Home » COMPARE OCTOPUS ENERGY TARIFFS 2024octopus energy tariffs 2024

My Journey to Cheaper, Greener Energy –  Switching to Octopus Energy Changed Everything.

Octopus Energy Tariffs 2024 Reviewed 

Octopus Energy tariffs stand out from the competition in a very uninspiring market. They offer traditional and smart tariffs that unlock savings and harness green home technology. Switching tariffs with Octopus Energy allows customers to choose the tariff that is right for them and their energy needs.

I spend far too long every week reading about Octopus tariffs and keeping up to date with their renewable innovations.

I am a mum to 3 school-age daughters and have become hyper-focused on my energy bills. Energy now feels like a luxury commodity. This has made me more determined than ever to try and lower my bills and get the best value for money.

I have been a happy Octopus customer for 6 years. Switching suppliers helped me take control of my energy bills. Octopus Energy cares about its customers and is constantly fighting government policy to try and make things better.

If you want to learn more about Octopus Energy or switching tariffs let’s compare them together.  I have done the hard work for you! (I am on the spectrum and this is my area of expertise.)

Sarah Go Green

Written by Sarah Chambers


Octopus Energy Tariffs (2024): Unlock Savings and a Sustainable Future

If your current supplier isn’t offering competitive deals, high-quality service, or making you feel powerless over your energy, it’s time to make that switch.

Like many, I was a loyal British Gas customer for over a decade. But I wanted renewable options, better prices, and a company that valued me. I was fed up, feeling I had no control over my energy bills and how my home had impacted the planet.

That’s why I switched to Octopus Energy in 2018. Fast forward 6 years, and it’s still a decision I’ve never regretted. I don’t think I would be as passionate or knowledgeable about saving money on my bills without the help of Octopus. 

 Octopus Energy has given me the confidence to try new ways to lower my bills and even generate green energy at home. I love their relentless optimism. It shows in everything they do from customer service to innovative ideas to help the planet.

You don’t need to be an eco evangelist to want to use green energy. I admire anyone who tries to make a difference and I understand what drives Octopus. They genuinely care about the environment and their customers. I’ll explain how Octopus tariffs can save you money. 

You don’t need any green tech either to get cheaper energy with Octopus but if you want to add some to the mix, Octopus can install solar panels, and battery storage and even switch you over to a heat pump. Plus Octopus provides some great smart tariffs to help make the most of them too.

Why switch to Octopus Energy?

  • The UK’s Largest Domestic Electricity Supplier: It’s not just me – countless others have chosen to switch to Octopus because they offer transparent, innovative tariffs, putting your needs and the planet first. Octopus has customers who do not just like them, they love them and even buy Octopus merchandise to show it.
  • Award Winning Service: Octopus was the Which? Recommended Energy Supplier in 2024 (7th year in a row). Octopus truly puts you first – a refreshing change from the traditional energy giants where you feel no empathy as a customer struggling to make ends meet. I like good customer service but love seeing good customer service where a company truly cares about the end users and Octopus do. (Which other energy company would send flowers after a bereavement or family crisis?)

Whether you want to go green or save money, Octopus Energy has a tariff that could be perfect for you. Everyone’s energy needs are different, and that’s why switching to a tariff that’s right for you can help. Let’s dive into what makes Octopus different, I promise it’s worth it.

Octopus Energy new customer offer.

Updated 12th July 2024

Understanding Octopus Energy Tariffs 

If you are worried about choosing the wrong energy tariff, please don’t. With Octopus Energy, that stress is a thing of the past. One of the best things about Octopus Energy is the flexibility of its tariffs. You can switch tariffs from your Octopus dashboard or email, call or send a Direct Message if you find a better deal or a tariff that suits you better. I have always found Octopus easy to deal with and have switched between tariffs several times. I’ll explain how this can be done.

Here’s what you need to know:

No Exit Fees

The power is in your hands – if a new Octopus deal or other supplier looks good, make the switch without hesitation! If your circumstances change your Octopus tariff can too.

New & Existing Customers

Their best tariffs aren’t just reserved for new customers. Everybody always gets a fair deal and Octopus tariffs are continuing to evolve. With some tariffs, you can even get paid to use energy.

Finding Your Fit

Whether you crave stability with a Fixed Tariff or want sustainability with the Smart Green Tariff, Octopus has options for every lifestyle. If you own any green technology or aspire to it, you’ll love Octopus’ innovation. It’s transformed the way I think about energy. You can’t avoid using energy but if you can be flexible Octopus can be too and their tariffs will save you money.

Fast Switching Guarantee

Octopus aims for a hassle-free 5-day switch. If they fall short, you’ll get £30 compensation!

You can’t underestimate the power of just being nice.

As someone who values clarity and flexibility, Octopus Energy has been a breath of fresh air since I made the switch. Their commitment to making energy smarter and greener is something I didn’t even know I was looking for. In the last six years they’ve come a long way and so have I thanks to their helpful advice.

They have a very relaxed, fun and easy-going style of communicating which I have never felt intimidated by. I think that’s how they drew me in. Now they even offer free coffee and sometimes cake at Greggs which can’t be sniffed. You’ll get to experience Octopus rewards once you have switched and signed up, it’s called Octoplus.

Sarah Chambers

About the author:  I’ve Been a Happy Octopus Energy Customer for 6 Years.

I’m Sarah, and as a mum of 3 daughters, I want to save money and do right by the planet. This led me down a rabbit hole of researching switching tariffs, smart meters, and renewable options.

You can find me on X and TikTok where I connect with around 7,000 followers looking for practical ways to electrify their homes and reduce energy bills. 

Feel free to follow me Sarah_Go_Green and join the conversation – I’d love to hear from you!  

I’m also featured on the Octopus website and their YouTube channel as a solar customer. I’ve been on BBC News, and Radio Wales, published in the Telegraph for owning part of a wind turbine and had a feature in Bloomberg.

I genuinely want to help you understand your options and make smarter energy choices. It’s that simple, I have become very geeky about my home energy and I can help you become more switched on too.

I’ve done a quick voice note below to say hello. (3 minutes long.) We can then explore each tariff in detail.

 

 Octopus Energy Tariffs are available to new customers in 2024?

As a new Octopus customer, switching from your existing energy supplier, you choose either;

  • Octopus Flexible Tariff
  • Octopus 12 Months Fixed Tariff.

Using the Octopus Flexible tariff as the base price for your comparison will help you to decide if to fix your energy tariff, stay on the Octopus flexible rate or try to beat both tariffs by changing the way you use energy using a smart meter. All Octopus customers receive a 4% discount on their standing charge.

Once your switch to Octopus Energy is complete you can move to a smart tariff if you have a smart meter or stay on your original Octopus tariff.

I have to emphasise that you do not need a smart meter to switch to Octopus Energy but if you have one or are thinking of having a smart metre installed Octopus has several innovative tariffs to choose from.

switch to octopus energy tariffsMost Octopus Energy customers remain on the Octopus Flexible or Octopus 12-month fixed tariff.  However, I highly recommend reading about the Octopus smart tariffs available especially if you have an EV, solar panels, battery storage or a heat pump.

This article in Bloomberg “We are energy nerds” may give some inspiration if you like green tech. (I’m featured in the article as an energy nerd.)  I have to stress you do not need to be geeky about your energy to switch to Octopus but if you’d like help finding the best Octopus tariff I am more than happy to help.

How to switch to Octopus Energy in 2024? The first step is to get an online quote and choose an Octopus Energy tariff.

Step 1: The easiest way to get a quote to switch to Octopus Energy is via their website. They will tell you how much you will need to pay per month and will show you the tariff rates for both the Octopus fixed and Octopus flexible tariffs.

You will need to answer 4 questions and 3 are multiple choice so it’s quick and easy to get your online quote.

Step 2: If you are happy with your Octopus quote complete the questions which will take you through the signup procedure. This will take less than 5 minutes and your switch should be completed in around 5 working days.

Here is an example of an Octopus Energy dual fuel tariff quote from 12th July 2024. 

These tariffs are what I would call traditional energy tariffs.  You do not need a smart meter to switch to either of these tariffs and they are the only 2 tariffs available when you first switch to Octopus Energy. Once your switch is complete you can request to move a smart tariff.

Octopus quote is based on approximate usage for a medium household using a combination of gas and electricity for their home energy need;

3 bedroom home.

3-5 occupants.

2,700 kWh of electricity.

11,500 kWh of gas.

Click “Tariff info” to see the rates available to you and the daily standing charge. (Don’t forget to use my Octopus referral link when you switch to get £50 credit. I’ll also get £50 credit, so thank you so much if you do use the link.)

Your monthly direct debit payment will vary depending on your usage and geographical location region.

Octopus fixed v fixed rate.

In summary, don’t be offput by the wide choice of Octopus Energy Tariffs.

Everyone consumes energy but household energy usage can vary from one home to another.  Unlike other suppliers, as well as traditional tariffs, Octopus has additional smart tariffs that you can consider IF they are right for you. Don’t let the choice put you off, it’s a good thing, honest.

When you first switch to Octopus you are offered two traditional Octopus tariffs. Once your switch is complete and Octopus can see they are receiving regular updates from your smart meter you can switch to an Octopus smart tariff.  This I believe is the only reason they are not offered at the time of switching.

Is the Octopus Flexible tariff the cheapest Octopus tariff?

If you want to grab the cheapest non-smart tariff today the Octopus Flexible rate is the cheapest Octopus Energy tariff for the next 3 months. However, the Octopus Fixed tariff dropped in price on the 29th of June 2024 and is now only slightly more expensive.

You may want to know that you have the cheapest Octopus tariff that requires no smart meter but I would ask you to think of the winter months and what could be ahead of us.

The Octopus Flexible tariff is around 2% cheaper than the Octopus Fixed tariff until the 30th of September. Predictions are that the flexible rate, which follows the Energy Price Cap, will increase by 10% come 1st October 2024. If you switch to the Octopus Fixed tariff you don’t need to take out a 12-month contract you lock in the rates now but still have the choice to change tariffs at any time with no exit fee.

The choice is to pay 2% less now on the Octopus Flexible rate and risk a 10% predicted increase which is forecast to last until 30th March 2025 or take the Octopus 12-month Fixed tariff with no exit fees. If predictions are wrong you can take a lower fixed rate or hop back onto the Octopus Flexible tariff. I think paying 2% more in the summer for the protection the Octopus Fixed tariff can offer in the winter is worth it.

When will Ofgem announce the next Energy Price Cap rates for October 2024?

Ofgem reviews and updates the Energy Price Cap level every three months.  The dates when the Energy Price Cap levels will be announced during the next year are:

  • 1 October to 31 December 2024 level, announced by 27th August 2024
  • 1st January 2024 to 31st March 2025, announced 25th November 2024

I will discuss further how proposed changes to the standing charge may also make switching to the Octopus Fixed tariff now more attractive a little further on in this post.

Octopus 12-month fixed tariff – Should I fix my Octopus Energy tariff until 2025?

If you don’t want to consider an Octopus smart tariff (all of which are flexible and not fixed) the Octopus 12-month Tariff offers you some reassurance without being locked into a contract you can’t afford to get out of.

Exit fees on fixed tariffs make it very difficult if prices go down.  The exit fee can outway the savings and the feeling of being trapped overpaying for energy isn’t something I would recommend. I have been there and worn the flipping T-shirt.

The Octopus Fixed tariff is like putting a protective Octo shield around your energy tariff. It’ll offer stability preventing further price rises. Plus with no exit fees, you can switch to a lower rate if it becomes available before your fixed rate ends. It’s a win, but you’ll still feel the strain on your purse or wallet this winter as they are still significantly higher than rates before the energy crisis.

Another consideration is Ofgem and the standing charges. Ofgem is reviewing standing charges and may shift some network charges to the price you pay per kWh. If you are a lower user this will be good but if you are a moderate to high user you could pay more for your energy bills.

Summary of why I would recommend considering switching to the Octopus Fixed tariff.

  • You’ll only pay around 2% more until 1st October 2024.
  • The Energy Price Cap is predicted to rise by 10% from 1st October to 31st March 2025.
  • Ofgem may shift network costs onto the unit rate of energy.
  • There are no exit fees. You can protect yourself from winter price rises without the risk of being trapped on a tariff if energy prices drop.

The Octopus 12-month fixed tariff is roughly 2% more than the July Energy Price Cap.

Martin Lewis suggests fixing your energy deal if you find a dual fuel tariff 10% above the July Energy Price Cap.

The Octopus 12 months Fixed June version 4 tariff is 2% above the July 2024 Energy Price Cap for dual fuel customers. That’s a difference of £30 a year based on typical use.

Here’s a snapshot of some of the Octopus tariffs available today and the unit reach for each. If you don’t mind volatility and have a smart meter the Octopus Tracker tariff is still outperforming the tradional rates.

Octopus Flexible Tariff
(July Price Cap)
Octopus Flexible Tariff
(October Price Cap)
Octopus 12 months Fixed Tariff 2024 - June v4
Tracker Tariff
July v 1
Rates per kWh Fixed 1st July to 30th September 24Predicted Price Cap - 1st October to 1st March 2025 (National average price)Fixed for 12 months.Rate change daily - 12th July 2024
Electricity22.37p 24.96p22.99p21.49p
Gas5.68p 6.15p5.86p4.96p

These figures are based on South Wales. Prices will vary depending on your geographical location.

I haven’t included the standing charge as these vary throughout the country. In the illustration above they are all the same except for the standing charge on the gas tracker which is slightly less.

The figures use the latest Cornwall Insight prediction from the 28th of June 2024.

What Octopus Energy tariffs are available for gas?

For your gas supply with Octopus you only have 3 options;

How many Octopus Energy tariffs are there for electricty?

For your electricty, there are currently 12 Octopus tariffs available. You don’t need to be on the same tariff for your electricty as you are for your gas.

There are 2 Octopus Tariffs you can switch to for your electricty that do not need a smart meter;

There are 10 Octopus Smart Tariffs for your electricty;

Working out the right Octopus smart tariff to make the most of your green tech can save you a lot of money, cut your C02 and help you on your mission to a more sustainable home. Even though Octopus smart tariffs are fairly new and rather niche over a million Octopus customers have already made the switch and tried them out.

You can try the Octopus smart quiz to see which tariff may be right for you.

Are there any additional benefits when you have a smart meter?

If you have a smart meter as well as having additional tariffs to choose you have three additional benefits;

  • Octoplus – Octopus rewards.
  • Saving Sessions – earning money for using no energy or exporting energy at peak times during the winter.
  • Power Ups – Get free energy at super green times. (South East England)

Are Energy Prices Rising in 2024 / 2025?

So far Octopus Energy prices have gone down throughout 2024 but predictions are that in the winter prices will increase.

I am not a fan of typical usage figures but as you can see the Octopus Flexible Tariff has reduced over the last year.

Time PeriodOctopus Flexible Tariff
April 2021 - October 2021£1,032
October 2021 - April 2022£1,225
April 2022 - October 2022£1,921
October 2022 - January 2023£2,500
January 2023 - April 2023£2,500
April 2023 - July 2023£2,500
July 2023 - October 2023£2,488
October 2023 - January 2024£1,819
January 2024 - April 2024£1,913
April 2024 - July 2024£1,690
July 2024 - October 2024 £1,568
Predictions
October 2024 - January 2024£1,723
January 2024 - April 2025£1,723

Here is a comparison between the Octopus fixed rate and the Octopus Flexible rates, which follow the Energy Price Cap.

I have quoted the prices per kWh instead of typical use. You can find the regional rates for the July 2024 Energy Price Cap on the Ofgem website.

Octopus Energy Tariff.Time PeriodElectricty price per kWh.Gas price price per kWh
Octopus 12 months fixed June v4
South Wales
2nd June - Now.22.99p5.86p
Loyal Octopus 12 months fixed -
South Wales
NowN/AN/A
Octopus Flexible Tariff -
South Wales.
1st July - 30th September 202422.37p5.69p
Octopus Flexible Tariff - best guess
Energy Price Cap
1st October - 31st December 202424.96p6.15p
Octopus Flexible Tariff - THIS PREDICTION IS JUST A PREDICTION
Energy Price Cap.
1st January to 31st March 202524.96p6.15p

If you are undecided about fixing your Octopus tariff the comparison above might help. The energy prices are based on predictions by Cornwall Insight  (Martyn Lewis refers to these as well) from the 28th of June 2024, Ofgem and Octopus Energy’s current tariff prices.

Loyal Octopus 12 months fixed Tariff.

The Loyal Octopus 12-month fixed tariff was open to existing Octopus Energy customers who had been with Octopus for 8 months. It was 4% below the Energy Price Cap. This tariff has been withdrawn and replaced with a fixed tariff available to new and existing customers.

I am all for being rewarded for loyalty but the Loyal Octopus 12 months fixed tariff has now been overtaken by the Octopus 12 months fixed June 2024 v4 tariff. It provides a cheaper rate for everyone which is great.

You can see the Loyal Octopus rates in the historical tariffs section of the Octopus website. Enter your postcode and filter for domestic and historical tariffs. The tariff is still being displayed as available on many websites such as Money Saving Expert but it was withdrawn in April 2024.

What’s Economy 7?

If you want to vary either the Octopus Flexible tariff or the Octopus 12-month fixed tariff to include off-peak rates at night, called Economy 7 you can do that too. You will pay more for the daytime rate BUT you can hustle by shifting a proportion of your energy to off-peak use, such as washing machines and dishwashers. You can click here to download the Economy 7 on the Octopus Flexible rate here. (These are the prices if you pay by direct debit.)

There is a variety of tariffs beyond the Octopus traditional tariff but to start your switch to Octopus Energy you just need to choose between the Octopus Flexible Tariff and the Octopus 12-month fixed tariff.

All traditional and smart tariffs are available to new customers. Yes, you can switch to Octopus Energy using the link above. For any smart / tracker tariffs, you will have to sign up for the Octopus Flexible tariff or the Octopus 12-month fixed tariff first.  Then when the switch is complete ask to be moved to the smart or tracker tariff. It can sometimes take a little time as Octopus needs to make sure they are receiving readings from your smart meter.

Please read my full review of any smart tariffs you are interested in switching to as there is an eligibility criterion.

Energy Price Cap Predictions 2024 / 2025 will they change?

Should I switch to the Octopus fixed or flexible tariff?Cornwall Insight changed the most recent predictions. They forecast a 10% increase in October 2024 and point out that non-energy efficient homes or vulnerable customers may face hardship if the standing charges change and the unit price of energy goes up further.

The figures are based on the latest Cornwall Insight Predictions from 28th June 2024.

Predictions on energy prices are constantly changing and are a best guess. 

There is a lot of volatility in the world and prices are still fluctuating. These predictions could go down as well as up depending on what is happening in the world.  So you have to take any predictions with a pinch of salt.

Can I switch Octopus tariffs if I find a better deal?

Yes, you can swap Octopus Energy tariffs very easily there are no exit fees on any of their tariffs. 

Are there any exit fees on Octopus Energy tariffs? 

There are no exit fees on any of the Octopus Energy tariffs. You can switch tariffs at any time except;

  • Tracker tariff – No exit fee but you may have to wait 2 weeks to switch to another tariff. You also can’t go back onto this tariff for 9 months. (To stop people gaming the system)
  • Agile tariff – No exit fee, you can switch tariffs straight away but you can’t go back onto the tariff for 30 days. (To stop people gaming the system)

I have switched energy tariffs several times with Octopus and it is straightforward to do, you simply email hello@octopus.energy or DM them on Twitter plus you can call them too.

What does Martin Lewis say about fixing your energy deal?

If you prefer the security of a fixed rate Martin Lewis suggests switching to a fixed rate may be a good option if it’s 10% more than the July 2024 Energy Price Cap. The Octopus 12-month fixed is roughly 2% above the July Energy Price Cap.  There are no exit fees or penalties and it’s open to new customers.

Martin Lewis has posted a podcast that is worth listening to if you are considering fixing your tariff now.

What can I do to lower my Octopus Energy bill?

Apart from using less energy if you use energy, you’ll get charged the set energy rate. Choosing an Octopus Economy 7 tariff means you can shift your energy use as much as you can to the 0ff-peak window and lower the average price you pay per kWh on your monthly bill.

If you have a smart meter you will have more options, for example, if you switch to Octopus Agile you could get paid to use energy!

Have Octopus Energy’s standing charges gone up?

Yes, in 2024 Octopus Energy has increased its standing charges but they are still 4% below the rate set by Ofgem.

Standing charges are unfair. No matter how hard you try you can’t lower your standing charge. I live in South Wales which has a lower population density and just like Scotland, Wales and northern England we get hit with higher daily standing charges.

I appreciate the Octopus 4% reduction on the standing charge but I wish there was a way for people with lower energy use to reduce it further.

Maybe we will hear something from Ofgem on this subject when they review the Energy Price Cap over the next few months.

Summary of Octopus Smart tariffs.

If you can pair the right Octopus smart tariff to your home setup you can save a lot of money whilst helping the National Grid become greener. It’s a smart and straightforward way to switch tariffs and reduce energy bills. So what’s the cheapest Octopus Energy tariff?

Before choosing an Octopus smart tariff you should consider your;

  • Aversion to risk.
  • Ability to be flexible in your home energy use.
  • The green tech you have in your home. (You don’t need any for two of the tariffs.)
  • The time of year. (Some tariffs perform better in the summer or winter.)

Which is the cheapest Octopus smart tariff to switch to?

Octopus Energy Tracker. 

The Octopus Tracker tariff is the simplest way to experience an Octopus smart tariff.  

3 Reasons I always recommend the Octopus Tracker tariff.

  1. The Octopus Tracker tariff requires no green tech and no clock-watching.
  2. There is just one flat rate which changes at midnight and is linked to the previous days’ wholesale energy prices. There is no time lag with the tracker tariff.
  3. If you want to beat the Energy Price Cap and benefit from drops in energy prices first then it’s an easy tariff to switch to and lower your bill.

You can be on Octopus Tracker tariff for gas, electricty or both. Octopus Energy allows you to split your fuel types between different Octopus tariffs.

  • Ideal for: Anyone. You don’t need any green tech and it’s the only smart tariff that can be used for gas and electricty. (You don’t need to have both energy types on the same tariff.) If you are prepared to ride with the wave of wholesale energy prices in real-time to save money this flat rate which changes every day at midnight is for you.
  • Would I recommend this tariff: Yes, this is an easy entry into Octopus smart tariffs for anyone who wants to try and reduce their energy bill right now.
  • Advantages: The Octopus Tracker tariff isn’t linked to the Energy Price Cap. With the Octopus Tracker tariff if wholesale energy prices fall you make the saving immediately. On the flip side if wholesale energy prices go up you feel the pinch first too.
  • Disadvantages: This isn’t a set a set and forget tariff. You have to keep an eye on the prices at least weekly to ensure it’s still a valid way of saving money compared to the Energy Price Cap.

Octopus Energy Tracker tariff for today (12th July 2024) and gas tracker rates for the last week.

On the Octopus Tracker tariff, today’s unit rate is 4.96p kWh for gas and 21.49 per kWh for electricity.

The price is based on the South Wales region and may vary depending on location. The standing charge is the same as all the other Octopus tariffs. In South Wales, as an example, it’s 61.19p per day for electricty and 27.47p per day for gas.

If you opt for the Octopus Tracker tariff your daily rates will change but the formula and the standing charges are set for the 12 months your terms are fixed. The latest version of the tariff is Octopus Tracker July v1.

Octopus Gas Tracker Tariff.
Price changes daily.
Gas price per kWh.
12/07/244.96p
11/07/244.91p
10/07/244.95p
09/07/244.92p
08/07/245.18p
07/07/245.17p
06/07/245.17p

You can find more information;

Octopus Energy Agile tariff

The Octopus Agile tariff isn’t just a smart tariff it’s clever. It is a variable tariff where the rates you pay for electricty change half-hourly based on wholesale energy prices. If the winds blow and there’s excess energy on the grid you could get paid to use it. If there is high demand the rate goes up. You’ll use cleaner, greener energy and save money.

  • Ideal for: Anyone. You don’t need any green tech. If you can shift some of your energy use to the cheaper half-hourly slots you should save money on your energy bill. You’ll have to be flexible with your energy use. Eagle eye bargain-saving customers will love this tariff.
  • Would I recommend this tariff? Yes, Octopus Agile requires no green tech. If you have battery storage you can reduce your energy bill, if you don’t you can too!
  • Have I been on this tariff? No, I jumped in feet first with an EV tariff to Octopus Go but so far I haven’t opted for Octopus Agile but I considered it for the summer as my import tariff. According to third-party apps, I could have saved money this year on Octopus Agile but I prefer the simplicity of Intelligent Octopus Go.
  • Advantages: You aren’t stuck on the Energy Price Cap. If it’s windy and there’s excess energy you can get cheap or even free energy. Several times this year Octopus customers have been paid to use energy. If you can be flexible with your energy use with no green tech you can drastically reduce your average price per kWh.
  • Disadvantages: It is not a set-and-forget tariff you have to actively manage your energy use. Unless you have Home Assistant or a third-party software that can help automate it.

More information:

Top pick of Octopus Energy EV tariffs in 2024.🌟

Intelligent Octopus Go is my top pick for 2024. Intelligent Octopus Go rates are cheaper, 7.0p instead of 8.5p on Octopus Go. The off-peak rate spans a minimum of six hours versus five on Go.

Octopus Energy Go.

If you own an Electric Vehicle and can charge it at home you should consider a dedicated EV tariff.  On the Octopus Go tariff, you can get an off-peak rate well below any Economy 7 or domestic energy tariff.

  • Ideal for: Anyone with an Electric Vehicle who can charge at home at night.
  • Would I recommend this tariff?: Yes, I would recommend this tariff if you don’t qualify for the intelligent version of this tariff. Octopus Go provides 5 hours of off-peak charging between 00.30 and 05.30 at 8.5p per kWh. This should be enough time to top up your EV each night on a cheap tariff.
  • Have I been on this tariff myself?: Yes, before the launch of Intelligent Octopus Go I was on Octopus Go.
  • Advantages: Octopus Go is simple to use. All you need to do is set your timer once on your EV or EV charger and plug it in each night. The whole house gets to use the off-peak including your home battery if you have one. This will help reduce your overall energy bill.
  • Disadvantages: If you regularly need to charge from low battery to fully charged the four hours may not be enough. If you have solar panels Octopus Go customers are limited to Octopus Outgoing Lite which is limited to 8p per kWh for your export.

Intelligent Octopus Go.

If you have an eligible EV or EV charger Intelligent Octopus Go wins hands down. You’d only opt for Octopus Go if you are not eligible for Intelligent Octopus Go. It provides a way of charging your EV at home at a time that is greenest for the grid.

  • Ideal for: Anyone with a compatible EV or EV charger who can charge at home at night.
  • Would I recommend this tariff?: Yes, Intelligent Octopus Go is the cheapest EV-dedicated tariff Octopus has. It’s 7.0p per kWh for a minimum of 6 hours a night between 11.30 pm and 5.30 am. Enough to add a large charge to your EV each night.
  • Have I been on this tariff myself? Yes, for 2 years. It is my current tariff. I charge my EV and home battery at night for 7.0p per kWh.
  • Advantages: Intelligent Octopus Go is simple to use. In the Octopus app you set the level of charge you want and buy when and Octopus does the rest. Need more than 6 hours of EV charging? Octopus will allocate additional off-peak slots.  If you arrive home empty and need it fully charged for the next morning that will be done all at the 7.0p per kWh rate. The whole house gets the off-peak too including your home battery if you have one.  There is no restriction on your export tariff.  I export on Outgoing fixed at 15p per kWh.
  • Disadvantages: You need a compatible EV or EV charger.  Completing the test charge can be fiddly to get onto the tariff but usually doesn’t take long. There are occasional glitches as it’s a beta tariff.

Octopus Flux Tariff.

Octopus Flux customers are rewarded for exporting electricity at peak times and importing electricity off-peak. It is a dual-band tariff with one standing charge.

  • Ideal for: Anyone with solar panels or solar panels combined with battery storage.
  • Would I recommend this tariff? Yes, but only if you export over 40% more than you import.
  • Have I been on this tariff? No, I had my solar and battery installation in October 2023. Over winter this isn’t the tariff to be on. I did consider it for the summer but Octopus has lowered the export rate and increased the import rate since 1st April. I am happy with my current tariff.
  • Advantages: There is a much higher export rate on Octopus Flux. Time your export to the peak period you’ll make more money than on a standard outgoing tariff. If you have either a large solar array or a large home battery plus your import is low then you can maximise your solar export income during the spring and summer months.
  • Disadvantages:  If I import more than I export this wouldn’t be the best Octopus tariff as the import rate is quite high compared to other smart tariffs. It requires a slightly more hands-on approach compared to the Intelligent version of the tariff. (Unless you are using Home Assistant)

You can see the rates in my full review of the Octopus Flux tariff.

Switch to Octopus Flux

Intelligent Octopus Flux.

Intelligent Octopus Flux is a combined import and export tariff. It’s for customers with a compatible home battery and solar panels. The rates of your import and export match on Octopus Flux.

  • Ideal for: Anyone with a GivEnergy battery and solar panels.
  • Would I recommend the tariff? Yes, but it would have been a firmer yes last summer before the July 2024 price changes. Now, you have to do a little more calculation to make sure it is the best tariff for you. If you want to be completely hands-off and you don’t have an EV that qualifies for an EV tariff this is a plug-and-play tariff which is ideal for the spring and summer.
  • Have I been on this tariff? No, I have a GivEnergy battery but I also have an EV. I prefer the ease of the tariff I am on which has a lower import rate combined with a flat export rate. which doesn’t change throughout the day. That’s just my personal preference.
  • Advantages: Octopus automates everything. The import and export rates are the same. It’s a one-in and one-out tariff which could result in a zero energy bill. However, if you export more than you import at peak times you’ll start to make a credit on your energy bill. During the summer you should easily be able to do and it is all automated.
  • Disadvantages: The import rate is quite high. You hand over the control of your home battery to Octopus. This could be seen as an advantage or disadvantage. It is, however, easy to switch this control off. I believe it’s the same as on Intelligent Octopus Go. I  turn off the smart controlling of my EV in the Octopus app.

Read my full review of Intelligent Octopus Flux.

Cosy Octopus Tariff.

Cosy Octopus is an Octopus Energy tariff designed for heat pump owners. It is a variable time-of-use tariff with three price dips during the day. The dips are “boost periods” from 04:00 – 07:00, 13:00 – 14:00 and 22.00 to 00.00. There is also a “peak period” from 16:00 – 19:00. Outside these times there is another price per kWh. So in total, there are 3 pricing periods, along with a standing charge.

  • Ideal for: Anyone with a heat pump.
  • Would I recommend the tariff? Yes, if you have a heat pump it looks like a good option for the winter especially with the additional boost period between 10p and midnight.
  • Have I been on this tariff? No, I don’t own a heat pump yet.
  • Advantages: The boost periods will help all-electric homes who rely on electricity to heat their homes. You can boost during a cheap period and then coast during a peak period. The price reduction and the additional 2 hours off-peak launched on 1st July 2024 make this very attractive.
  • Disadvantages?: As I don’t have a heat pump I am not sure. I think if you threw in an EV and home battery you’d have to stop and do some maths. A third-party compare app would be helpful to make sure you are on the best tariff during the winter.

If you want to get a quote you can find the rates for your area on the Octopus website. Just scroll down and enter your postcode.

You can also find out more in my full review of the Cosy tariff.

Octopus Outgoing Tariffs

If you have green tech Octopus are leading the way with the smart and export tariffs. I have 16 solar panels. A 13.5 kWh battery and an EV. I have spent as many hours pondering tariffs as I have looking at my solar generation in the GivEnergy App.

You can read more in my review on Octopus Outgoing.

Octopus Fan Club.

If you are near an Octopus wind turbine in Caerphilly, Halifax or Market Weighton you can receive discounted energy by joining the Octopus Fan Club.

Octopus are looking to build more fan club wind turbines. They have set up a page where landowners can get in touch – Winder. They say it’s just like Tinder but for people who love wind turbines.

Customer review.

My website is not managed or owned by Octopus Energy. I created the website, Sarah Go Green, a mum,  home energy geek and a very happy Octopus Energy customer.

You can read further independent Octopus Energy reviews on Trustpilot where 89% of customers give them 5 stars.

How to contact Octopus Energy.

Octopus Energy Email 👉 hello@Octopus.Energy

Octopus Energy Free Telephone number 👉 0808 164 1088 (Monday to Friday: 9 am-5 pm) UK-based staff.

You may almost find this post by Sarah of interest:

Sarah Go Green on X.

 

 

 

 

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