Octopus Energy Review 2020 | £100 Referral Code

Octopus Energy Review 2020 | £100 Referral Code

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Octopus entered the energy market to provide affordable eco-friendly energy and have carved out a  popular niche, growing by 30,000 customers a month and supplying their energy to 1.5 million UK customers. 9 of customers rate them as 5* on Trustpilot. In this article, I review switching to Octopus Energy also I provide a £100 referral code (disclaimer: £50 goes to me).

What is Octopus Energy?

Founded by Greg Jackson, Octopus Energy is an environmentally friendly energy UK supplier. Octopus Energy have supplied gas and electricity since 2016 and are the only supplier to be recommended by consumer champion, Which? every recent year. Octopus Energy is part of the Octopus Group which incorporates Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Property, Octopus Ventures and Octopus WealthRenewable energy is their standard and they provide 100% green electricity. They pride themselves on being no more expensive than their competitor’s non-green tariffs, which sounds promising. On top of that are creating 1,000 more UK jobs, which should be good for the economy.

Octopus Energy tariffs 

It’s always a good idea to check your current energy rates for electricity and gas (if applicable) and check your kWh usage and cost per kWhAs of October 2020, the rate for the Octopus 12m fixed (cheapest rate) was:

Electricity
:
-Unit rate 15.7185p per kWh.
-Standing charge 20.895p per day x 365 = £76.27.

Gas:
-Unit rate 2.9085p per kWh 
-Standing charge 17.85p per day x 365 days = £65.15

There are two other tariffs to explore: 

  • Super green Octopus tariff – is £1-1.30 more each month approx than 12m fixed. This is the most popular of the tariffs. 
  • The flexible Octopus tariff is 90p more a month than the 12m fixed.

To view the tariffs, please use this Octopus Energy referral code

Octopus Energy smart meter

Octopus Energy Smart Meter will connect to any SMETS2 smart meter and some SMETS1 smart meters. They will automatically try to connect after you’ve switched but they may ask you to send your first set of meter readings manually. If you don’t have one, Octopus Energy will send an engineer around to install it (subject to COVID-19 restrictions).

Octopus Energy on Trustpilot

Trustpilot is a good site to visit when considering which energy providers to switch to. Trustpilot provides real reviews from customers. After reviewing Octopus energy they are rated “great” on 4.2/5, which is really promising. 

Why join up to Octopus Energy?

  • No Engineer or installer visits needed
  • No disruption to your electricity and gas supply
  • They’ve will inform your current supplier & do the energy switch on your behalf
  • Top customer services – Octopus energy can be reached by phone, email or social media. 
  • No exit fees at any time (This is a good benefit as most companies fo have £50 + exit fees. 
  • Good referral incentives (If you refer someone, you get £50 and they get £50 (currently £100). 
  • 100% renewable energy (helping look after the environment)

Things not so great about Octopus Energy

  • Not the cheapest out there (the likes of EON are cheaper, for me anyway)
  • Admin time – you will need to get your GAS and Electricity numbers from old letters/comms or by calling your current supplier up, this can take time and leg work your side.
  • Expect a credit check against you. It’s expected, but if you don’t go ahead with joining Octopus Energy, it can be a hassle to remove your credit imprint. It is, however, a necessary part of joining most new monthly subscription services.  

Octopus Energy Referral Code | £100

For a £100 free referral code off your first bill until 15th October, use this code. It is part of the octopus energy referral 2020. 

From the 8th October 2020 – 15th October 2020, any new members joining up get £100. This is to encourage you to go green on World Octopus Day!

How do I refer a friend to Octopus energy

Simply join up here and once your account is verified, you can share your referral code and get £50 from Octopus Energy.

The verdict of Octopus Energy – is it worth it?

Overall GreatDealsMadeEast gives Octopus Energy 4/5. From a cost and environmental viewpoint, it is worth it. To limit risk, if are not happy you can leave whenever, with no exit fee. What do you think of Octopus Energy? Please share your tips and opinions. 

Fancy a free Caffe Nero coffee promo code? You will receive free coffee (I will get 2 free coffees). Use the Caffe Nero promo codes 2020 Download the Caffè Nero app now.

Want to make some money online? Check out some top money making ideas from home, 20 top saving tips from UK leading money bloggers and also cheap things to do whilst working from home

Out of contract on your mobile phone or Broadband, check out some Broadband deals and Mobile and Sim Deal page here and Broadband comparison page here for the latest deals in the market and to get the best mobile phone and home broadband deals on the market.


William Pointing

I enjoy watching comedy, learning about new digital marketing trends, helping people generally (including saving money) and completing sport challenges (This year I plan on cycling to Paris from London).

All stories by:William Pointing
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William Pointing

I enjoy watching comedy, learning about new digital marketing trends, helping people generally (including saving money) and completing sport challenges (This year I plan on cycling to Paris from London).

All stories by:William Pointing
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