Octopus Energy Tariffs 2022: Compare Energy Prices
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Since its beginnings, Octopus Energy has taken the energy world by storm. It was established in 2015 and the supplier has enjoyed near-constant accolades from the industry and customers alike. Winning awards for its value or money and its customer service, they aim to offer renewable energy at budget-friendly prices. As their website states “We’re doing energy better — for you and for the environment”. But are Octopus’ energy tariffs really as affordable as we’ve been led to believe? In this article, we will investigate that exact question.
Last update: November 2022
Octopus Energy Tariffs in 2022
At first glance, Octopus has a fairly modest range of tariffs. On closer inspection, however, we can see that there are enough tariffs to cover all bases, without there being enough tariffs to overwhelm consumers. As a result of there being such a wide variety of energy tariffs available to both new and existing customers, we have elected to provide a pricing summary of their most popular tariffs!
In this post, we’ll list and compare the Octopus Energy tariffs directly to see which is the best value for money. This will allow you to ensure that you’ll get the best possible value for money by switching to this supplier.
At the moment, Octopus Energy has 0 tariffs live. That can change at any moment.
To make sure, you’ve got the latest information on the market, we update our tariffs regularly. You can also visit our main article about Octopus Energy to stay informed.
What dual fuel tariffs does Octopus Energy offer
Octopus Energy’s dual fuel tariff packages are their most popular amongst customers. While they are listed as dual fuel options here they are also available as a single fuel tariff option should that be your preference.
Below you can find the cost information associated with these tariffs.
| Plan | Tariff type | Availability | Electricity cost | Gas cost | Annual cost | Exit fees | Green tariff |
|---|---|---|---|---|---|---|---|
| / | Standard Variable | ❌ | £ 649.882 | £ 479.512 | £ 1129.394 | £ 0.000 | ✔️ |
| / | Green - Fixed 12 | ❌ | £ 867.616 | £ 585.520 | £ 1453.136 | £ 0.000 | ✔️ |
Prices displayed are national averages
* Based on 2,900.00 kWh of ⚡ and 12,000.00 kWh of 🔥 per year on average
* A Green tariff means the supplier injects in the grid the same amount of renewable energy that is consumed.
Octopus Energy: Variable Rate Tariffs
Octopus currently has one variable rate tariff.
What is the Octopus Energy flexible tariff?
By using one of the flexible Octopus Energy tariffs, your unit rates are not fixed and can fluctuate due to factors such as long-term changes in our energy purchase costs. So there is no fixed tariff offered by Octopus Energy.
The costs associated with this tariff can be seen here:
| Plan | Tariff type | Fuel type | Availability | Standing charge | Unit cost | Annual cost | Exit cost | Green tariff |
|---|---|---|---|---|---|---|---|---|
| / | Standard Variable | Electricity | ❌ | 27.390 p | 18.960 p | £ 649.882 | £ 0.000 | ✔️ |
| / | Standard Variable | Gas | ❌ | 23.850 p | 3.270 p | £ 479.512 | £ 0.000 | ✔️ |
Prices displayed are national averages
* Based on 2,900.00 kWh of ⚡ and 12,000.00 kWh of 🔥 per year on average
* A Green tariff means the supplier injects in the grid the same amount of renewable energy that is consumed.
What is Agile Octopus?
It offers you half-hourly prices so that you can benefit from cheaper wholesale electricity prices. When wholesale electricity prices go down, so do your bills – and if your daily electricity consumption is shifted off-peak, you can save even more.
Octopus Energy: Fixed Rate Tariffs
Octopus Energy has several fixed rate tariff plans. We have an overview of them down below.
The pricing on these tariffs can be seen here:
| Plan | Tariff type | Fuel type | Availability | Standing charge | Unit cost | Annual cost | Exit cost | Green tariff |
|---|---|---|---|---|---|---|---|---|
| / | Green - Fixed 12 | Electricity | ❌ | 27.390 p | 20.070 p | £ 867.616 | £ 0.000 | ✔️ |
| / | Green - Fixed 24 | Electricity | ❌ | 27.390 p | 20.070 p | £ 682.072 | £ 0.000 | ✔️ |
| / | Green - Fixed 12 | Gas | ❌ | 26.590 p | 4.070 p | £ 585.520 | £ 0.000 | ✔️ |
| / | Green - Fixed 24 | Gas | ❌ | 26.590 p | 4.070 p | £ 585.520 | £ 0.000 | ✔️ |
Prices displayed are national averages
* Based on 2,900.00 kWh of ⚡ and 12,000.00 kWh of 🔥 per year on average
* A Green tariff means the supplier injects in the grid the same amount of renewable energy that is consumed.
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Octopus Energy: Economy 7 Tariffs
At Octopus you can also become a client if you have an Economy 7 meter. They have several plans for economy 7 customers.
These tariffs have two separate unit rates, one for peak hours of consumption and another for off-peak.
Pricing on these tariffs can be seen here:
| Plan | Tariff type | Fuel type | Availability | Standing charge | Day Rate | Night Rate | Annual cost | Exit cost | Green tariff |
|---|---|---|---|---|---|---|---|---|---|
| / | Economy 7 - Standard Variable | Economy 7 | ❌ | 27.480 p | 20.520 p | 14.040 p | £ 616.524 | £ 0.000 | ✔️ |
| / | Economy 7 - Green Fixed 12 months | Economy 7 | ❌ | 27.480 p | 22.610 p | 15.480 p | £ 669.217 | £ 0.000 | ✔️ |
| / | Economy 7 - Green Fixed 24 months | Economy 7 | ❌ | 27.480 p | 22.610 p | 15.480 p | £ 669.217 | £ 0.000 | ✔️ |
Prices displayed are national averages
* Based on 2,900.00 kWh of ⚡ and 12,000.00 kWh of 🔥 per year on average
* A Green tariff means the supplier injects in the grid the same amount of renewable energy that is consumed.
What are Octopus smart tariffs?
Intelligent Octopus is a smart time tariff with peak and off-peak pricing. Customers benefit from a low night tariff for their electric car and home electricity use of 7.5 p/kWh between 11:30pm and 5:30am. Outside these times, the uniform tariff varies depending on the region.
Octopus Energy: prepayment tariffs
Octopus Energy does offer tariffs for prepayment meters. However, it does not advertise these, or present them when obtaining a quote. Instead, Octopus advises customers on prepayment meters to email prepayment@octopus.energy for a quote. The prices will depend on your location.
What are the Octopus Energy business tariffs?
Octopus offers a range of business tariffs for different businesses. All of which offer 100% renewable electricity. They are capable of handling all kinds of business energy needs from microbusinesses to enterprise-level companies. They even have specific EV business tariffs, as well as energy tariffs for vertical farms and solar developers / installers.
Please find their latest rates here:
| Plan | Tariff type | Fuel type | Day Rate | Night Rate | Annual cost | Exit cost |
|---|---|---|---|---|---|---|
| Octopus Green Business 24M Fixed | 24 Month Fixed Rate | Electricity | 34.570 p | 19.710 p | £ 697.857 | £ 0.000 |
| Octopus Green Business 12M Fixed | 12 Month Fixed Rate | Electricity | 32.740 p | 21.930 p | £ 755.553 | £ 0.000 |
| Octopus Green Business 24M Fixed | 24 Month Fixed Rate | Gas | 26.360 p | 4.450 p | £ 630.280 | £ 0.000 |
| Octopus Green Business 12M Fixed | 12 Month Fixed Rate | Gas | 26.230 p | 5.140 p | £ 712.605 | £ 0.000 |
Prices displayed are national averages
* Based on 2,900.00 kWh of ⚡ and 12,000.00 kWh of 🔥 per year on average
* A Green tariff means the supplier injects in the grid the same amount of renewable energy that is consumed.
Octopus Energy Economy 7 tariff plans for businesses
In addition to their two top performing business tariff plans listed above they also have two very popular Economy 7 tariff options for businesses that have an Economy 7 meter for their electricity.
Prices on these tariffs can be seen here:
| Plan | Tariff type | Fuel type | Day Rate | Night Rate | Annual cost | Exit cost |
|---|---|---|---|---|---|---|
| Octopus Green Business 24M Fixed E7 | 24 Month Fixed Rate | 34.570 p | 20.560 p | 16.390 p | £ 671.716 | £ 0.000 |
| Octopus Green Business 12M Fixed E7 | 12 Month Fixed Rate | 32.740 p | 22.870 p | 18.760 p | £ 732.753 | £ 0.000 |
Prices displayed are national averages
* Based on 2,900.00 kWh of ⚡ and 12,000.00 kWh of 🔥 per year on average
* A Green tariff means the supplier injects in the grid the same amount of renewable energy that is consumed.
How to switch to Octopus Energy?
Think that Octopus Energy might be the supplier for you? To further inform yourself about Octopus Energy, you can check the reviews of their customers. We can match their tariffs to meet your household’s needs. So you can rest assured that you’re getting the best deal on the market. What’s more, we can even manage your switch from end-to-end. So you can enjoy Octopus Energy’s cheaper, greener energy completely hassle-free.
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FAQ
What is the Octopus Energy standing charge?
The various standing charges can be seen listed above in our breakdown of Octopus Energy's tariff deals. They vary depending on the tariff so be sure to look closely.
Does Octopus Energy have an exit fee?
No. While Octopus Energy does have a fixed rate tariffs, unlike most of its kind it carries no early exit fee. None of Octopus Energy’s tariffs carry an exit fee at the time of writing.
Has Octopus Energy raised its prices in 2022?
Octopus Energy increased their prices on its standard variable tariffs. The price change came into effect from 2nd April 2022.
Updated on 29 Jan, 2024
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Alex
Consumer Energy Expert
sophia
Energy Specialist & Copywriter
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