Octopus Energy is a renewable eco-friendly energy company providing gas and electricity. Starting only in 2015, Octopus Energy has over 3 million UK customers and is growing steadily. Octopus Energy has also taken over Bulb customers. In this article, I provide a refer-a-friend offer with a £50 joining bonus (*Disclaimer: £50 goes to me too) and show you some simple steps to sign up. All their smart tariffs feature 100% renewable electricity and no exit fees.
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Who is Octopus Energy?
Octopus Energy is a UK-based renewable energy supplier that was founded in 2015. The company has grown rapidly over the past few years, and as of 2021, it serves over 3 million customers in the UK, as well as in Australia, Germany, and the US. Octopus Energy has a good reputation among its customers, with many praising the company’s commitment to renewable energy and customer service. Octopus Energy has consistently been named one of the top energy suppliers in the UK by sites such as Which? and Uswitch.
Why join Octopus Energy?
- Good referral incentives (If you refer someone and they use your referral code, you get £50 and they get £50 too)
- 100% renewable energy (not many energy companies offer this)
- Award-winning Which! winner 2023
- The ability to cancel your contract at any time, with no exit fees at any time (This is good, as most companies do have £50 + exit fees in place)
- No disruption to your electricity and gas supply. They will inform your current supplier & do the energy switch on your behalf
- No Engineer or installer visits needed
- Top customer service – Octopus Energy can be contacted quickly by phone, email or even social media and has won customer service awards
The Octopus Energy tariffs 2023
As of April 2023 – Typical tariffs are competitive and are managed online and paid via direct debit. The main tariffs are below, but there are over 10 to choose from.
Octopus Green Business 12M Fixed January 2023
- Eco 7 Electricity *Day Unit Rate – 37.25 p/kWh
- *Night Unit Rate £28.61p/kWH
- Standing Charge £37.84 p/day
- Electricity Unit rate £35.69 p/kWh
- Standing charge: 37.84 p/day
Octopus Green Business 12M Fixed January 2023
- Eco 7 Electricity *Day Unit Rate – £36.41 p/kWh
- *Night Unit Rate £28.48p/kWH
- Standing charge: 51.54 p/day
Octopus Energy prices
For a low gas and electricity user, £50-60 a month is not unexpected (best to work out current usage and compare above). Simply join up here and compare your current kWh costs with your current provider.
Octopus Energy is speaking to more and more customers who are struggling to pay their bills. The NEA has estimated the current crisis will see an extra 2 million homes around Britain facing fuel poverty. They have already helped over 30,000 customers through our £2.5 million Octopus Assist fund, but much more need help. They are doubling our Octopus Assist fund to £5 million – money that will go directly to customers struggling to pay their energy bills.
Octopus Energy app
Octopus Energy’s phone number
In an emergency, call 0808 164 1088, between 9am and 5pm Monday to Thursday, or 9am and 4pm Monday to Friday. Email [email protected] for quick help between 8am and 10pm every day.
Joining up to Octopus Energy
Joining up to Octopus Energy can take less than 5 minutes. Firstly, go to Octopus Energy and add your postcode. Then add in your typical electricity and gas usage and ask for a quote. Finally, fill in your personal details and your payment details, and then the changeover is all set.
Octopus Energy Review
For an in-depth review of Octopus Energy, please read my review on the pros and cons of Octopus Energy.
Octopus Energy Refer a friend offer
Octopus Energy Business offer
Octopus Energy also does electricity and gas for business. If you are looking to change suppliers or have just moved office space and want a new one, join up now. Get a £100 referral bonus (we both get £100) for changing suppliers.
When do you get your Octopus Energy referral credit?
The whole process takes approximately 4 weeks. The credit is paid once you are signed up and your first month’s direct debit has been successfully taken. Finally, I hope the above content has been useful. In summary, I’d give Octopus Energy a chance, they are renewable, competitively priced and give you the ability to refer friends and family to get £50 for both of you.
Why have energy prices increased so much?
There has been a worldwide shortage of gas and energy supplies, pushing the cost of gas for suppliers. A boost of 250% since the start of the year, with a 50% rise just since August, data shows. According to the BBC, the cold winter in Europe last year put pressure on supplies and, as a result, stored gas levels are much lower than normal. Plus, there’s been increased demand from Asia (which also suffered a cold winter) for liquefied natural gas. Higher gas prices have also pushed up electricity prices because Britain generates around a third of its electricity from burning natural gas.
How to reduce gas and electricity bills at home
According to Energy Saving Trust, we can all save an extra £30 a year by turning off appliances when we’re not using them, rather than leaving them on standby. For more tips, please read the top tips to reduce gas and electricity bills in the UK.
Other tips include:
- Switch to energy-efficient light bulbs: LED light bulbs use much less energy than traditional incandescent bulbs, and they last much longer.
- Use a programmable thermostat: A programmable thermostat allows you to set the temperature in your home or office to automatically adjust based on your schedule, so you’re not wasting energy heating or cooling an empty space.
- Seal air leaks: Air leaks around doors and windows can waste a lot of energy. Seal these leaks with weatherstripping or caulk to keep your home or office more energy-efficient.
- Use energy-efficient appliances: When purchasing new appliances, choose ones that are Energy Star certified, and use less energy than standard models.
- Turn off lights and electronics when not in use: Make it a habit to turn off lights, TVs, and other electronics when you’re not using them to save energy.
- Use natural light: Instead of turning on the lights during the day, open the curtains or blinds to let in natural light. Particularly during the bright summer months
- Use renewable energy sources: Consider using renewable energy sources such as solar panels or wind turbines to generate your own energy and reduce your reliance on traditional energy sources.
Other referral joining codes
*Enjoy a free coffee, free beer and almost a free pizza on me with some free codes to enter.
*Feast on £20 off your first Hellofresh order, tasty ingredients delivered to your door for fine meals.
*Earn a special £50 joining bonus with ethical energy company Octopus Energy in the review article.
*Rent out your spare space with Stashbee and get £50.
*Grab a free share (up to the value of £200) when joining FreeTrade.
*Remortgaging or looking at a first-time mortgage? Enjoy a £100 Amazon voucher when using the Trussle mortgage site.