Can Octopus Energy Wrap Its Arms Around North America? | Demand Flexibility & More With Eric Davids | BONUS
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Can Octopus Energy Wrap Its Arms Around North America? | Demand Flexibility & More With Eric Davids | BONUS
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Octopus Energy paid its UK customers collectively over £100,000 during a recent heat wave, not through new infrastructure, but a text message and a price signal offering demand flexibility. That caught our attention.
In this episode, Ed and Sara (David sits this one out) talk with Eric Davids, Head of Strategy for Octopus Energy's US business, about redefining utility-customer relationships, how approaches in the UK stack up against North American utilities' much blunter "please conserve" grid alerts, and what happens when consumers get real price exposure and it doesn't go well.
🎙️ TIMESTAMPS
0:52 – Episode intro
1:56 – Welcome Eric Davids
5:57 – What is demand flexibility?
7:40 – Inside Octopus's £100K UK heat wave response
9:51 – Alberta's grid alerts vs. Octopus's incentives
22:11 – Guardrails against price exposure risk (Winter Storm Uri)
28:21 – Is this just another hype cycle?
35:45 – Equity and the energy transition
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