COMPARE OCTOPUS ENERGY TARIFF
Octopus Energy tariffs help customers to switch to renewable energy with simple and creative Octopus tariffs that help make the future look brighter. As well as ‘traditional’ Octopus fixed and variable green energy tariffs Octopus offers customers Octopus smart tariffs that are groundbreaking in the energy market. Energy Supplier Of The Year 2021 and winner of the 2021 Renewable Energy Awards.👏 OCTOPUS ENERGY NOW OFFERS 12 MONTHS FIXED TARIFFS to meet your energy needs – 100% GREEN ↓
NEWS: Octopus Energy bounded up the Institute of Fiscal Studies Top 50 organisations list for great customer service in July 2021 and is now ahead of companies like M&S, Waitrose, and Halfords. (you won’t find another energy company in the top 50 list!!) 👏
There at lots of reasons why you may want to switch energy suppliers and take a new energy tariff to see you through to the end of 2022. Trying to get the cheapest energy deal is getting a lot harder.
If you have found this page and are interested in switching to Octopus Energy you may be in luck as I keep it up to date with all the latest energy prices, tariffs, and information that may help you to decide if and when to switch to a new energy tariff with Octopus Energy.
The good news is Octopus Energy is a fantastic energy company that is continuing to grow and is here to stay. 🎉
Before the start of this energy crisis, I believe around 50,000 new customers a month were making the switch to Octopus Energy. The old “Big 6” energy suppliers have dominated the market for so long it is quite refreshing to see a fairly new energy company like Octopus hot on their heels.
Is it worth switching to Octopus Energy?
I would suggest taking a deep breath before reviewing your energy deal. Sadly wholesale energy prices have increased by over 400% in the last year. 😭 If you are free to choose a new supplier now may be a good time to review your options. Remember auto-switching sites only compare the cheapest deals on offer not the stability of the company.
Is Octopus Energy the cheapest energy supplier? At the moment the price cap is the cheapest deal so it’s hard to compare but Octopus offer competitive tariffs and are still here offering great service to their customers.👏 Lots of energy companies have gone bust by offering cheap tariffs that they couldn’t deliver. We all need to know that our energy deal is going to be honoured. What’s the point of switching to a cheaper deal if that deal then vanishes when the supplier goes bust!
Why is Octopus Energy in such a good position compared to some other suppliers? Octopus Energy explains why in this enlightening post!
- In December ’21 Octopus signed a deal with one of the worlds largest pension funds worth an initial 300 million dollars!
- Octopus Energy is one of the best-run companies in the energy sector. On 4th November 2021, they announced licensing their unique Kraken platform to EDF Energy for their 5 million customers! They join EO, Good Energy, and obviously Octopus who already use the platform.👏💚🐙
- Al Gore’s Generation Management invested £437 million in Octopus Energy in September 2021!! This makes changing the world for the better a whole lot easier. 👏💚🌍
If you call and decide to switch to Octopus let them know you have been referred by Sarah-C. If you are asked for the unique link it’s Sarah-C.Octopus.Energy. You’ll get £50 credit on your first bill and I will get £50 credit too.👏💚🎉 – Thank you, Sarah.🤗
Which Octopus Energy tariffs are currently available to new customers?
At the moment Octopus Energy tariffs are slightly limited. You can get an Octopus 12 month fixed tariff and Octopus Super Green tariff. On an Octopus fixed tariff, your energy prices won’t rise and fall for the duration of your energy deal but you will pay more than the energy price cap.
Even though currently the Octopus fixed tariff is higher than the price cap in spring I can see the fixed tariffs storming back in as the go-to energy tariff. The energy price cap is due to rise by around 50% in April 2022 as it is based on energy prices between August and December 2021 and so things may well change and a fixed tariff could be a better option.
You can still get electricity considerably cheaper than the price cap if you consider an Octopus smart tariff. 👏
Octopus smart tariffs offer cheap electricity off-peak and are well worth considering if you have a smart meter. In many cases, the average price per kWh for electricity is below the energy price cap! 💃
Is now the right time to switch to a new Octopus Energy tariff?
This is a very personal decision and it is one Octopus Energy is taking very seriously. On the 7th of October, Octopus Energy stopped providing online quotes for new Octopus customers. 🤯 If you want a quote for a new gas or electricity tariff with Octopus Energy you now have to give them a call first. I haven’t seen any other energy providers doing this so some explanation may help as to why?! I also haven’t experienced an energy company that takes its commitment to its customers so seriously!
In April 2022 the energy price cap will increase by an estimated 50%. If your fixed deal is coming to and or if you are on a standard variable tariff that is protected by the price cap you may want to read my most recent blog post, should I stick or fix my tariff?
What are the tariff rates for Octopus Energy?
Does Octopus have a fixed tariff and is now the right time to switch?
Yes, Octopus still offers a fixed tariff. A fixed tariff is a good way to budget and secure an energy price for your gas and electricity. However, at the moment wholesale energy prices are so high it is very concerning. That’s why you have to telephone Octopus Energy to get a quote.
A quote for an Octopus Energy 12-month fixed dual tariff, which can cover both gas and electric has varied in price over the last few months.
Octopus Fixed tariff unit price per kWh.
- 21st January 2021 – 8.55p per kWh for a unit of gas and 34.63p per kWh for a unit of electricity.
- 15th December – 10.18p per kWh for a unit of gas and 37.08 per kWh for a unit of electricity.
- 9th December – 8.77p per kWh for a unit of gas and 33.65p per kWh for a unit of electricity.
- 2nd December – 8.11p per kWh for a unit gas and 31.23p per kWh for a unit of electricity.
If you don’t regularly look at your energy bill these prices may mean very little but just to put it into perspective a few months ago an Octopus fixed gas tariff would have been anywhere around 3p per kWh for gas.😭 Let’s hope prices begin to fall!
Octopus Energy 12 Months Fixed Tariff price. How much will you pay if you fix your energy price now?
On the 22nd January 2022, the current Octopus Energy fixed 12-month tariff is 34.63p per kWh for electricity and 8.55p per kWh for gas with a daily standing charge per day of 24.86p for electricity and 26.10p for gas. You can take either a dual fuel tariff (both gas and electric) or a stand-alone electric tariff. The price is the same.
|Energy cost.||Price per kWh|
|Electricity||34.63p per kWh.|
|Gas||8.55p per kWh|
|Electricity standing charge||24.86p per day.|
|Gas standing charge||26.10p per day.|
|12 Months fixed tariff.|
You can swap tariffs with no penalties even on the Octopus 12 month fixed tariff. Octopus will tell you on your bill if a cheaper Octopus tariff becomes available. You email back and they will swop you over. It’s really easy!! I’ve done it a couple of times and it takes the hassle out of looking for a cheaper tariff with Octopus Energy. 🙋♀️💃 👏
If you don’t have a gas supply or you want to get your gas elsewhere you can opt for an all-electric tariff. The price is exactly the same per kWh. ⭐️
How can I check the current Octopus Energy fixed tariff prices?
At the moment you can’t get a quote online BUT you can find the current Octopus tariffs here. Don’t click on “Get a Quote” just enter your postcode and a list of tariffs will be displayed.
As tariffs are updated they go to the top of the tariffs list. So they will be first on the list. If the tariff changes in price the version is updated eg v1, v2. As you can see below the Octopus 12 months fixed tariff for January 2021 and is version 1. You may need to scroll down past all the business tariffs.
If you have NO energy supplier as you are moving into your first home don’t despair. This all sounds complicated, it is all new to you I know but you can become an Octopus Energy customer you just need to give them a call.
Can I switch Octopus tariffs if I find a better deal?
Yes, the Octopus fixed-rate tariff is a 1-year fixed tariff BUT you can swap to a new Octopus tariff at any time. There’s no need for you to wait for the year to be up. So if prices drop in the summer you can switch to another fixed energy deal that is cheaper or even move over to the flexible (variable) tariff. It’s free to switch tariffs.
I have switched energy tariffs several times with Octopus and it is really easy to do, you simply email [email protected]
How long does it take to switch to a new energy tariff with Octopus Energy?
How does it work? Octopus can supply both electricity and gas. The switch is usually completed within 17 days and Octopus takes care of everything. (You will get £50 credited to your bill after you have paid the first direct debit using my link or quoting my referral details)
There’s no need to contact your current supplier Octopus will do that for you. You simply pick your Octopus Energy tariff, supply your meter readings and cancel your direct debit after your final bill has been settled. There are no exit fees if at any point you decide to switch to another provider.
Compare Octopus Energy 12 months fixed tariff to the energy price cap.
A dual fuel (electric and gas) fixed tariff comparison between any standard variable tariff and the Octopus Energy 12 month fixed tariff shows that it is cheaper to stay on the standard variable tariff at the moment. The Octopus 12 months fixed is 34.63p per kWh for electricity and 8.55p per kWh for gas with a daily standing charge of 24.86p per day for electricity and 26.2p per day for gas.
|Energy Price - Price Cap|
|Maximum price of electricity.||Maximum Price of gas.|
|21p per kWh.||4p per kwh|
The energy price cap is quite confusing. The current energy price cap is £1277. This is an approximate usage for a medium-size home using a combination of gas and electricity for your energy need. The price cap isn’t the most you will pay it is the price you would pay if you use 2900 kWh electricity and 12000 kWh gas. So if you use more energy the price would go up and if you use less energy the price would go down.⬆️⬇️⚡️
As an extremely rough guide, you should aim to keep your price per kWh to below 21p per kWh for electricity and 4p per kWh for gas to be roughly below the price cap. This price cap will change in April.
The April 2022 price cap is expected to rise by around 50% so you’d expect the energy price cap to be approximately 31.5p per kWh for electricity and 6p per kWh for gas.
Are energy prices still going up?
Yes, energy prices are still going up as wholesale energy prices are rising.
|Compare Octopus 12 months fixed tariff energy prices. 👀||Electricity unit rate per kWh.||Gas unit rate per kWh.|
|21/01/22||34.63p per kWh🔻||8.55p per kWh🔻|
|15/12/21||37.08p per kWh 🔺||10.18 per kWh 🔺|
|09/12/21||33.65p per kWh🔺||8.77p per kWh🔺|
|02/12/21||31.23p per kWh🔺||8.11p per kWh🔺|
|24/11/21||28.75p per kWh🔺||7.47p per kWh🔺|
|Daily standing charge Electricity.||24.86p per day||24.86p per day|
|Daily standing charge gas.||26.10p per day||26.10p per day.|
Here’s a graph showing the wholesale energy prices in the UK. The blue line is gas and green electricity. As you can see in mid-December wholesale energy prices rose sharply. This is concerning as prices were already considered high in November 2021.
You can read more about why energy prices are rising here.
Will energy prices fall in 2022?
No one can say if wholesale energy prices will fall but the energy price cap will rise in April 2022. Martin Lewis is predicting at least a 50% increase!!
A fixed energy tariff may be considerably cheaper than the standard variable if wholesale energy costs drop in the spring. This is when you defiantly grab a fixed deal with both hands!!!! It’s a no brainer as the price cap may well rise again in October 2022.
What is the Loyal Octopus Tariff?
The loyal Octopus tariff is exclusively available to customers who have been with Octopus for more than 8 months. There are no exit fees at it’s cheaper than the standard 12 months fixed tariff. On the 22nd January, it is 27.59p per kWh for electricity with a standing charge of 24.86p per day and 8.47p per kWh for gas with a standing charge of 26.1p per day.
If you switch to an Octopus tariff before the price cap rise in April you would be eligible for the loyal Octopus tariff during the winter of 2022. That may be something worth considering in the next few months! You would get a discounted rate before it gets cold again next winter but there’s no guarantee how long the loyal Octopus tariff will stick around. (This energy crisis is so crazy!)
Is Octopus Energy cheaper than British Gas?
At the moment I can’t compare British Gas and Octopus Energy as the price cap is the cheapest but I was a British Gas customer for years and will never go back. British Gas loves to confuse you with their tariffs and lock you in at any opportunity. We need clear transparent prices that don’t lock you in. You stay because you want to with Octopus Energy. That’s the way it should be with all companies! 🐙
Octopus offers clear pricing to allow customers to make informed decisions, that’s what we all need! No hocus pocus!
- British Gas seems to LOVE exit fees.
- The British Gas website is frustrating to navigate.
- I found my British Gas bills confusing to read.
Even before you switch to Britsh Gas getting a quote from British Gas is quite frustrating! They increase their overall tariff price by a few pence each day but the calculations and rates remain the same. How does how happen?!! I check their prices every morning so it’s easy to spot this. 🤷♀️
British Gas are keeping customer direct debit the same throughout the winter even though energy prices are skyrocketing. Have you wondered why? If you owe an energy provider money you can’t switch! So if energy prices drop in the spring of 2022 and you owe Britsh Gas money you can’t switch. Even if their tariffs aren’t as competitive as other suppliers you are stuck with them. That’s when they get their money back and more! (That’s my main concern and my own personal opinion)
To help Octopus Energy customers through the winter in contrast to British Gas, Octopus Energy is running a winter workout competition. There are 1 million pounds up for grabs. If customers can keep warm and also reduce their gas consumption by following simple ideas to reduce heat loss in the home they will win a share of the 1 million pound prize pot. There’s one main prize of £64,000 and a smaller weekly prize of £8,000 which is given every week over the course of 12 weeks. Then everyone who has met their energy reduction targets gets a share of that’s left credited on their account.
British Gas is one of the oldest energy companies in the UK and has over 5.3 million domestic electricity customers and 6.4 million domestic gas customers. Whilst Octopus Energy is only 5 years old and already has just over 3 million customers. There’s a reason why they are hot on British Gas’ tail!! Customers love the great service and value they provide!! I also love their work passion towards achieving NetZero.! 🌍👀💗)
Claim £50 credit switching to Octopus Energy.
Once you have chosen to switch to Octopus Energy as a new customer, you’ll be given £50 credit on your first bill and your own personal referral code to share with friends and family. For every person that switches with your code, you both get £50 credited towards your next bill. (I would be delighted if you use mine to get you started, thank you!) Use my Octopus Energy Referral link .🥳⟵ or let Octopus Energy know you have been referred by Sarah-C when switching over the phone.
When you land on the Octopus Energy website using my link you will see the £50 credit offer at the top of the screen. This just confirms it’s been recorded and will be credited once your first direct debit is paid.
Octopus Energy standard tariffs.
The Octopus Energy standard tariffs usually range from a 12 or 24 month fixed, to a flexible Octopus tariff or super green tariff that are all 100% green. (keep reading for the smart energy tariffs).
Octopus Energy fixed v Variable tariffs. The Flexible Octopus tariff explained. (simply)
The Octopus flexible tariff is the Octopus default tariff which is known as a standard variable tariff. The Octopus Flexible tariff rises and falls with wholesale energy prices BUT won’t go any higher than the energy price cap. I don’t really write about the Flexible tariff that much as my preference is for a fixed rate. If you are currently on the flexible tariff it is cheaper than any of the new fixed rates being offered by Octopus. This may change in the new year as wholesale prices drop and new fixed deals become available. The price cap increase in April will also have an impact.
My experience choosing the right Octopus Energy.🤷♀️
Shocked to read my energy bill.👀
Moving forward each month Octopus Energy tells me when I could pay less. Each time I receive my bill via email I also get an update if there is a cheaper Octopus Energy tariff I could be on. They highlight how much I could save on each new Octopus tariff. Even if you opt for a 24-month fixed tariff you can still switch to this cheaper deal. You just email back and they do it for you! I have done this a couple of times! I have never had a company tell me I could pay them less before AND there is no catch. No exit fees!! This is a complete winning formula for me! There is no need to keep checking if there are cheaper Octopus Energy tariffs available. They just tell you!
What are Octopus Energy smart tariffs?
Octopus Energy offers a range of different Octopus smart tariffs. The innovative tariffs help customers really take control of their energy consumption. This is where the tech base of Octopus makes it stand out from the crowd. The Octopus Energy tariffs are quite revolutionary but you will need a smart meter installed. All Octopus Energy tariffs for households can be taken out as dual fuel or electricity only plans, but gas only tariffs are not available.
Shift your energy use outside the 4-7 pm peak to save money.
The Octopus Energy Agile tariff allows you to use energy when consumption is low bringing down prices to a minimum, sometimes even free. Shift your energy use outside the 4-7 pm peak to save money and use cleaner, greener energy when there is less demand on the grid. Plus “plunge” pricing when wholesale prices go negative could even pay you to use energy!
This tariff also lets you take advantage of all your smart devices like Amazon Alexa so you can choose to use home appliances such as your washing machine and dishwasher when energy is cheapest. More importantly, you can use energy when there is less demand on the grid or there is an excess of energy making it far greener.
Is the Octopus Energy Agile tariff right for you?
No one can tell you if the Octopus Agile tariff is right for you. Every home has different energy usage patterns. Some households may find it tricky to shift energy usage away from peak times. You may simply have to prepare meals during these times. However, you may have a variety of appliances that you could use when there is less demand on the national grid to reduce your average price per kWh.
You can see Octopus Agile historical prices in my full Octopus Agile review.
You can read further about the benefit of off-peak energy on the Ofgem website.
Octopus Energy electric vehicle tariff – Octopus Go
Perfect for charging an electric vehicle at night.
I have my electric car on order. It should arrive in early 2022 and I will be charging it with Octopus GO. Octopus Go is an electricity tariff with a bonkers cheap 7.5p / kWh rate for four hours every night (between 12.30 and 4.30 am). It was designed with EV drivers in mind as charging can be done very cheaply whilst you are asleep. This can help keep fuel costs around 1.5p per mile.
Before opting for the Octopus GO tariff I would suggest you weigh up if you could save even more money by getting creative with the Octopus Agile tariff. This takes a little more creativity and organisation in the home but you could save money on your car charing as well as home appliances. You can always switch tariffs eg Agile in the spring, summer, and Autumn, and then Go in the winter when there is very little solar activity. It is really easy to switch between tariffs. It just depends on how much time you want to spend thinking about it to save money.
If you own a Tesla OR you have a Wallbox Pulsar Plus charger (or you are thinking about getting a Wallbox Pulsar plus charger) take a look at the brand new Intelligent Octopus tariff. The tariff offers a minimum of 6 hours off-peak charging at 5p per kWh! 🌍💚
Octopus Outgoing Tariffs
For those with solar panels who want to sell their excess energy.☀️
Octopus Energy offers both standard and smart SEG tariffs. Simply select the tariff that is right for you.
|Octopus Energy Outgoing Tariffs Rates. (22/01/2022)||Per kWh Exported|
|Octopus Outgoing Fixed tariff. (cannot be combined with Octopus Go import)||5.5p|
|Octopus Outgoing Agile.||Variable - half-hourly pricing based on day-ahead wholesale rates. (see table below)|
|Octopus Outgoing Go.||3p|
|If you own a Tesla Power Wall.||CLICK HERE.|
|NO Import tariff with Octopus Energy your only tariff is Outgoing Fixed at this flat rate.||3p|
You can read more in my review on Octopus Outgoing.
The future of energy.
I see this as the future for energy consumption. By storing electricity we can help reduce the strain on the national grid. Electricity can go into your home from your solar panels, from the grid, or through battery storage. As an example, it can run the other way so energy can come out of the car (think of your EV as a spare battery) into your home or back into the grid. So you can run your car from your house and your house from your car. It goes both ways and so many other ways. That’s quite groundbreaking and already a possibility for some Octopus Energy customers!
Posted by Sarah at www.octopusreferral.link
How to contact Octopus Energy.
Octopus Energy Email 👉 [email protected]
Octopus Energy Free Telephone number 👉 0808 164 1088 (Monday to Friday: 8 am-5 pm) UK based staff.
Now let’s get down to business with FREE STUFF.
How can I get a free cuddly Octopus from Octopus Energy?
Once you have signed up to Octopus Energy if you want to get your hands on a free cuddly Octopus they will send you one in the post, although it can take a few weeks depending on stock. Her name is Constantine. (I am not joking)
Borrow a free thermal imaging camera from Octopus Energy.
If you would like to borrow a thermal imaging camera to find out where the heat is escaping from your home or workplace you can request one here.
Spin to win.
Also, don’t forget you get a chance to win a cash prize when you enter your meter reading with “spin to win.”
Octopus Winter Workout competition win a share of 1 million pounds.
Octopus Energy Refer a friend.
Once you have chosen to switch to Octopus Energy as a new customer using a referral link, you’ll be given £50 credit on your first bill and your own personal referral code to share with friends and families. For every person that switches with your code, you both get £50 credited towards your next bill. It takes just two minutes to switch and your code is effective immediately.