Octopus Energy strikes new deal with Iceland to bring down supermarket costs

“It also gives us some clarity on our energy costs for the coming years – at a significant discount to the current wholesale price. This helps to mitigate the impact of the volatility that has plagued the industry for the past 12 months.

“Switching to more renewable forms of energy to power our sites will be a huge priority for us in the coming years, as we continue to identify solutions to optimise sustainability across the business.”

Octopus estimated that their deal with Iceland Foods will reduce the supermarket’s emissions by 23,000 tonnes of CO2, the equivalent of removing over 12,000 petrol cars from the roads, or planting over 110,000 trees every year.

Zoisa North-Bond, CEO of Octopus Energy Generation said: “It’s great to see such a massive British firm like Iceland Foods accelerate its renewable energy journey, freezing its foods with the power of the sun.

READ MORE: Octopus Energy pledges urgent scale up of clean power projects in UK

Article source: https://www.express.co.uk/news/science/1742123/octopus-energy-strikes-deal-iceland-solar-supermarket-costs