Flexible Octopus
| Energy Cost | Price |
|---|---|
| Electricity unit rate | 16.01p per kWh |
| Electricity standing charge | 20.64p per day |
| Gas unit rate | 2.86p per kWh |
| Gas standing charge | 17.85p per day |
How much is octopus energy per kWh?
The unit rate for electricity with Octopus is 13.15 pence per kWh and the standing charge is 21 pence per day. If you’re on an Economy 7 tariff, the unit rate during the day is 14.49 pence per kWh, while at night it’s 7.76 pence per kWh – the standing charge is the same.
Is Octopus energy really cheaper?
Octopus Energy prides itself on being affordable and customers in our survey tend to agree. Its four star rating is very respectable, though one firm achieved five stars on this measure. It offers a competitive tariff but I could possibly get a better price if I was prepared to have poorer customer service.
Is Octopus the cheapest energy supplier?
Octopus is one of the cheapest energy suppliers in the UK and boasts stellar customer reviews. Is there a better provider? Green energy supplier Octopus Energy was founded by Greg Jackson whose dream was to make energy greener, but also cheaper.
What is octopus energy standing charge?
Standing charge
The amount you pay a company to provide you with energy. A standing charge is a fixed daily amount you need to pay no matter how much energy you use. It pays for things like maintenance work and getting gas and electricity to your home.
What is octopus variable rate?
Flexible Octopus is a variable tariff, which means that the price you pay for your energy (i.e. your unit rates and standing charge) can rise and fall with wholesale energy prices.
Is Octopus energy profitable?
Octopus Energy’s net income 2016-2020
Octopus Energy made a net loss of nearly 47 million British pounds in the year ended April 2020.Despite an increase in the net losses made, Octopus Energy’s turnover has increased to over one billion British pounds.
How do I send meter readings to Octopus energy?
How do I submit a meter reading?
- Type the numbers into your monthly meter reading reminder without even logging into your account.
- Use your camera to scan the readings via our app.
- Email them to us at [email protected] (either as a clear photo, or just type them out)
Who is the cheapest energy provider in UK?
Top 10 cheapest energy tariffs
| Rank | Supplier | Type |
|---|---|---|
| 1 | Spark Energy | Fixed |
| 2 | Utility Warehouse | Variable |
| 3 | ScottishPower | Fixed |
| 4 | ScottishPower | Fixed |
Who is the cheapest energy supplier in the UK?
Orbit Energy
Top five cheapest gas and electricity deals
| Company | Tariff | |
|---|---|---|
| 1 | Orbit Energy | Spring Vari-Save Extra |
| 2 | Hub Energy | Hub Smart Choice Tariff 12 April 22 v1 |
| 3 | Green | Hawthorn |
| 4 | Outfox the Market | Spring 21 Variable |
Is Octopus energy cheaper than British Gas?
For Octopus, our standard variable tariff is currently about ?121 cheaper than British Gas.
How safe is octopus energy from going bust?
The founder of Octopus Energy has said the company is safe, amid soaring gas prices and the collapse of a number of other energy firms. A handful of smaller energy companies have already gone bust.The disruption is the result of gas prices rocketing in 2021.
Can you still get Economy 7?
Does Economy 7 still exist? Economy 7 does still exist and can be one of the cheapest ways to save on your energy. Ideal for those who don’t need electricity during the day (if you have a storage heater and hot water tank), Economy 7 can be the cheapest energy option depending on your lifestyle.
Are Octopus energy prices fixed?
What about when my fixed deal ends? At the end of your term, we’ll offer you a new price for your Octopus Fixed tariff based on wholesale costs at that time. If you don’t fix, don’t worry you’ll roll onto our Flexible Octopus tariff. And you can switch tariffs at any time without any exit fees.
Is Octopus go a fixed rate?
Octopus Go is a fixed tariff, with your daily standing charge, quoted day rate per kWh and 5p night rate (for 4 hours starting 00:30) fixed for 12 months. By taking Octopus Go, you agree to us using half-hourly consumption data collected from your smart meter to bill you.
Is Octopus go a fixed rate tariff?
Is the Go tariff fixed? Yes. On Go, your prices are fixed for 12 months.Go, like all Octopus tariffs, doesn’t have any exit fees or tie-ins, so you can change tariffs or switch suppliers at any time with no penalties.
How much cheaper is economy 7?
Tariffs compared: Economy 7 vs a normal electricity tariff
| ELECTRICITY TARIFF | AVERAGE PEAK RATE |
|---|---|
| Cheapest Economy 7 | 12.1p/kWh |
| Cheapest normal | 10.9/kWh |
| (1) Based on regulator Ofgem’s average usage figure for Economy 7 of 4,200 kilowatt hours (kWh) a year. Economy 7 assumes 42% off-peak usage. Last updated: April 2020. |
Does octopus energy do Economy 10?
Unfortunately we are don’t offer an Economy 10 tariffs as of yet. We can have you on one of our standard tariffs, however for every MPAN you have at your property, you will be charged a standing charge for and you would lose 3 hours of your off peak electricity times.
Does octopus do Economy 7?
The tariff works in a similar way to Economy 7 and 10 tariffs – where specific off peak periods have cheaper rates – however with Octopus the periods are not fixed and can change daily. An Economy 7 tariff, for example, has a lower rate for electricity for a fixed seven hours a day, usually 12am to 7am.
How is Octopus energy so cheap?
Octopus Energy joined the UK energy market in 2016, using technology to create a leaner business from the ground up keeping customers happy and prices low. Octopus Energy tariffs all offer 100% renewable electricity as standard, with the option to offset the gas that you use.
Who is the CEO of octopus energy?
CEO Greg Jackson
This blog is the second in a series of business advice from Octopus Energy’s founder and CEO Greg Jackson. Greg is a serial tech entrepreneur and expert on all things business, having founded, sold and invested in a number of successful e-commerce businesses over the years.
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