.
- Wind and solar power should be the cheapest power sources but the market doesn't allow people to benefit yet.
Gas Dependency and EV Cost Benefits
- Politicians often fail to communicate that gas dependency causes high energy costs.
- Electric cars are up to six times cheaper to run than petrol cars, but this is rarely highlighted.
Heat Pumps Over Gas Boilers
- Install heat pumps when your gas boiler ages or becomes unreliable.
- Modern heat pumps often reduce heating costs and improve comfort compared to gas boilers.