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What is Octopus Energy tariff?
Is Octopus Energy cheaper than the April price cap?
Can I switch to a fixed tariff with octopus?
Should you switch to Octopus Energy's 'Tracker' tariff?
Jan 18, 2021 · Octopus Energy launches world’s first electricity tariff that gets cheaper when it’s windy. 18 Jan 2021. Entech pioneer reveals its ‘Fan Club’, the world’s first tariff that drops prices as wind speeds up. Tariffs available to communities close to Octopus Energy’s first wind turbines.
Our beta smart tariffs are a whole new way of buying green energy, made possible by our unique tech. They’re unlike most other tariffs on the market because they rely on a smart meter system, which can be complex – that’s why these products are in beta! Here’s everything you need to know about going smart with Octopus.
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- We need to be able to fully link a smart meter to our systems in order to take meter readings remotely. There are a few different types of smart me...
- If you’re a customer of ours already, check what type of meter you have on your online account under ‘meters’. If you're not a customer of ours y...
- It usually takes around two weeks for us to connect to a smart meter after you’ve fully switched to Octopus, or we’ve installed your smart meter. I...
- You’ll know your smart meter is fully connected when you can see regular meter readings appearing on your energy dashboard . It’ll generally happe...
- SMETS1 meters can't always stay smart when you switch suppliers – even if your supplier remotely upgraded your smart meter after it was installed....
- Getting a smart meter booking can take more or less time depending on a few important factors, so we can’t always guarantee a speedy appointment. T...
- Smart meters are suitable for most properties, but there are a few factors that may mean we can’t install one for you yet. If you have a complex me...
- Before we can book you in for a smart meter installation, you must be a customer of ours – meaning you’ll need to wait til you’ve fully switched to...
- Our smart meter boffins are working closely with the government to remotely upgrade all SMETS1 meters in UK homes so that they’ll become smart agai...
We've full info below. Octopus Tracker directly tracks wholesale energy prices and has two key features: The rates that you pay change every day. The unit rates for gas and electricity change daily, based on the latest wholesale prices (these are what firms pay for energy), and are updated at midnight each night.
Sep 16, 2022 · Update December 2022: This page has been updated to reflect our new prices from January 1, 2023. The Government has announced an Energy Price Guarantee that caps variable energy prices at £2,500 for a typical home until April 2023.
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- If you’re on a variable tariff , like our Flexible Octopus, the price cap (as adjusted by the Energy Price Guarantee) does affect you – but not rig...
- On Flexible Octopus, Your new unit rates will rise to match the Energy Price Guarantee, but your Octopus standing charges will be 4% lower – so y...
- Flexible Octopus’ standing charges will be roughly 4% cheaper than the Energy Price Guarantee from October 1st. The exact % varies a tiny bit regio...
- Our Flexible tariff will have slightly different unit rates and standing charges based on your payment method. The £80 isn’t a flat discount for Di...
- No: this figure is not the absolute maximum a customer could pay. If you’re affected by the price cap, the protection you receive is relative to ho...
- The price cap sets a maximum rate for: Energy units: the price suppliers can charge variable tariff customers per unit of gas and electricity you u...
- Though green energy is cheaper to generate, on the market it's sold at the same, higher price of gas and other fossil fuels. That's down to the way...
- If you’re on a fixed tariff, the first thing to know is that the price cap doesn’t affect your current energy contract, but your prices will be red...
- Have Octopus Prices Risen in 2024?
- Can I Do Anything About Octopus Price Rises?
- Which Energy Suppliers Have Changed Their Prices in 2024?
- Will Octopus's Prices Rise in 2024?
So far in 2024, Octopus prices have gone increased once in line with a rise in the energy price cap. When we talk about energy prices going up and down, we usually mean the prices of standard variable tariffs, which aren’t fixed and can change depending on wholesale market conditions. The amount suppliers can charge per unit of energy used on a sta...
If you’re on a standard variable tariff with Octopus, you’d usually be able to switch to a fixed tariff to avoid price rises, but there aren't many deals currently available. See what you might able to switch to by comparing energy prices below.
You can read about previous price changes from other suppliers below: 1. British Gas 2. EDF Energy 3. E.ON Next 4. OVO 5. ScottishPower.
The next energy price cap level is currently projected to drop. It will be announced in February 2024 to come into effect in April.
- Ben Gallizzi
Aug 3, 2022 · Octopus Energy offers a range of different tariffs: from standard fixed and variable tariffs to really innovative plans that help customers maximise their green energy usage while also being more energy-efficient. Plus, all Octopus Energy tariffs use 100% renewable energy!
Mar 10, 2022 · Octopus Energy has announced its standard tariff will be £50 cheaper than the April price cap - but only for existing customers. The new rate applies to the Octopus Flexible variable...
