Despite only entering the market in 2016, they have been awarded the Which? Recommended Provider Award 4 years in a row (2019-2021) and in 2024 is one of the largest energy suppliers in the UK.
100% renewable energy
They supply home and business energy
4.8 star rating on Trustpilot
Our Guide To Octopus Energy
All of the Octopus Energy tariffs use 100% green electricity and full carbon offset for gas, but if you’re worried it will cost more, fear not, the cost of doing your bit for the environment is no more than what you’d pay on a non-eco-friendly gas and electricity tariff with another supplier.
They supply home and business energy. Here’s what they offer to customers:
- No exit fees (home energy tariffs)
- 100% renewable energy
- £50 referral credit (home energy tariffs)
- EV charging options
- Half hourly meters (business energy)
- Custom tariffs (business energy)
Octopus Energy serves about 2.2 million retail customers, and through partnerships with Ebico Living, London Power and Co-op Energy the supplier is responsible for providing power to over three million retail customers.
Octopus Energy has seen extraordinary growth since it began in 2016.
About Octopus Energy
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Octopus Energy Tariffs And Prices
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Who Owns Octopus Energy?
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Octopus Energy Address and Contact
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British Gas Lite Green Performance
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Octopus Energy Cancellation Policy
Home Energy Tariffs
Supergreen Octopus
£92.22 monthly estimate
(£1,106.63 annually)
- Electricity Standing Charge: 24.38p per day
- Electricity Unit Rate: 18.10 kWh
- Gas Standing Charge: 26.59p per day
- Gas Unit Rate: 3.30p kWh
- No early exit fees
Average price calculations are based on a family of 4 living in a 3-bedroom house.
Business Energy Tariffs
Octopus Energy for Business offers a simple and transparent pricing structure that helps to simplify business energy billing. Choose from either:
- Octopus Fixed - A fixed 12 or 24-month tariff that safeguards your business against price rises for the duration of your contract
- Flexible Octopus - A flexible contract with no fixed term and zero exit fees that will flex in line with the market
Accounts are managed digitally and use app-driven technology to give you greater visibility of your energy usage. Switching is easy, Octopus Energy for Business allows you to lock in a deal 6 months before your current contract comes to an end allowing you to be more reactive to deals on rates. This easy-to-manage approach can be a great option for small businesses.
Please note that if you compare with Love Energy Savings, cheaper prices may be available as we have negotiated exclusive deals with a wide range of suppliers. You can compare prices here.
A private company founded by Greg Jackson, Octopus Energy is a subsidiary of Octopus Capital Limited founded in 2015. Gaining momentum through a series of hugely beneficial acquisitions and deals, their customer base has grown rapidly.
More recently they have secured a partnership with Amazon’s Alexa to further strengthen their proposition.
The headquarters of Octopus Energy is in Soho, London, England. Their trading office address is:
1 Upper James Street, Soho,
London
W1F 9DE
Their registered office is:
20-24 Broadwick Street
London
Here, you can find the latest fuel mix disclosure information from Octopus Energy
|
Energy Source |
Octopus Energy Average |
UK Average |
|
Renewables |
100% |
37.9% |
|
Nuclear |
0% |
16.6% |
|
Coal |
0% |
3.9% |
|
Natural gas |
0% |
39.4% |
|
Other fuels |
0% |
2.2% |
As a domestic customer, you can cancel with Octopus Energy at any time by calling its cancellations team, they’ll continue to supply your energy until your new supplier takes over.
If you owe or are owed any money, you will be notified by email. It’s worth taking a look at your account to ensure you have the funds to clear off any balances you may have accrued.