Home » COMPARE OCTOPUS ENERGY TARIFFS 2023

COMPARE OCTOPUS ENERGY TARIFF

Octopus Energy helps customers to switch to renewable energy with simple and creative tariffs. Winner of Which? Best Energy Supplier 2023 for the 6th year in a row. As well as ‘traditional’ Octopus tariffs, such as the Flexible Tariff (Energy Price Guarantee), which is fixed until 30th June 2023, Octopus offers customers smart tariffs that are groundbreaking in the energy market.  For our energy market to change we need companies like Octopus Energy to fight for change. They champion their customers and look for ways to save them money while also helping the planet.👏

Octopus Energy smart tariffs, possibly Economy 7 and the Octopus agile tariffs can work out cheaper than the Energy Price Cap. They just require a little hustling with your energy use.

Octopus Energy is taking on new customers. You can now get an online quote and switch by answering a few questions online.

There are lots of reasons why you may want to switch energy suppliers.  However, trying to find the cheapest energy deal is getting a lot more complicated! It is more important than ever to hold energy companies to account and demand good service and fair prices. Octopus takes customer service and fair pricing seriously. That’s why they are poles ahead achieving 1st place in the Which? Best Energy Company survey 2023. (British Gas come in 9th place!)

Ofgem is considering a new rule which will require energy suppliers to display customer service data from a third party prominently on their websites. There has been a fall in customer service standards since the energy crisis and Ofgem agrees it’s not acceptable.

Octopus Energy was the only company – of 16 rated in our customer survey – with any five-star ratings from its customers. ⭐️⭐️⭐️⭐️⭐️ This was for the usefulness of its information about energy costs. In all other areas, it achieved very respectable four-star ratings.

Octopus Energy’s customer score of 73% was well above the average of 54%

How did your energy supplier rank for customer service in the 2023 Whicn survey? Demand good service and opt for an energy supplier who is trying to make a difference!

Here’s a quick overview of the Octopus Tariffs available to both new and existing customers.

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. Octopus offers amazing customer service, traditional tariffs the same as any other supplier plus smart tariffs if you want to get creative.

The Octopus Flexible tariff is one of Octopus’ traditional tariffs. It is a variable tariff but from the 1st of October, 2022 has acted more like a discounted 6-month deal. The flexible tariff will now receive a discount under the Energy Price Guarantee which limits the most you will pay per kWh until April. (Now extended to the end of June 2023)

The Energy Price Cap will change again on the 1st of July 2023 when it will drop to around 30.1p per kWh for electricity and 7.5p per kWh for gas. Ofgem announced the new figures on the 25th of May. The standing charge will increase to around 53p a day for electricity and 29p for gas.

Is the Octopus flexible tariff the cheapest Octopus tariff? In lots of circumstances, it is BUT if you can “load shift” with a cheap overnight Octopus tariff you can bring the average price you pay per kWh down below the energy price guarantee.  Also if you are prepared to switch to a tariff that changes day to day and involves a little more risk then you could make quite a saving! I will explain how this can be done.

Octopus Energy tariffs are available to new and existing customers.

• Flexible Octopus / Flexible with Eco 7.
• Octopus Go & Intelligent Octopus – EV Owners
• Octopus Agile
• Octopus Cosy Tariff – Heat pump tariff
• Octopus Flux Tariff – Solar PV and battery storage.
• Octopus Tracker.– Octopus has announced they will move 50,000 customers to this tariff 1st of July 23. You have to be an Octopus customer new or old and be on the waiting list for the tracker tariff. So get your skates on!

My personal preference has always been a fixed energy deal but these are now long gone. We may see a revival in the summer of 2023. Cornwall insights are predicting a return of the fixed tariff and I think we will too but this won’t be until early summer after the energy price cap has been announced.

It’s important to remember if you are with Octopus Energy and you want to switch to another tariff you can. There are no penalties for switching tariffs and it’s quick and easy to do this. So if an Octopus fixed tariff is announced you can just grab it. The only exception is if you have switched from one smart tariff and you want to move back to that tariff within 30 days you can’t.

You really need to hustle and try and get the best deal as next winter is still going to be tuff!

‘If these predictions are right, and it’s somewhat crystal ball gazing, you will be paying more next winter than you did last winter.’@MartinSLewis explains why most people could still be paying more next winter compared to last. pic.twitter.com/4X6N9z8viK

— Good Morning Britain (@GMB) May 25, 2023

For now, there are currently only 7 Octopus tariffs available to both new and existing domestic customers who want to switch tariffs or find a new energy deal.  I give a summary of all 7 tariffs below. (As soon as an Octopus fixed tariff is available I will update this page with information.)

The Octopus Tariff most customers are on – Octopus Flexible tariff.

The Octopus flexible tariff is basically a 9 months fixed deal which started in October 2022. This tariff is referred to as the standard variable tariff. It is a default tariff that all energy suppliers have. It is subsidised by the Energy Price Guarantee. This subsidy will continue until the end of June 2023. After this, the Energy Price Cap will take over as the price is lower than the Energy Price Guarantee.

Unit Price and standing charge of the Energy Price Cap from 1st July 2023 to 31st September 2023

• Electricity –  Will go down from 33p per kWh to 30p per kWh. Whilst the standing charge will increase from 51.8p per day to 53p per day.
• Gas – Will go down from  10p per kWh to 7.5p per kWh. Whilst the standing charge will increase from  27.5p per day to 29p per day.

These figures show a comparison of the average Octopus Flexible tariff before and after the 1st of July 2023. I will give exact figures for my region when they become available. These are based on the figures Ofgem announced on 25th May 2023.  You can view the current rates here.

The prediction by Cornwall Insight is that the Energy Price Cap will go down slightly again from 1st October 2023 but it is gas that will see the reduction not electricity.

Tip: If you are not on a fixed tariff or Octopus smart tariff take a meter reading on 30th June and submit. This way you draw a line in the sand on the higher rates and get the lower Energy Price Cap rates from 1st July 2023.

You can vary the standard Octopus Flexible tariff to include off-peak rates.

If you want to vary the Octopus flexible tariff to include off-peak rates at night, called Economy 7 you can do that too.  The Economy 7 figures haven’t been announced yet for the 1st of July price change in the Energy Price Cap. You will pay more than the Energy Price Cap 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.

The Octopus Flexible Economy 7 tariff could be a good tariff for customers who have battery storage but no electric vehicle. Octopus also told me they have launched an Economy 10 tariff although details are not on their website yet! It is also a great price if you want to pay less overnight to do your laundry and load shift as much as you can.

There is a variety of tariffs beyond the standard variable tariff. It is worth spending a little time considering which tariff is best for you.

Octopus Energy Quote and switch online.

Here is an Octopus Energy dual fuel tariff quote from 2nd June 2023 on the Flexible Octopus tariff. (This covers both gas and electricity prices, dual fuel.) It will go down in July 2023 after the next Energy Price Cap review. This 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.

The price may vary depending on your usage and geographical location region.  Just enter your postcode and usage to get a quote. Make sure you use the same link to sign up.  If you decide to ask for an email quote and then return here to complete the switch this allows Octopus to track your switch so they can apply the £50 new customer credit.

All customers on the Octopus Flexible tariff receive a 4% discount on their standing charge. This also applies after 1st April 2023.

The Energy Price Guarantee from 1st April 2023 to 30th June is on average 10.4p per kWh for gas and 33p per kWh for electricity. It changes slightly depending on where you live in the country. (The big difference is the standing charge but Octopus customers pay 4% less) The price will go down from 1st July to 31st September to an average of 30p per kWh for electricity and 7.5p per kWh for gas.

Quick and easy switch to Octopus Energy online.

By following the link and answering a few quick questions you will get a quote. Select to have the quote on screen rather than sent to you by email. (You may miss out on the £50 credit if your sign-up isn’t tracked.)   If you are happy with the quote you can then confirm if you wish to complete the switch.

I have circled the most important part of the quote which is the price you will pay per kWh for both gas and electricity.

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 first and 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.

Octopus Flexible tariff with Economy 7.

If you choose to vary the Octopus flexible tariff to include a cheaper night-time rate, this is called Economy 7, then you will be paying more during the day than the EPG but your night-time rate will be much lower.

Here’s a breakdown of prices on the Octopus Flexible tariff by region, if you pay by direct debit.  These are the new prices that came into effect on 1st April 2023. It includes the Energy Price Guarantee discount.  You can click here to download the prices.

I will update the chart when it is available for the 1st July new Energy Price Cap.

If you pay by another method you can find the detail here.

Octopus Energy’s time of use tariffs. Here is a quick summary. 

If you are a new Octopus customer you will need to go on a traditional interim tariff to make sure your smart meter is sending readings first. This will be the Octopus flexible tariff.

For Octopus time-of-use tariffs for electricity consider;

• Octopus Flexible Tariff (Economy 7 for electricity)
• Octopus Go tariff, (EV drivers)
• Intelligent Octopus (EV drivers)
• Octopus Agile.  (Electricity)
• Octopus Flux (Electricity – Solar PV and battery storage)
• Cosy Octopus Tariff (Electricity – Heat Pump)
• Octopus Outgoing tariffs (Home solar/wind)

You WILL need a smart tariff for these Octopus time-of-use tariffs.

I use on average 60% of my energy off-peak. (I have 3 kids and an EV).  By shifting my energy use I bring my peak rate of 40p per kWh down to around 19p per kWh! This is below the April 2023 Energy Price Guarantee of 33p and the new Energy Price cap which will drop on the 1st of July 2023 to 30p per kWh.. 💃

Based just on my May 2023 energy bill the saving is staggering when you consider my bill covers the whole house and EV charging. Being on the Octopus intelligent tariff has saved me roughly £266 in just one month.  That’s over £3000 in just one year compared to paying 33p per kWh for my home energy and fueling a petrol car.

@sarah_go_green Consider an #evtariff for #evcharging if you own an #ev #eletricvehicle in the #ukev #energybills #electricty @Octopus Energy #evtok ♬ Little Things – Tiqta

The Energy Price Guarantee and Energy Price Cap

On the 8th of September, the UK government stepped in to offer the Energy Price Guarantee. The energy price cap was set to rise by 132% over the winter of 2022 but the government introduced the Energy Price Guarantee. (EPG) This simply means the government will subsidise energy bills by paying your energy supplier the difference between the Energy Price Cap and the Energy Price Guarantee. (We will pay it back over the next decade in taxes)

The Energy Price Guarantee will be continued until the end of June 2023. This means that customers on a traditional variable tariff will see a slight increase in their standing charges from 1st April and the unit rate will change ever so slightly.

By July 2023, when the Energy Price Cap is amended again, wholesale energy prices will have fallen to a level lower than the Energy Price Guarantee, rendering the government assistants unnecessary.

The new Energy Price Cap from 1st July will be an average of 7.5p per kWh for electricity and 30p per kWh for electricity.

Is it worth switching to Octopus Energy? 

It’s a really good time to switch energy suppliers. The world is a crazy place at the moment and Octopus Energy is, in my opinion, a good ship to be on in a storm!

You could save money on an Octopus smart tariff or an Octopus Economy 7 tariff SO now might be the right time to jump ship! Plus the Octopus Tracker tariff is one you can’t ignore!! Octopus has only been allowing 5o customers to switch to the tracker tariff per month but on the 1st of July Octopus will allow 50,000 customers to switch to the tracker tariff!! This is a very good deal!

Remember auto-switching sites only compare the cheapest deals on offer not the stability of the company. They also can’t predict how willing you are to change your behaviour to save money on your energy bill! If you are able to think a little outside the box you can still save money with Octopus Energy! They have some very clever smart tariffs available and they have reduced the price per kWh off-peak on their Economy 7 tariff.

The CEO of Octopus Energy, Greg Jackson, speaks a language we all understand and demands change to help us all secure cheaper, greener energy. He is relentless and it is one of the reasons Octopus are leading the way with customer service and innovation. (Read the full article)

The bigger question really is does (the energy crisis) lock in a determination on countries to decarbonise or is it like a diet, where the moment you think the weight’s come off, you go back on the pies? I think there’s a real risk of this. – Greg Jackson, CEO Octopus Energy May 2023.

If you’re looking for an alternative supplier because you’re simply fed up with poor then Octopus is an extremely good option. Octopus treats customers differently. You can’t put a price on that! Caring costs nothing BUT sadly you won’t find the same approach with every UK energy supplier.

I joined Octopus because it was a green electricity provider – and seemed fairly stable. My interactions with previous providers had been minimal – I paid the bill, they gave us electrons. Octopus was a revelation. It was hugely unexpected.

— BensGreenGamingAc 🌷 (@green_bens) January 23, 2023

Here are the prices on the Octopus tracker tariff. The tracker tariff follows day-ahead prices rather than year-ahead prices.

(You can read more about the Octopus tracker tariff at the bottom of this page)  At the moment on this tariff, you will pay less for your gas per kWh.

If you are interested in energy prices and what the future holds this is a very good research document prepared by the government. It is from the House of Commons Library and was written in February 2023.

Please read my full review on the Octopus tracker tariff. You could save on your energy bill right now with this one! Just get your name on the waiting list.

Octopus Gas Tracker Tariff.	Price per kWh. MAX PRICE 30P PER KWH.
02/06/23	3.39p
01/06/23	3.65p
31/05/23	3.56p
30/05/23	3.48p
29/05/23	3.47p
28/05/23	3.47p
27/05/23	3.47p

Octopus Energy Fixed Tariffs 2023.

At the moment there are no Octopus Energy Fixed tariffs in 2023. I think we will see an Octopus fixed tariff return in the early summer of 2023.

• According to Ofgem before the energy crisis started, in August 2021 around 13 million domestic energy customers were on a fixed tariff.
•  There hasn’t been a fixed tariff available for well over a year.
• When an Octopus Energy fixed deal is introduced I think it will be very popular!

Keep an eye on this page for updates. I will post details on any Octopus Energy fixed tariffs as soon as they are available.  I last checked for an Octopus-fixed deal at 05.35 hrs on 2nd June 2023.

You can switch from one tariff to another very easily with Octopus Energy. If a new tariff becomes available you can just ask Octopus to switch you over and it is usually as simple as that. I have done it several times.

How can you reduce the amount you pay per kWh by using energy off-peak?

Here is how I load-shift some of my energy use. My peak rate is 40p per kWh and my off-peak is 7.5p per kWh.  The average price I pay per kWh is around 18p!

This is an EV tariff but from the 1st of October Octopus has made the Economy 7 rates much cheaper! Yes, the day rate goes up but if you are prepared to try load shifting it might be worth a go! It could work out better for both the planet and your pocket!

@sarah_go_green If you have an off-peak smart tariff with Octopus Energy you can charge your EV cheaply BUT you can also use energy in the rest of the home at the same rate of 7.5p a kWh. So delay functions and smart timers are great. #EV #EVcharging #moneysavingtips #energytariff #octopus🐙 #savemoneytips #utilitybills #electric #costoflivingcrisis @Octopus Energy ♬ original sound – sarah_go_green

Yes, I think so.  At the moment the energy price guarantee is the cheapest traditional energy deal so it’s hard to compare but Octopus has gone a step further and has added a discount of 4% on their standing charge for customers on the Octopus Flexible tariff. (EPG cap). The Economy 7 standing charge is slightly higher. Plus the smart tariffs give you the option to try and hustle some cheap energy using time of use!

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 that it is quite refreshing to see a fairly new energy company like Octopus hot on its heels. We need energy companies like Octopus to help us find creative ways to make the UK less reliant on importing energy from abroad. Octopus, in my opinion, is streets ahead of any other UK energy firm. They want to make a difference and put customers and the planet at the forefront of everything they do!

Why is Octopus Energy in such a good position compared to some other suppliers? Octopus Energy explains why in this enlightening post!

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

Yes, you can swap Octopus Energy tariffs with no penalties even on the Octopus smart tariffs or Economy 7 rate. Octopus will tell you on your bill if a cheaper Octopus tariff becomes available. You email back and they will swap you over. It’s effortless!! 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 are on an Octopus smart you have to wait for 30 days before switching to another smart tariff. You can, however, move from a smart tariff to the Octopus flexible tariff at any time.

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.

Are energy prices still going up?

No, is the simple answer. Over the last few months, wholesale energy prices have fallen but we won’t see these reflect in our energy bills under the Energy Price Cap as it is based on historical wholesale energy prices.

The Energy Price Cap will fall below the Energy Price Guarantee discount to an average of 30p per kWh for electricity and 7.5p per kWh for gas.

The prediction by Cornwall Insight is that prices will continue to fall slightly for gas in October under the Energy Price Cap but will increase a little in January 2023.

The issue is even though headlines are saying energy prices under the Energy Price Cap are doing down we won’t receive the £66 credit each month going forward next winter and there’s only a 3p difference per kWh between the Energy Price Guarantee and the new Energy Price Cap. Prices are still really high compared to 2 years ago.

Here’s my take on the new Energy Price Cap which will come into effect on 1st July.

So using the silly typical use and one months usage you would be at least £26 worse off a month next winter even (if stays same) before you factor in that the standing charge has gone up!!… pic.twitter.com/AzfTs7FnWk

— Sarah Go Green💚 (@sarah_go_green) May 25, 2023

Here are the prices on the Octopus tracker tariff. The tracker tariff follows day-ahead prices rather than year-ahead prices. (You can read more about the Octopus tracker tariff at the bottom of this page)  At the moment on this tariff, you will pay less for your gas per kWh.

If you are interested in energy prices and what the future holds this is a very good research document prepared by the government. It is from the House of Commons Library and was written in February 2023.

Please read my full review on the Octopus tracker tariff. You could save on your energy bill right now with this one! Just get your name on the waitlist!

Octopus Gas Tracker Tariff.	Price per kWh. MAX PRICE 30P PER KWH.
02/06/23	3.39p
01/06/23	3.65p
31/05/23	3.56p
30/05/23	3.48p
29/05/23	3.47p
28/05/23	3.47p
27/05/23	3.47p

Wholesale Energy Prices

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 February 2022 when Russia invaded Ukraine wholesale prices increased. Vladimir Putin is restricting gas supplies to Europe, and so wholesale prices worldwide are increasing.

In April 2022 wholesale prices started to drop BUT as EU countries started to bid for limited supplies of gas they skyrocketed in June 2022.

Thanks to a mild winter countries haven’t needed to buy so much energy as we have all been using far less. So wholesale prices have now dropped even further in 2023.

Octopus recently update a blog post explaining why when wholesale prices of energy are dropping this is not reflected in many of their tariffs. These prices are, however, reflected in Octopus tariffs that track wholesale prices such as the Octopus tracker tariffs or the in the part the Octopus Agile tariff.

Will energy prices fall further in 2023?

Quick summary;

• Prices have dropped since the peak, but still remain higher than before the energy crisis.

• The good news is that prices are stabilising, which could lead to new opportunities for domestic energy customers to secure better deals from early summer 2023.

From the graph above you can see how much wholesale prices have come down since they peaked in late summer/early autumn 2022.  The problem is wholesale energy prices are still a lot higher than before the energy crisis BUT they are stabilising which is good news.  I am hoping this will allow the new fixed deal to come back into the domestic energy market.

It is well worth considering an Octopus fixed tariff when they do appear again. The world is a very unpredictable place and my concern is that prices could shoot up again if further conflicts break out BUT no one knows what the future holds.

Is Octopus Energy cheaper than British Gas?

Yes, Octopus are usually cheaper than British Gas. The current Octopus EV tariffs are cheaper than those offered by British Gas.

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.

British Gas is one of the oldest energy companies in the UK  and is the most customers in the UK.  Octopus Energy is only 7 years old and already has just over 5 million customers. There’s a reason why they are hot on British Gas’ tail!!  Customers love the great service and value they provide!! Octopus Energy is also rated the best energy supplier by Which?  Personally 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.

My experience choosing the right Octopus Energy tariff.🤷‍♀️

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. 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 and save money. This is where the tech base of Octopus makes it stand out from the crowd. The Octopus Energy smart tariffs are quite revolutionary but for most, 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. 

Octopus Energy Agile tariff

(Smart meter required)

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!

The Agile tariff lets customers 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.

Octopus Agile November version 1.

The Agile tariff changes quite frequently. The version currently available is Octopus Agile November version 1.  It is capped at £1 per kWh.

The Agile tariff receives a discount as part of the Energy Price Guarantee. It is all explained in this Octopus blog post.

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.

The most you will be charged is up to £1 per kWh with a discount of up to 17.9p per kWh being applied above roughly 33p per kWh.  This is because Octopus Agile is protected by the government’s Energy Price Guarantee. You really have to watch prices closely to know if it’s a good time to be on this tariff. If things get too sticky you can switch back to the Octopus flexible tariff at any time.

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.

(Proof of EV ownership is required along with a smart meter)

Octopus Go is an electricity tariff with a cheap 9.5p / 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 2.4p 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 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.

I have recently switched to the Intelligent Octopus tariff as it offers a longer discounted period BUT it’s new and there are specific requirements for switching.

Octopus Go Faster is no longer available.

READ MORE ABOUT OCTOPUS GO AND GO FASTER.

EV TIPS

If you own a compatible EV (there’s a list) OR you have an Ohme charger take a look at the Intelligent Octopus tariff. The tariff offers a minimum of 6 hours of off-peak charging at 7.5p per kWh! 🌍💚

Cosy Octopus Tariff

The Cosy Octopus tariff is designed for heat pump owners and is a Variable time-of-use tariff with two price dips during the day. The dips are known as “boost periods” from 04:00 – 07:00 and 13:00 – 14:00. 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.

The tariff was introduced was December 2022 v1. If you want to get a quote you can find the rates for your area on the Octopus website under Cosy Octopus. Just scroll down and enter your postcode. You may be asked to show proof of heat pump ownership to go on this tariff.

Octopus Flux Tariff.

The Octopus Flux tariff replaced the Tesla Energy Plan. Unlike the Tesla plan, you aren’t restricted to a particular make of battery storage or solar PV to benefit from this tariff. It was launched on the 14th of February 2023 and has so far been received with a mixed response.

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.

Octopus Energy tracker tariff.

If you don’t have a smart meter but would like to try a smart tariff you can still sign up for the Octopus tracker tariff.

On the Octopus tracker tariff, you will pay 3.39p kWh for gas and 16.87p per kWh for electricity today.  This is the price you will pay on the 2nd of June 2023 in South Wales.  It is defiantly worth checking out this Octopus tariff as at the moment the price per kWh is around 20% cheaper than the Energy Price Guarantee on average over the month. So the savings on your energy bill could be quite considerable.

There is a cap of  30p per kWh for gas and £1 per kWh for electricity. It is a flexible tariff and receives a discount as part of the Energy Price Guarantee. You can find more information on the Octopus FAQ page for the tracker tariff.

You can switch back between tariffs without any penalty with Octopus. So you could try the tracer tariff if you note prices are starting to drop but it is a gamble.

You can see  Octopus tracker prices for the last month in my region for both gas and electricity. They vary a little depending on where you are in the country.

The tracker tariff is based on wholesale prices NOW.

Octopus Outgoing Tariffs

For those with solar panels who want to sell their excess energy.☀️

Octopus Energy offers both standard Outgoing and smart SEG tariffs.  Simply select the tariff that is right for you.

Octopus Energy Outgoing Tariffs Rates. (02/06/2023)	Per kWh Exported
Octopus SEG	4.1p
Octopus Outgoing Go/Intelligent. (SEG for EV drivers)	4.1p
Octopus Outgoing Fixed tariff. (Cannot be combined with Octopus Go/intelligent tariff tariffs)	15.0p
Octopus Outgoing Agile.	Variable - half-hourly pricing based on day-ahead wholesale rates. (see table below)
Octopus Flux tariff	2am to 5am - 22p per kWh 4pm to 7pm - 36.4p per kWh. All other times 22p per kWh

You can read more in my review on Octopus Outgoing. If you have a combination of solar PV and battery storage take a look at this new tariff Octopus Flux.

The future of energy.

I see this as the future of 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!

My final thoughts on switching to Octopus Energy.

You’ll get great customer service with Octopus Energy, it might not be the biggest energy supplier around, and it hasn’t been around the longest, but you’ll be with an energy supplier who really gives 110% to both their customers and their commitment to net zero. You just can’t put a price on that!

Posted by Sarah at www.octopusreferral.link

How to contact Octopus Energy.