Octopus Energy Tariffs, Prices & Reviews (2022)
About Octopus Energy
Though only established in 2016, Octopus Energy now supplies around 2 million UK customers with 100% green electricity and optional carbon-offset gas. Green energy supplied by Octopus is backed by Renewable Energy Guarantee of Origin (REGO) Certificates.
Octopus Energy is primarily funded by Octopus Investments, one of the fastest growing investment management firms in the UK and the UK’s largest solar power investor. In a number of instances, Octopus Energy has been appointed Ofgem’s supplier of last resort, taking on customers when other providers have collapsed. This includes acquiring 580,000 customers from failed supplier, Avro, at the end of 2021.Octopus Energy boasts simplicity, transparency and great customer service as part of their model, abandoning lock-in contracts and promising an average email response-rate of 30 minutes. They are also part of the Warm Home Discount scheme. They offer two main home tariffs, their fixed tariff (Octopus Fixed) and standard variable tariff (Flexible Octopus). The tariffs are available as both direct debit and PAYG. Business tariffs and EV tariffs are also available from Octopus Energy. Read on to find out more about tariff prices, Octopus Energy reviews and the latest company news.
Octopus Energy Price per kWh
Average Octopus Energy Prices per Property
|1 bedroom flat||£49.38||£592.60|
|2 bedroom flat||£99.45||£1193.40|
|2 bedroom house||£149.18||£1790.10|
|3 bedroom house||£226.18||£2714.17|
|4 bedroom house||£289.59||£3475.06|
Last Updated: 15/05/2022
Monthly and yearly home tariff costs are calculated at 29.63p/kWh for electricity and 7.51p/kWh for gas. These are based on a London postcode. These figures are correct as of April 2022, though are subject to fluctuation due to rising energy prices. Rates will be reviewed in October 2022, though it is currently estimated that the price cap may increase again by 47%.
Octopus Energy Reviews (4.7/5)
Octopus Energy's TrustPilot rating is above the average rating for all of the energy suppliers we have compared.
TrustPilot is a leading customer reviews platform. Some energy suppliers do not have business profiles, so in those cases, ratings have been taken from their consumer profiles. We have filtered the latest reviews by ‘business’ to display the most relevant business-to-business customer feedback.
Check out one of their latest business-related reviews below:
Octopus Energy Fuel Mix (%)
The table displays the most recent fuel mix (%) of Octopus Energy. Fuel mix is the ratio of energy sources suppliers use to generate electricity.
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How does their renewable energy mix compare to the UK average?
Octopus Energy has a renewable fuel mix 150% higher than the UK average.