Global Energy Market Disruption. This man has THE PLAN!!

[@MAMPMBA]

Brilliant, simply brilliant. Global Energy and Strategy CEO

[@elephantintheroom5678]

I love smart people who are also ethical.

[@trueriver1950]

Sadly, a rare mix. Treasure them when you spot them

[@elephantintheroom5678]

@@trueriver1950 I disagree. I think smart people are more likely to be ethical, as they better understand consequences.

[@Adrian_kal]

They're ethical until they get to monopoly stage. Then they just milk everyone as much as they can. Don't fall for it. Power corrupts people.

[@AKARazorback]

Too bad he doesn't understand the environmental hazard wind turbines are... it's almost like he makes money off of them. Oh wait, he does.

[@elephantintheroom5678]

@@AKARazorback Let me say this very slowly so it can sink in: Fossil fuels have caused dangerous climate change that is melting the Arctic and Antarctic circles. Any minor damage wind turbines cause is simply a cost we will have to accept.

[@ians3328]

PLEASE get Greg to pin Miliband down and ask why £22B is better spent doing carbon capture than putting wholesale grid storage out there and trebling the renewables .... then if we have some money left maybe look at carbon capture. So much easier stopping it source.

[@alan4sure]

CO2 isn't a pollutant.

[@PaulG.x]

he's probably been bought. The first day the new conservative government in New Zealand was in session they cancelled a pumped hydro project that would have stored all our renewable energy and announced the repeal of bans on the exploration for oil and gas and mining for coal in conservation estates and cancelled tax incentives for EVs and disincentives for large ICE powered vehicles. The New Zealand government is currently owned by Big Oil and Big Tobacco

[@KevinHorrox]

Just because money was announced as being spent on CCS technology, doesn't mean the govt aren't spending in other areas of the energy grid to reduce or eliminate CO2e emissions. No singular direction will achieve the targets in the desired timeframe. Taking a wide-angled approach and spreading investments across various sectors of the industry will achieve goals quicker. Other investments that haven't been broadcast include; 32.9m in the development of energy storage technology 11m+ in smart energy systems 1.5bn in green infrastructure 240m into the evolving hydrogen sector 160m in port infrastructure for off-shore wind 630m to improve energy efficiency measures for new-builds and low-income households. These are all investment projects that have been initialised in the last 4 years

[@riba2233]

Carbon capture is a scam, it will never work so we shouldn't waste money on it

[@Morinaka25]

Because CCS is the preferred "solution" of the oil and gas industry, who have better lobbyists and more power.

[@michaelwmcguire]

Love it when someone I used to work with does well. Despite working in a big global corporation Greg was always a different person than most others. Well done Greg, keep it up..👏👏👏

[@goblinsgym]

One important reason for regional pricing would be that it puts a price tag on NIMBYism. You don't want local windmills or solar ? OK, pay more for your power since your region has a power deficit.

[@blackbaron0]

That is a great point. Incentives, or in this case perhaps disincentives, are the key to get any change through and done.

[@9userip0eSJD7]

@@blackbaron0yep. entirely logical

[@haderlumpi]

As a German living in Bavaria I say: hell, yeah! NIMBYism is really going rampart here and we need to do something about it. This idea sounds like a good solution!

[@goblinsgym]

@@haderlumpi Another mechanism would be to make network charges relative to the distance, i.e. local electricity will be cheaper. With current schemes, you pay the same whether the power plant is your neighbor, or all across the country.

[@zen1647]

Yes, yes, yes! Although I think people who live near wind farms should get some small one time compensation - but cheaper power when it's windy is an excellent idea!

[@barryyoung]

I really like your channel - none of the hate filled politicisation of our global warming challenge. Just good insights into technologies etc that will hopefully get us out of this predicament!

[@dallasweaver4061]

He obviously has a technical background and understands these electrical systems. Our electrical providers in my area used to have technical people in management back in the early 1960s. However, it has changed with the takeover by lawyers, PR people, bean counters, and political class members who fundamentally don't understand how the grid works. Our utilities don't want solar or batteries they don't own and act accordingly. For example, the Secretary of Energy in the US is an ex-beauty pageant winner with a non-stem education through Harvard Law. Nowhere in her CV are there indications that she has enough technical knowledge to understand energy system dynamics or nuclear weapons (also in her job description). A management rule: You can't rationally manage what you don't understand, but you can cause failure.

[@calamityjean1525]

"For example, the Secretary of Energy in the US is an ex-beauty pageant winner with a non-stem education .... " That will change if Harris wins.

[@thartwig]

Calling her out for having won a beauty pageant in HIGHSCHOOL is a bit sexist to say the least. Yes she is unqualified in terms of a meritocracy and seemingly has no knowledge or background in energy; but labeling her as a pageant winner to discount her ability or intelligence is incredibly unfair. If she was truly unfit we'd see something like trumps sec of education Betsy devos

[@dallasweaver4061]

@@thartwig I was trying to point out that her background was orthogonal to understanding energy. There is nothing wrong with a beauty pageant, but it is of no help in understanding the dynamics of an electrical grid where the supply and demand must always balance within milliseconds.

[@tarstarkusz]

This is dystopian.

[@alanhat5252]

​@@tarstarkuszyet here we are 😢

[@giulianozunino324]

I live in Italy, I abandoned methane completely, two years ago. I would like to try this services, before for my house, and after for my condominium, that has some solar panels and heat pump. The potential of this approach is immense!

[@johnwilson839]

I did not know about Kraken, so thank you. They are on the right track. Some of your videos expose speculative technologies that may never pay off, but this is the opposite! I will definitely keep my eyes on this one.

[@alanhat5252]

He was also interviewed by the Everything Electric Show.

[@bradliston8990]

Wow, I just wanna scream how awesome this is from the rooftops. Very cool!

[@alanhat5252]

You could post the video on your social media every day for a week?

[@terrycarter8929]

The electric companies in the USA puts heavy fees on people to hook up solar of wind. They charge you 3 times the amount at peak vs off peak. This makes it almost not worth doing it. The electric companies put restrictions on where you put the solar panels where the peak usage during the summer and don't let you put them where they will feed the grid off peak. So you would have to have two separate systems. One for peak and another to charge a battery bank to supplement when you can't produce enough to cover your usage. This greatly increases the cost and complexity of your system. This companies ideas could help if the electric companies go along with it. They don't make high profits from people with solar and wind connected to the grid unless they can't produce enough to cover their usage. The solar companies will not install enough panels on your roof to guarantee you can produce more than you use. The electric companies will not let them!

[@gerbre1]

Can you select between tariffs from different electricity companies? If so, all companies force these restrictions?

[@terrycarter8929]

@gerbre1 You normally don't get a choice that I am aware of. The electric companies have areas they service due to where they place their utility polls. Where you live determines who services your home. In new construction areas where different electric companies are close, it may be possible to have a choice?

[@jeffguarino2097]

Don't even connect to the grid. I am just going to spend about $2000, instead of $30,000 and just put a portable system on my roof and feed it to the major energy users in my house. My 3 fridges/freezer, and computers and TV's. I have an open basement and access through the floor. They use the most energy and you can just run extension cords to a few locations and then use automatic transfer switches to switch back to the grid when your solar and battery are depleted. Diverts automatically back to solar in the morning when the sun comes up. I can't justify an expensive solar system since I currently get some of the cheapest electricity in North America and my bill is less than $100 CAD per month now. In Florida electrical costs are absurd and my house there regularly uses $400 USD. I have no room for solar on my roof since I have a solar water heating setup for my pool. My home in Canada uses A/C from May to Sept and that does use a lot of energy , so I will have to investigate how to supply it with solar as well. It takes 220 volts.

[@terrycarter8929]

@gerbre1 I am not aware of any electric company in the USA that doesn't have the extra fees associated with connecting renewable resources to the grid. They loose money or can't control the excess energy being added to the grid. If they implement battery storage like Tesla did in Australia maybe we could get legislation to prevent them from robbing us? They already pay drastically less for what they buy compared to what they sell. It's a legal monopoly and they lobby the government to keep their shady business practices alive.

[@terrycarter8929]

@jeffguarino2097 unfortunately if you are already connected they will fine you for not connecting!!!! How this is legal I don't know? I have land elsewhere that I will be off grid and there is no current electricity polls. I just hope they can't force you to connect when they do put them in. I know I could just run one circuit to power a light bulb but it's still $50 a month to be hooked up!

[@stgeorgesfatfield4138]

Another issue that is not being talked about enough is the standing charge fiasco/ rip off. As a small charity, who own a building we have had a new 3 phase power supply installed. Initially we were going for 54KVA, but the engineer changed it to 69 kVA to 'future proof' us, e.g, for car charger, heat pumps, as well as a small 'commercial standard' kitchen for a community cafe. Our standing charge moved from £1.30 a day to £12 a day, that is at £4400 a year, more than our total electricity use prior to the new kitchen. I hear numerous horror stories of small business es getting stitched up like this. i contacted the government and that agree something is arwy, responding 'The Government recognises that too much of the burden of the bill is placed on standing charges. Ofgem has recently published a further discussion paper on standing charges, this includes some specific measures which may result in changes to standing charges for some groups of consumers.' however it isn't enough to stop this rip off. we are getting a 24 KW PV array for our roof, but that won't mitigate the standing charge rip off.

[@tarant315]

I would sue the electrician, it's like he sold you into this nightmare, ask him to build it back and upgrade when necessary

[@alanhat5252]

The reason for engaging an engineer is to avoid these pitfalls so he has failed his obligation so you don't need to pay him. (Yes, the argument stands up in Court).

[@alanhat5252]

I agree stepping from 54 to 69 shouldn't multiply your bill by 10 so yes, Gov't needs to step in!

[@charvais]

You were miss sold! No doubt about it sue them now! Don't wait!

[@starmole5000]

So sorry to hear that. Standing charges are far far too high indeed! Especially for our small businesses that's insane!

[@Alpinefolk]

Interesting technology. Honestly sounds like a privacy nightmare. I’d be very interested to hear how they plan to mitigate the risks to customers privacy.

[@Wazoox]

Notice that "local prices" may create massive inequalities to the point of injustice, if it happens that poor areas ends with more expensive power than rich ones for instance...

[@joansparky4439]

rich and poor 'areas' are the symptom of 'injustice' being well and alive

[@lauriecroad3186]

Very interesting. Shared. (UK Resident).

[@Leopold5100]

Excellent content, just switched to Octopus over here in New Zealand. Bring it on.

[@tilapiadave3234]

Has it solved the problem of what you lot do to sheep?

[@timwhite8500]

@@tilapiadave3234no. They generally eat them.

[@tilapiadave3234]

@@timwhite8500 Not what I know about new Zealanders that love sheep in pink bikini's ,,, red lipstick etc

[@tilapiadave3234]

@@timwhite8500 Sheep shaggers ,,, hmmmm

[@bdjm8595]

This is exactly what is needed to run the future, although vulnerability to attack is a big concern !

[@mikegrabarek7312]

This was your best episode yet!!! Please investigate it more regarding how it might work in the USA and where the key stakeholders are on this concept. Well done.

[@alanhat5252]

In the UK, generation supply & billing are provided by separate companies, we only deal with the billing company & there is competition. As I understand it in most States you have a monolithic monopoly generation/supply/billing company & there is no competition - your State has to change that, at your next election select a Representative who _will_ change it (I expect the Green Party is the most likely in your State).

[@Vazzini42]

A good step is to get on a 100% green energy plan from your provider. It puts you money to work and they can budget for cleaner grid improvements much easier.

[@a.v.gavrilov]

🔥🔥🔥 просто огонь. Интеллектуальная динамическая логистика - один из базовых ключей к быстрому переходу на 100% clean energy: PV, battery, EV, heat pumps, thermal isolation, recuperation on heat exchangers, + this energy logistics

[@arleneallen8809]

Amazing what can be done when the customer base is not viewed as cows to be milked.

[@samgragas8467]

Yes, the axioms of a perfect free market are altruist capitalists and well informed smart consumers. The world is ideal if evil does not exist, an obvious statement.

[@aniksamiurrahman6365]

Are you sure about that? Octopus' operation requires far more privacy violation than Google.

[@bazooka712]

@@aniksamiurrahman6365 google just wants your information to sell it to others, whereas operation octopus wants that information to tailor the grids' operation to its usage.

[@davidebacchi9030]

And, at least in Italy, are also far from being cheap

[@darrenmogg3440]

the very best farmers look out for the health of their cows...but they are most certainly still milked

[@captainhaddock7640]

Smart, sensible and innovative. A great example of private enterprise driving positive change. What a shame we've got that plank Miliband and layers of bureaucracy and vested interests in the way of making the big legislative changes required to leverage the potential energy future that Greg & Co have ably demonstrated is possible.

[@Jeffswiger36]

Thank you for quality programming. What you are describing here is accurate - the flight to safety to the US stock market and dollar. This is what is keeping the market going at this time and preventing a crash. This "melt UP" phase will go on for a while, then as the global economy crashes so will US markets only harder due to the "No Win scenario" that has been created by so much obscene debt. Next comes the "Default Phase" with mega-massive bankruptcies and lastly "Asset Seizures" where banks and the Fed government will simply declare an extreme national emergency to justify the crisis and debit your account directly. The fools will think that this could never happen. The actual legislation for this type of action is already in place. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 370k from day trading with Leasie Aiken in few weeks, this is one of the best medium to backup your assets incase it goes bearish.

[@Jeffswiger36]

She's mostly on Telegrams, using the user name

[@Jeffswiger36]

LeasieAiken

[@Krunch2020]

Trolls

[@garywellings2281]

fucking ads

[@igavinwood]

I've been interested in the regional energy pricing initiative since I heard of it. For me it was an instant bottom line boost for all the hospitals, schools, and every other public sector building. Even the MOD would benefit. The fact that we still have a system that actually forces prices to rise and national suppliers cut the production, while energy from international suppliers are used and paid for at the higher price, isn't just stupid, it's shameful.

[@hughmarcus1]

It’s such a pity that octopus aren’t in Northern Ireland. I live in the Antrim hills & we have a similar density of wind energy as Scotland. However a lot of it is shut down at the weekend due to a stubborn & outdated grid owner. There’s actually 3000 farmers here who have planning permission for a single turbine on their farms but only 1000 ever got a grid connection. We really need a disruptor like Octopus to shake the whole thing up. Ironically Octopus makes its heat pumps in Belfast.

[@kellyeye7224]

Get back to me when electricity actually DOES come down in price. It's only been a month since they went up - AGAIN.

[@sowireless]

Thanks!

[@JustHaveaThink]

Thanks for your support. Much appreciated :-)

[@liztaiNCAD]

Ye are always interesting and informative - but in my opinion, this week's episode was outstanding - particularly superb in terms of positivity and ''can do' thinking". Hope others will take the example, and spread this progress worldwide.

[@tentimes4]

I personally like that while Octopus invested in their own heat pump, they understood that they didn't have the technical maturity to make their product viable in a meaningful timeframe, so they diversified and made a very smart investment in Kensa Group. That's smart.

[@andybury7639]

I’ve been an Octopus customer for 3 years. I’ve got the lot, solar, home battery, heat pump, EV, Electroverse card, Intelligent Octopus Go tariff and a Smart meter that has hardly worked in the last 12 months. Unfortunately the one thing I can’t touch, the one thing I am totally reliant on Octopus to fix is broken and Octopus don’t seem capable of fixing it. Great ideas but they also need to get the basics right or time of use tariffs just won’t work.

[@unclepete100]

Hmmm, that’s a bit off….

[@lettersquash]

You mean the smart meter doesn't work? That can simply be the signal to the station is too weak, depending on distance. It's affecting loads of smart meters across the country.

[@andybury7639]

@lettersquash The smart meter did work for a couple of years, then stopped nearly 12 months ago. Octopus have changed the meter and comms hub but can't get it talking to the DCC. Nothing has changed at our end. If signal strength is a problem it's not changed at our end.

[@unclepete100]

@@andybury7639 have the Octopus team been in touch with you? Are they communicating with you, the customer?

[@JimWilks]

@@andybury7639 It sounds like It isn't the smart meter that's not working, but the display in your house. ( You can't run an Octopus Go tariff without it). Like you we have the full house of electrical options. and like you are on Octopus. Our display unit is also f***ed - although to be fair to Octopus it was even before we moved our contract to them. I tend to use my Solar system, provider's app (Sunsync) to monitor what's going on.

[@ttystikkrocks1042]

I went looking for Octopus in the US just the other day and so this episode is timely indeed!

[@pedromanafaia]

Yes. Everything works brilliantly. Electroverse also works really well abroad, just used mine in Portugal.

[@mohammedhedicherif2344]

A lot of very smart ideas. Refreshing to see. Like always the government bureaucracy and vested interests are the road blocks

[@mere_cat]

Decentralized is fine. Commodified and deregulated is not.

[@jackson8085]

Why would we want expensive energy? Commoditized cheap solar panels and related equipment would bring about decentralization.

[@MikhaelHausgeist]

Deregulated mean less expance for You to obtain energy, because it's provider pay less to meet this regulations, inspections and etc. If business wish to be more than fast pased one time scam than it not interrested in fooling You and because it need stable and prefferably growing client base it will work to be at least good enough for You, because otherwise You go to thier competitors. And precisely there in play enter commodification, because now You actually got a choice and can vote with Your wallet. Can You if energy generation monopolized by government? No. Is it good thou? No. And I have enough examples. I found that many in Europe, including UK, and USA somehow got sickness called "socialism"... It just don't work. There no any good wizard which solve Your problem for free and least of all it do governmental authority. My country lost because of this sickness millions of people dead and traumatized rest of us. Just don't. Only "social" we need it is exactly by interpreneurs like in this video and people which support them. Any authority just destroying those ties. Be wise.

[@mere_cat]

@@jackson8085 Not talking about solar panels. I am concerned that commoditization of kWh creates perverse incentives that drive up the marginal costs of energy during peak. You can’t store electricity the same way you store grain. You have to transform it to another form of energy first. So someone somewhere has to have a responsibility for maintaining grid reliability for the few hours of the year with the highest demand. Higher prices don’t always do the trick, because generators aren’t guaranteed a return on their investment if they never run the generator. Traditional utilities solved this by rate basing capital investment with a regulatory apparatus to make sure they are properly planning and aren’t gouging customers. CA and TX experimentation with deregulation has been mixed with a lot of costs being passed on to consumers with lower reliability. Maybe there is a path forward that can maintain reliable electric service and ensure consumers aren’t gouge while still being decentralized, but I haven’t seen it yet. Personally, I believe public and cooperative power must play a role in securing electricity as a service and basic human right rather than electricity being commodified and sold to the highest bidder.

[@Adrian_kal]

⁠regulated means safe to use and cheap. Deregulated means monopoly. This company builds trust right now and is cheap. When they get to monopoly phase they will milk every penny out of its customers pockets they can. Either they should have competition or be heavily regulated by then.

[@MikhaelHausgeist]

@Adrian_kal disagree, because I live in country in which it used for forced businesses takeover and actual racketeering of it. Current system provoke negative selection to governmental institutions. Only real regulation are needed is arbitration to prevent uncompetitive actions, but in reality biggest businesses anyway put thier cronies everywhere or make some. Law mast be one for anyone. As long as it true than most regulations are useless. Customer must think for what he/she actually pay money. This is why it is dumb when russians start to post videos where they use Ipads as kitchen board "in a protest" to Apple - they already pay for it so what they doing with Ipad and etc. just mean nothing. And if You not pay to some company via buying thier stuff - it is only and most powerful regulation. As long as customer use critical thinking - any regulation useless. I understand that on practice it amputated by educational system and popular culture, but it is also a problem. Regulations are just a way You give up Your responsibility on government and in many cases it not interested in Your or other citizen standards of living even if on paper must be so. Any system can be abused. And allways it abused from inside.

[@MegaSnail1]

So brilliant and unfortunately hamstrung by the bureaucracy of entrenched power brokers. All the best to you and your efforts.

[@leegoodman297]

The only energy boss who agreed to be questioned by Martin Lewis live, top man!

[@rogerstarkey5390]

Imagine if we had an "Energy Task Force" headed by those 2 with REAL power to demand change?

[@alanhat5252]

I'm surprised Dale Vince (Ecotricity) wasn't included, he likes a bit of media attention

[@johnmosheim]

Thanks for your important work

[@rugbygirlsdadg]

I was working in the IT department of one of the behemoths when smart meters were being rolled out. Quite a few of us thought "Hey, with some clever software and appropriate half-hourly import and export tariffs, you could add a household battery and turn domestic households into energy trading hubs".... He actually did it!

[@justgivemethetruth]

I've never really understood how that, or the plan of having people's cars being made available to suck energy out of can really benefit people - it seems more like a means of control. Can you imagine being able to cut off power to whole sections of people you don't like or who are causing problems ( well, that one might be useful in some cases - but it is a political move, not a economic one )

[@miguel5785]

@@justgivemethetruth you're imagining things that are irrelevant, the state already has the physical ability to cut you off or force you to do anything, but it doesn't because of the rule of law.

[@willkinmont611]

Even better if you could have a smart meter with an integrated wallet capable of executing contracts.

[@johnmurphy4814]

​@@willkinmont611Smart meters aren't there to improve supplies, they're there so you can be cut off when it's decided you're using more than approved by the government.

[@willkinmont611]

@ I’m assuming you got your electrical engineering degree from facebook? Idiot.

[@stephengreen8986]

The diagram / animation at 12:00 is such a quick powerful argument. The National Grid numbers on "I am Kate" explain and plot the role of different providers.

[@zlozlozlo]

Naming your software "Kraken" is a stroke of genius. You get to go "Release the Kraken!" before every release.

[@williamarmstrong7199]

Brilliant to the point and a lot of working in there to edit that down to a concise short video.

[@admir_]

Thanks for bringing some positive news!

[@Humanity101-zp4sq]

What a joker!

[@tomstruct]

Well done on growing the channel Dave nice job 🎉

[@wotireckon]

We're so lucky to have Greg Jackson. Let's hope the Labour govt (Ed Miliband I'm looking at you) builds on its energy pledges and seriously reforms the electricity market and grid connection fiasco - otherwise the whole thing is going nowhere. I'm sure Greg will keep the pressure on, but we need action, FAST!

[@antonyjh1234]

Electricity is around 20% of the modern worlds energy use, a 100% renewable electricity grid is only 20% of the problem fixed, this is a show to make you think overall progress is being made

[@jonmoore176]

@@antonyjh1234 this is true which is why building a bigger grid and switching more use to via electricity is critical (eg EVs, heat pumps etc). Some sectors face big challenges such as aviation, shipping and some industries though. These can't always use electricity directly and alternatives like hydrogen or SAF etc are still problematic.

[@antonyjh1234]

@@jonmoore176 I get the idea, in a simple world great but the energy and emissions need to be cut now. You are not understanding the mechanics of oil, we get 6000 products from a single barrel, it's refined by heat, off comes gas first, petrol, diesel and all the other 5997 products, last is asphalt. If you want item number 3178 you will get all the others too, of you want asphalt for cars to drive on, you need oil.

[@12theotherandrew]

Action preferably today! NOW!

[@GruffSillyGoat]

@@antonyjh1234 - and yet many in the oil dependant industries are actively working on alternatives to fossil-fuel sources, as they are aware the world is moving away from it and there is oppurtunity to be had in producing alternative sourced products; particularly as fossil-fuels are a finite resource. Asphalt being one example with the industry moving to repair, replace, recycle basis using bio binders rather than oil based feed stocks.

[@jasonneugebauer5310]

I have to say the "Fan Club" is absolutely ingenious.

[@jasonneugebauer5310]

Using the bespoke EV charge schedule to optimize the grid is absolutely ingenious and likely saves a tremendous amount of load balancing.

[@colinmacdonald5732]

And all we have to do is completely remodel the local electrical grid. And hope that people can afford cars that have sufficient battery capacity. And we don't run out of minerals while this is happening. But perhaps we should get this system in place before abolishing the old school system .

[@jasonneugebauer5310]

@colinmacdonald5732 they are doing this grid balancing through car charging timing right now to more efficiently balance the grid. No infrastructure needed so far. This just saves money and havingto fire up more gas turbines. If the EVs are on the grid, is it not a good idea to charge the vehicles at the optimal time most convenient to the grid operator to save money and reduce peak demand???

[@cvdavis]

Great topic and video. Keep up the great work.

[@Kevin_Street]

EDIT: re-posted because KZbin deleted my first comment for some reason. This is a really interesting video! I'd genuinely like to learn more about how Kraken makes the introduction of renewable energy generation to the grid easier or more likely. The impression I get from your video is that Octopus Energy, thanks to Kraken, has been steadily eating away the market share of Britain's older energy companies. And they do that by optimization of the grid, which somehow leads to lower electricity prices for the consumer. In Alberta where I live, we've had privatized electricity and natural gas since the 1990's, so it sounds like our market is similar to Britain's in that respect. We can choose different suppliers, but they all charge the same prices. And we've had steadily rising prices for electricity over the last thirty years, with absolutely no discounts. Supposedly the provincial government wants 30% of electricity to come from renewables by 2030, but you can tell their heart isn't in it. Right now about 40% of our electricity comes from natural gas and 40% from coal, and all they really want to do is replace most of the coal with gas. Maybe some of coal's old share of the market would be replaced by solar or wind, but natural gas would still be king here well into the 2050's. It would be freaking incredible if some electricity company could arm themselves with Kraken and change that. We need the same kind of change and grid optimization that Britain is doing, along with the introduction of more renewable sources of energy. It would give the government a collective case of heartburn to see their carefully planned cartel upset by a private operator!

[@antonyjh1234]

It's the same with Uk, of the carbon intensity gas is currently 82% of generation. Solar and wind haven't cracked 10% of electricity since Friday and electricity is 16% of total energy, so renewables in this case are less than 1% of total energy from them. There is nothing being achieved here overall and nothing achievable will happen with renewables before societal change from the lack of oil happens. “We show in the paper that the amount of copper needed is essentially impossible for mining companies to produce.” "The researchers examined 120 years of global data from copper production dating back to 1900. They then modelled how much copper is likely to be produced for the rest of the century and how much copper the US electricity infrastructure and fleet of cars would need to upgrade to renewable energy. The study found that renewable energy’s copper needs would outstrip what copper mines can produce at the current rate. Between 2018 and 2050, the world will need to mine 115% more copper than has been mined in all of human history up until 2018 just to meet current copper needs without considering the green energy transition. To meet the copper needs of electrifying the global vehicle fleet, as many as six new large copper mines must be brought online annually over the next several decades. About 40% of the production from new mines will be required for EV-related grid upgrades."

[@anyuone]

I don’t know the details but if you have a look at what Octopus are doing in Texas, it might give you some idea & some hope…

[@alanhat5252]

​@@antonyjh1234I don't know why you're looking at copper, most high-power wiring is aluminium & overhead lines are aluminium over steel & have been for many decades. (Also, most copper supply is recycled material not mined).

[@gregmorgan8350]

Excellent watch, well done

[@charlesbarnett2724]

I'm with Octopus Energy, for what it's worth. They're certainly pretty competitive in their pricing givern the system they function within . But I think its Greg's bigger ideas that could drive real intelligent change.

[@brianhoffman7998]

Hi Dave, big fan of the channel. It has surprised me though that you have not done a segment on bike and e-bike mobility. Massive gains are possible if citizens whose lifestyles permit, transition from cars to bikes for daily transport. If this concept interests you, our team of experts and advocates would be happy to advise! Thank you for all of the amazing content!

[@ksairman]

That is amazing, well done. I had no idea that integrated software existed in the generation and utilization of electricity!

[@alanhat5252]

it's amazing what the dumb sheep don't get told 😢

[@LibertyStrength76]

Thank you for your insight and this new opportunity to learn about these renewable power grids and the efficiency of them with lower costs!💜🙏🏼🙏🏼🙏🏼♥️

[@binmanblog]

Make this guy energy minister

[@antonyjh1234]

As electricity is 15.68% of total Uk energy and octopus is just a percentage of electricity and won't be disrupting energy at all but increasing demand for electric goods I saw this as a paid advertisement and don't think that wise.

[@Lewis_Standing]

Electrification of transport, domestic heat and industrial heat is going to change that ​@@antonyjh1234

[@amorfo9127]

​@@antonyjh1234yeap...probably most of the coments on the line "Oh Greg is such a genius" are just bots paid by this scammer who can't even fool my drunk uncle...he haven't had any revolutionary idea, the whole sell-speech was "AI, machine learning, Greg is Einstein" ffs please save your bu11sh1t...I'll stop to follow this dumb channel

[@Payteer]

@@antonyjh1234 Which is a good thing, as electricity generation in the UK has become one of the lower CO₂ emitters compared to other energy-generating sectors. More of this please.

[@henrymaddocks984]

Great ad for Kraken and Octopus. I hope you get paid well. As any retailer that hasn't been sucked into the SAP black hole will tell you, it doesn't do anything that a myriad of other utility systems don't do. Jackson just happens to be a better sales man than most and more importantly knows the right people.

[@colinmacdonald5732]

He needs to get that Dale Vince bloke on. A top bloke and richly deserves his hundred million, earned off our power bills and state subsidies. I reckon he's good for at least 50K. JHAT is worth every penny!

[@Ernescme]

" If you found this video useful and informative.." - I did, but also a bit to suspiciously positive and lacking a bit of scrutiny.

[@danilooliveira6580]

Yeah, I'm not putting my hope for our energy transition in a millionaire. They are responsible for it happening so slowly to begin with.

[@incognitotorpedo42]

@@danilooliveira6580 So every human with over a million is equivalently evil, and technology has nothing to do with it? Sorry, not buying that.

[@chasl3645]

​​@@danilooliveira6580😂 Really. Send him to America. We like millionaires and billionaires who can do things..

[@BALANCEDPORTFOLIO]

You are obviously not an Octopus customer

[@chasl3645]

@@BALANCEDPORTFOLIO So what's that supposed to mean.

[@kenhenry55]

this 'Think' is so valuable. We've has a lot of back and forth with our NV Energy about the whys and wherefores of their decisions. This will allow us to ask about and research where they are in reference to Kraken and in comparison to Octopus. Thanks you for this valuable research and sharing!

[@robfee2065]

Great as always Octopus has brilliant smart solutions.

[@soraiya2065]

2 weeks ago, a friend of mine recommended Octopus energy here in Spain and after seeing this video, i'm definitely going to make the switch.

[@AaronNGray]

Ooh, this is more than genius, more than brilliant ! Encouraging local usage of energy aligns the usage with the minimum electrical resistance path; hence reducing wasting electricity through transmission loss. And 'fan clubs' thats just cool as anything again energy minimization through localization at work, and must be creating enthusiasm amongst consumers for going green. All this is based on the observed emergent physical properties from modeling the system at hand. Yep more than genius. One of the better applications of AI, ChatGPT could not even give me a complete list of tunes Quincy had written, let alone in time order.

[@daveh6356]

Very interesting piece Dave. I love the way you think a Labour Government will introduce the deregulation required to reform the energy sector. Here in New Zealand we've just emerged from the darkness you're about to endure, one of the first major action points our new conservative government introduced were the Fast-Track bills to cut away the consenting process which bogged us down so this may take a little longer than you think. FYI - we have a grid management system which is way overspecc'd for our market (designed to sell to international larger scale grids) which handles regional pricing so may be worth a look.

[@Paul_]

Love this man and don't begrudge him his millions £££. I like Greg Jackson too... 😉

[@warrenwood3212]

This guy sounds fantastic I do have a problem with cars, any car. They are such a wasteful thing,1.5 ton of materials, for something that at very most has two people in it, is parked in a space of some sort at least 60% of its time. They should be unbelievably expensive to buy and run no matter how they are powered. Public transport needs the money not metal rubber and glass for a few people a few hours a day.

[@malcnewton]

Bring it on Greg! It's hard to get worked up about an energy company but Octopus are the best I've dealt with in fifty years. They do occasionally get stuff wrong but it gets fixed. I get cheap electicity to charge my car and house battery overnight, great export rates for my solar panels, discount on away from home charging via Elecroverse and suspect I will go for the Octopus heat pump solution in the next year. In fact I sell excess from my panels and effectively buy it back cheaper overnight. Using the grid as a battery. Regarding the present method of national bidding and pricing, if we had regional pricing and affordable energy then maybe we wouldnt need winter fuel allowances which, whilst it was paid to pensioners, was effectively going straight to the energy companies. Just a thought. Finally, on the subject of the videos, I find some of the pulsing light coloured graphics a bit hard on the eye. Keep up the good work

[@Humanity101-zp4sq]

Meanwhile the poorest have to pay the highest tariffs, upfront for all their electricity, only able to 'top up' at the local shop (if its open). Additionally living in rented homes without insulation, batteries or EVs. What a wonderfully caring society..

[@Vile_Entity_3545]

Cheap electric? It was cheap 3 years ago and it has nearly tripled since then. You’re a very funny person.

[@antonyjh1234]

Electricity, not energy, 15.68% of energy is electricity and plastic for the ev comes from the same barrel diesel does, they are refined off at the same time, so more ev's means more diesel as waste, do you think they store this diesel or sell it? Not sure what percentage of overall electricity octopus are but even if they took it all it would only be 16% of energy, with all the added energy that would still be produced none of this is about reducing consumption Nothing of this was anything but a paid advert for more overall consumption, I think the channel should be ashamed of what they are trying to do here. While every bit of renewable you have been able to afford it has not lowered consumption, something that is supposed to halve in the next five years, this is more trade dressed up as efficiency. I personally think we will be back to horses sooner than even a quarter of current vehicles being ev's, but again all that plastic, has an amount of diesel, petrol, propane.

[@Humanity101-zp4sq]

@@Vile_Entity_3545 On occasion EV users get paid to take electricity from the grid at night! The rich and profligate are being rewarded for using excess electricity, by attracting cheaper tariffs for their internet controlled devices and EVs. Meanwhile the poorest can't afford to charge their electricity keys upfront at the (local) shop, even if its open, and live in the least insulated houses. The system is totally iniquitous!

[@GruffSillyGoat]

@@antonyjh1234 - and yet EV automakers are aware of the plastic dependencies, increasing the amount of recycled plastics used in their cars to reduce oil dependency. Then there is the plastic industry itself moving to alternative resource stock sources, which are ramping up. So whilst at this point there is a dependency chain on fossil-fuels this is not going to be always the case. One cannot switch overnight from a resource that has been exploited for decaded but it is happening. Your choice is either to be part of this journey or sit in the dark moaning about it without aiding any solution.

[@thedabbler2753]

“Outstanding service at fair prices”

[@biovmr]

I don't know the workings of either Kraken, or Tesla's Autobidder, but they seem to be solving similar things (or at least aspects of the same problems). Curious to know in what ways they overlap, and how they differ.

[@elephantintheroom5678]

Very interesting video Dave !

[@stephenkrus]

Dude is a Genius! 👑✨👍

[@tilapiadave3234]

Genius salesman

[@neildolan7177]

My understanding of the system in operation in the UK is that it is designed to ensure that despatchable power is maintained until the renewable grid has been stabilised. When this gets removed there needs to penalties for not supplying sufficient electricity.

[@Rene-uz3eb]

On the surface that energy auction looks a bit handicapped. Why are they paying the price of the most expensive energy to everyone? Completely unnecessary distribution of wealth to the providers, while hamstringing the transition because electricity is too expensive. Sounds like the carbon trading boondoggle, make something good (cap) a lot worse (trade). It's almost literally the same as price fixing. People just don't see when they are being fleeced by the collective of businesses, do they, globally. Or call it corruption hidden behind basic math. The decentralization of the auction penalizes the energy hogs by region, which is the right idea, but still a bit of a broad brush. Also it favors the producers again, because in a smaller area, you have fewer bids so higher likelihood of a high cost bid that then everyone gets paid. AI just take over already.

[@lolmaker777]

Why are they paying the price of the most expensive energy to everyone? Because this way they are incentivized to get their price as low as possible to be part of the group that gets to sell anything. So the price will be as low as it can possibly be. If you pay them what they are asking, the cheaper operators are now incentivized get their price to just below the cut of. So best case you end up in the same place we are now.

[@dbas2]

I know cars have bigger batteries and hence the focus on their use in balancing the grid. However, we don’t have a BEV yet but we do have a home battery but I can’t use it in this process. Why? We charge it 8-12kwhrs per day which is more than my son’s BEV uses each week! I pay more for my electricity than my son does! And yes I am an Octopus customer.

[@robinbennett5994]

That doesn't sound right. A typical electric car goes about 4 miles per kWh, so 10kWh would convert to about 40 miles per week, or only about 6 miles a day, or 2000 miles a year. That's about a quarter of the UK national average or 20 miles a day. If your son drove the average amount, he'd need about 5kWh per day, so he'd still be using about half as much as a typical house.

[@dbas2]

@ Badly worded. Sorry. I meant that my weekly total is more than my son’s weekly total.

[@Simply1ism]

Now informed about their heat pumps. Thanks for vid

[@Lewis_Standing]

High temperature heat pumps maybe easier to install, but they lead to much higher bills than low temperature ones. Instead of 400% efficient it's more3like 300%. Where the cost3of gas electricity means you need them3to hit 350% to break even.

[@Payteer]

@@Lewis_Standing, he said the difference was the 10% added cost to operate them; you're talking about a 25% difference.

[@EngineerLewis]

Fabulous interview with Greg Jackson .. I am an Octopus customer with PV panels and a battery. I now think Octopus Heat Pumps are my next step. I can't afford an EV even if I thought that was also the way to go but I drive old cars!👍

[@BALANCEDPORTFOLIO]

same here but I have a Tesla and a home charger and the integration between Octopus and Teslas is brilliant

[@229andymon]

“Scotland will be the cheapest in Europe” - Octopus Energy. “Not having that!” - Westminster.

[@12theotherandrew]

OMG you are so, SO right. My fellow Scots need to get their act together!

[@colinmacdonald5732]

It's time we declared our energy independence. Cheapest energy in Europe though not necessarily when you need it. Maybe buy a generator before they sell out.

[@naomilim2378]

Labour needs to talk this man!

[@alejandroarriagada3991]

This man is smart and knows how to work....they won't call him.

[@motorheadmaximus]

Making money with good principles, good job octopus

[@Humanity101-zp4sq]

'Good priciples'. Are you alright?

[@motorheadmaximus]

@Humanity101-zp4sq moving away from fossil fuels isn't a good principle ? Are you alright ?

[@Humanity101-zp4sq]

@@motorheadmaximus Not if it leads to impoverishment of the most vulnerable, no. Fossil fuels are simply short term stores of earthly carbon. Liberating them back to the atmosphere and the environment in general is cyclical. The problem is not resource use, its resource exploitation and profligacy.

[@davidantill6949]

Great Video I'm going to research further into that Octopus 70°C Heatpump that I wasn't previously aware of.

[@pauls3075]

Thank God we have such diverse individuals in the UK building innovative world changing technology. Diversity is our strength...

[@sergiotarsiero]

Here in Italy octopus Is arrived, and Is definitely cheaper then competitors, with finally clear bills. It's a breath of fresh air (infact i am a very satisfied customer).

[@MalcolmRose-l3b]

It's been in Spain for a few months - here the state regulations for selling renewable energy back to the Grid that were intended to be the minimum acceptable within the EU have become the standard. It was impossible to find a company that behaved decently to it's customers - I now get credited for all electricity my solar panels feed back into the Grid. And, if I expand my system (which was a stupid idea, financially, before) I get a more generous rate for electricity fed back in.

[@harveytheparaglidingchaser7039]

That was so interesting. The current pricing policy is ridiculous

[@Humanity101-zp4sq]

So is this! People who use more electricity than necessary should pay higher tariffs for the extra, not lower prices. I was under the impression that the goal was to REDUCE consumption, this system encourages profligacy and increases the disparity between rich and poor.

[@harveytheparaglidingchaser7039]

@Humanity101-zp4sq lower prices for Scotland and Wales where incomes are lower

[@Humanity101-zp4sq]

@@harveytheparaglidingchaser7039 So subsidised electricity for Balmoral and other Scottish estates? The ignorance displayd in these comments is astounding!

[@LoanwordEggcorn]

Love it! Nice work lads and ladies!

[@Tomm9y]

Can this guy re-write legislation and design efficient public services? The Post Office Inquiry has been revealing the decades horrendous behaviours, but even worse things are going on in other public service fiefdoms. A civil service/agencies/NHS/planning revolution is needed. The National Audit Office, Parliament are useless as people like the Post Office executives lie to Parliamentary Committees and to direct questions from Peers and MPs. We need legislation which serves society not the egos of the judiciary, not the fee structures of lawyers, civil service agendas.

[@ianmanchester5339]

im a long term octopus customer, although slightly cheaper than the market average, its not significant 😢 All the latest wind power contracts being signed by the government are significantly higher than gas 😮 explain!!

[@jbiasutti]

Just like all tech companies these have great products when they are building market share. This is true of facebook, google, ebay, amazon etc. Once they have the market share the next phase kicks in which is squeezing the customers for every single penny. This is what private or even public (shares) ownership does. The only solution is government ownership of a small part of the market to set the base price.

[@Payteer]

The regulator does that, it's not a free for all.

[@LyleAshbaugh]

Then the government squeezes the taxpayer for every penny it can get

[@Umski]

One of the few tech companies I’d quite like to work for 👍

[@metalhead2550]

2:20 Kraken isn't an operating system... delivery platform yes, operating system no. "An operating system is system software that manages computer hardware and software resources, and provides common services for computer programs" - Wikipedia.

[@patrick247two]

This is the most positive news I've heard for a long time.

[@knalltutemichl3473]

Using Octopus Energy in Germany since 2022 💪👋

[@hawklord100]

A simple way of rolling out heat pumps is not to sell them to private homes one by one, but to do a deal with a council to convert all their housing stock, a housing association to convert their housing stock, millions of homes enrolled into heat pump technology in a couple of years, much better than trying to wait for a private home owner to be convinced and ring you up.

[@MalcolmRose-l3b]

Or just make them mandatory for new builds...

[@YodaWhat]

My energy supplier in North Carolina is Duke power and they've been adding lots and lots of photovoltaic power capacity, but they don't have _time of day pricing_ for their residential customers! How are we supposed to _make hay when the sun shines_ if they won't give us time of use pricing, or the PV equivalent of the "fan club" in Kraken/Octopus? And we SHOULD be adding lots and lots of wind power because we have tremendously good winds along the North Carolina coast. That's why the Wright Brothers did their testing there. But no, we don't have that either. BOTH problems are INFURIATING!

[@rogerstarkey5390]

The trouble is, you need a strong politician (Preferably several) telling them they WILL provide the pricing model "For the good of the population". The 4 year Election Cycle and the "lobby" system makes that "less likely"

[@alanhat5252]

​@@rogerstarkey5390...and people's propensity to vote for the worst candidate available 😢

[@anonperson3972]

I am a bit obsessed with the idea of an energy based currency. It's not one of the smaller solutions mentioned in this, but would be a systemic paradigm change which would encourage and accelerate the adoption and creation of new technologies and systems whilst stabilising the economy and enabling the global south to develop more rapidly

[@Yanquetino]

I bet Greg would agree that the only thing holding us back… is monopolistic, mammon-grubbing greed.

[@Myrslokstok]

Yeah I am shocked! 😂 You just know they will tax and regulate away any oportunity!

[@blackbaron0]

So it's good then we can have people coming in and disrupting things, like Greg Jackson

[@HoboGardenerBen]

The set of incentives within the economic structure we have lead inevitably to expansion and concentrating power in a hierarchy. Concentrated power attracts the greediest, most narcissistic people in the population and rewards lies. Voting is a popularity contest based on convincing people, not providing actual evidence of competency and morals. Some sort of real competition, a leader obstacle course that proves competency wouldn't be too hard, but proving ethics is hard. Brain scans during some long complicated stressful situation? Gotta be moral puzzles, teaching techniques in old zen poems, to put people in the right state of mind for the scan. I don't know, we're a long way from brain mastery.

[@alanhat5252]

​@@HoboGardenerBenso you need to refine your voting practices (perhaps attend, film & comment on hustings?)

[@HoboGardenerBen]

@@alanhat5252 Why would I do that? My comment is about how human nature makes voting on a large scale total bullshit at the core. Why would I waste my time and energy on a system I see as deeply, irrevocably flawed? My whole point was it is an absurdity and we should try to fundamentally redesign it, but that can't happen within the flawed voting system, we need a completely different approach.

[@DezFutak]

Brilliant video Dave!

[@jamesbecker-wt7jy]

120 years ago, in the city of Seattle, the sewer system was built below the level of high tide. As a result, toilets would not work well at high tide, but at low tide they worked well. Parents taught their children to relieve themselves based on the phase of the moon to make everything work better. Eventually, the sewer system and downtown was redesigned so that the sewer would work any time of day, and people could use the toilet whenever they liked. Their is a lesson in there somewhere for what this guy is trying to do.

[@miguel5785]

Nice story! I thought it was going to end with "...and to this day, people in Seattle still relieve themselves based on the phase of the moon".

[@tonyr4873]

@@miguel5785 Yeah, both are full of shite.

[@rogerstarkey5390]

So.... In Seattle, "A rising tide lifts all SHITS"? (Sorry)

[@ariadgaia5932]

"See a need? Fill a need!" 😍🥰

[@simonedellabella3092]

Octopus is also in Italy!!!! I am with them and it's great!

[@davidebacchi9030]

But are expensive as hell, at least if compared with “tutele graduali”. For a 3500 kWh/years the tutele is 600€/year and octopus is over 800

[@glyngreen538]

We’re with Octopus energy. Interesting video though - I didn’t know most of this

[@zeejimi4044]

I live in continental Europe and in my country the government subsidises the changeover from oil or gas to a heat pump with up to €16000. I got a quote for a heat pump including the installation, electrical work etc for a grand total of €47000. That would have left me with a bill for €31000. So of course I decided not to go ahead with the changeover because it simply doesn‘t make economical sense. On youtube, a similar case is documented; an elderly couple went ahead with a changeover from oil to a heat pump. The total costs were €55000 and they have the prospect of saving around €700 per year in comparison to the cost of burning oil. The amorisation time is therefore several decades, before which the heat pump will need to be replaced several times over. There was an initial boom in the sales of heat pumps when the governments of continental Europe introduced the subsidies, but now the market has declined by about 60%, and indeed there are now more oil and gas systems being installed than heat pumps..🤷🏼‍♂️

[@incognitotorpedo42]

Wow, you guys are getting ripped off on heat pump installation! In the US, you can get one installed for the equivalent of €16000. Sounds like maybe you're quoting worst case scenarios that some gas company has publicized?

[@zeejimi4044]

@ No, as I wrote in my post, the first case was of my own personal experience. The second one was a case in Germany : it was recorded by German TV, and the documentary showed the discussion between the elderly couple and the installer. It was a genuine case story, and I have my own personal experience to back it up.

[@victormiranda9163]

@@incognitotorpedo42 scams are not always done by con men. Corporations can do it too.

[@PhilipX2030]

What country are you in? Your utility needs a new supplier - or you source one independently. **Did you know an air conditioning unit can be turned into a heat pump?

[@zeejimi4044]

@ Indeed the concept of using an air conditioning unit not only to cool my home in the summer, but also to heat it in the winter is what I intend to do instead of buying an air/water (and horrendously expensive) heat pump. The installers however are using mafia tactics to charge high prices for such units : they offer eg an „all inclusive“ price (air conditioner + installation) of €5000 for an air conditioner that costs €2000, and it is illegal to install it on a DIY basis. I intend to buy a split air conditioner (which is in fact an air-air heat pump) in Italy for ca €1200 and then to ask a local plumber to install it for me. In Austria you must be a qualified „Kältetechniker“ = Climate Technician in order to be allowed to install air conditioners, and these people take advantage of this situation so that they can charge extortionate prices..🤮

[@evgenysavelev837]

Erm. I am skeptical. I work in the field of AI and data analysis. Most of the time, excitement and hype are unsustainable things. If there is no business case, if no I e is making money,the project dies a slow or quick death. No amount of AI can break the laws of physics or economics.

[@barriepotter3753]

What’s stopping an EV battery doubling as a home storage battery? I know it’s possible, but why isn’t being talked about more often?

[@jnawk83]

Manufacturers of EVs are dragging their feet.

[@robsengahay5614]

As I understand it the vehicle would require an inverter which adds to the production cost and the home would also require some modification to be able to utilise it. All of this comes at a cost and presently the benefits are considered to be too marginal for too few people to justify the outlay. The market is controlling this and until the market perceives a net benefit then we will not get progress.

[@stephenfanthorpe2708]

Every one wants their own licensed software they don’t want to cooperate with each other , all about profit.

[@stephenfanthorpe2708]

@ they have regenerative braking they must already use one to inject the power back to the battery

[@simonpritchard472]

@@stephenfanthorpe2708 Regen just uses the motor in reverse as a generator. Vehicle to grid is best implemented by taking DC straight from the vehicle battery and feeding it into something like a solar (PV) inverter to turn it into AC and match the phase to the grid. Can be done, requires the vehicle software to co-operate!

[@mikeharrington5593]

I guess the grid bureaucrats are apprehensive believing that Jackson wants to run when he has only just learned to start walking. He has a good sales pitch, but I can't help thinking he may be oversimplifying based upon best case scenarios. Hopefully he has got his risk management ducks all lined up & he will be able to deliver on his innovative ideas.

[@simk42]

A lot of very smart and hopeful people work there to help him.