Octopus Energy for Business has launched two new tariffs designed to grow the vertical farming industry.
The company claims the Vertical Power tariffs “pave the way” for agritech businesses and control-environment farms to bring down energy costs and reduce their environmental impact.
The two new tariffs are:
Vertical Power Tri
This tariff avoids peak pricing between 4pm and 7pm. It delivers the “most efficient savings” when compared against the adoption of technologies and changes to farming operations. It provides up to “8 per cent saving annually versus cheapest Economy 7 tariff”.
Vertical Power Agile
When combined with automation, this tariff allows a vertical farm to scale up or reduce energy usage depending on the cost of energy at half-hour granularity. Savings are dependent on site flexibility and crop type, but Octopus says models show this could unlock savings of up to 12 per cent.