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Home » Is the Octopus April 2025 Fixed Tariff worth it?

Should you fix your Octopus Energy tariff when prices may drop in the summer?

Millions Are Overpaying – But Octopus Just Quietly Launched a Fixed Tariff That Beats the Price Cap!

⏱️ Estimated read time: 4–5 minutes. Or just check out the 🔎 Quick Summary below if you’re short on time!

  • Octopus’s new 12-month fixed is ~10% cheaper than the April 2025 Price Cap.

  • It also beats the predicted July price cap drop by around 4%.

  • No exit fees – you can leave if something better comes along.

  • You don’t need a smart meter.

  • Get £50 free energy credit with my Octopus referral link.
    👉 Switch now and get £50 credit

Written by Sarah Chambers

Why millions are still overpaying on the April Energy Price Cap.

If you’re still on the April 2025 Price Cap, you’re probably paying more than you need to.

That’s because the price cap was set using wholesale energy prices from December 2024 to February 2025, when prices were much higher than they are today. Since then, wholesale prices have dropped – but the cap hasn’t caught up.

A Cheaper Option from Octopus Energy – Octopus 12 Month Fixed Tariff April version 1.

Octopus is now offering a 12-month fixed tariff that’s around 10% cheaper than the current cap. It’s a rare opportunity to save money right now, without waiting for the next cap change in July.

In a nutshell:
✅ Cheaper than the April cap
✅ Beats July forecast
✅ No exit fees
✅ No smart meter is required

📊 A quick comparison

Here’s how it stacks up (based on a typical dual-fuel household in South Wales):

Tariff Avg Annual Cost Flexible? Exit Fees Smart Meter Required
April 2025 Price Cap (Flexible tariff) £1,863 ✅ ❌ ❌
July Cap Forecast £1,752 (est.) ✅ ❌ ❌
Octopus 12 Months Fixed Tariff. £1,675 ✅ ❌ ❌

These figures are based on a medium usage. Real savings may vary but for many, this deal is a winner.

Why have wholesale prices have dipped?

Octopus can offer this cheaper fix because wholesale prices have recently fallen, thanks to:

  • Warmer weather across Europe

  • Lower gas demand from Asia

  • A possible Russia-Ukraine ceasefire

  • EU relaxing gas storage targets

That’s helped drive down rates on the Octopus Agile and Tracker tariffs but it’s also why Octopus can lock in cheaper fixed deals right now on non smart tariffs too.

But let’s not forget: these gains could be wiped out overnight by one major event eg  Middle East tensions, extreme weather, or sudden global demand spikes. Personally, I don’t want that kind of uncertainty hanging over my bills and it’s the reason I fixed my gas tariff back in October. (I have an EV so I have opted for a dedicated EV tariff instead of the fixed rate for my electricity too.

Cost of living: everything else is up

We’re all feeling it: food, council tax, insurance, even cod and chips at the chippy! My car insurance dropped this year (a small miracle), but everything else is creeping up.

Energy is one of the few areas where you can take back control, especially with deals like this Octopus 12-month fixed tariff. And since the April Price Cap is based on older data, it’s already lagging behind today’s market conditions which are giving customers the option for cheaper fixed rates and time if use tariffs that are making significant savings.

So if you’re still sitting on SVT (Octopus Flexible tariff), you’re playing a game of “wholesale price hangover” and you are not winning!

So… should you fix your Octopus Energy Tariff now?

If I hadn’t already fixed my gas tariff, this would be a no-brainer.

Why I’d fix now:

  • ✅ Cheaper than the current April cap

  • ✅ Beats July’s expected energy price cap drop.

  • ✅ Leave any time – no penalties

  • ✅ No smart meter needed

  • ✅ Protects against future spikes

I’ve been chatting about this on TikTok and many of my followers have fixed and re-fixed as prices dropped based on your videos. This flexibility is what makes the Octopus 12-month fixed tariff stand out.

@sarah_go_green Should you stick on the @Octopus Energy flexible tariff or take a fixed rate? #aprilpricecap #moneysavingtips ♬ original sound – sarah_go_green

If you don’t mind a little more risk then the Octopus Agile and Octopus Tracker tariffs are also worth considering. You can see the full range of Octopus tariffs on my comparison page. This applies if you have green tech like a heat pump, solar panels or an EV.

⚠️ Rebel Energy collapses: another wake-up call

This week, Rebel Energy ceased trading, affecting around 80,000 customers. Ofgem says your supply won’t be cut off, but the stress of losing your provider? No thanks.

It’s a timely reminder that not all suppliers are built to last. You want stability and support – and that’s exactly what Octopus continues to deliver.

🧠 Innovation that benefits customers with reduced bills!

While other suppliers are disappearing, Octopus keeps innovating. Their latest push? Zonal electricity pricing.

Instead of charging everyone the same rate regardless of energy source, this would allow customers in windy or sunny regions to pay less a smart way to reward local, green energy and reduce strain on the grid.

It’s the kind of forward-thinking you just don’t hear from the legacy Big Six in fact they seem to want to avoid it!

💚 From passive to proactive: my Octopus journey

Before I switched to Octopus 7 years ago, I hadn’t thought much about my bills. I was with British Gas for 20 years. But moving to a bigger home with multiple kids at home all day made me more mindful of energy use.

Since then, I’ve installed solar panels and battery storage installed by Octopus. During a recent power cut, our lights stayed on thanks to our home battery. That level of resilience and savings has been priceless and has given so peace of mind.

Now I track tariffs, move when deals improve, and help others do the same. Octopus made that shift easy for me and their emails, apps, and support have been brilliant (especially for someone like me who is dyslexic).

🎁 Grab £50 free energy credit

Thinking about switching to Octopus? You can get £50 free credit by signing up with my referral link.

It’s a great welcome bonus on top of an already competitive tariff.

👉 Join Octopus and get £50

Final thought

There’s no “perfect” time to fix your tariff but there are good times, and this is one of them.

You can save now, stay protected from sudden price spikes, and keep your freedom to leave later. Lots of other suppliers lock you in with exit fees but not Octopus and that is why I think this deal is worth a serious look.

If you’re still sitting on SVT or unsure what to do, have a quick look at your options. You might be surprised at what’s available and you could avoid overpaying for your energy which is still a ridiculously high price.

Other posts you may find of interest by Sarah;

@Sarah_Go_Green