Whether or not you select Mounted or Versatile, all our tariffs have honest & aggressive charges and take advantage of valuable inexperienced power, so you possibly can relaxation assured you are getting a great deal.
On this weblog, we’ll allow you to weigh up your choices.
The newest steering
Up to date September 27 2024
It is price a set tariff. Proper now, mounted charges are a bit cheaper than the October power worth cap, and we have secured a barely longer 15 month mounted time period for extra safety.
However it’s worthwhile to know: we do not know what power costs shall be sooner or later, so learn on for more information to assist make your determination. Our newest mounted costs haven’t any exit charges, so you possibly can change at any time.
Mounted and Versatile tariffs in a nutshell:
- Our mounted tariff locks in the price of your power for a set time period (normally a 12 months), so you will not be impacted by any adjustments in wholesale costs all year long.
- Our versatile tariff is a variable tariff, which implies the price of your power rises and falls each 3 months with wholesale power costs
Good to know: the value of power consists of two issues: worth per unit (pence per kilowatt hour) and standing cost (pence per day).These are the issues you must examine to seek out the most affordable worth.
With all our tariffs, how a lot you pay every month will rely upon the quantity of power you utilize. See our FAQ on this for more information.
The way to swap tariff
Need to change tariff? It is simple to do.
Merely go surfing to your on-line dashboard and click on ‘Change tariff’. There, you possibly can examine tariffs and swap should you see one thing you want.
You will see this selection should you’re on a Versatile tariff or coming to the top of a set one. If you cannot see this selection in your dashboard, get in contact with our group at howdy@octopus.power.
Mounted vs Versatile?
Mounted tariff professionals:
- Value certainty. precisely how a lot you will pay per unit of gasoline and electrical energy every month, which is nice information should you prefer to price range.
- No sudden adjustments. The price of your power will keep the identical for the entire time period, even when the wholesale worth adjustments. Plus, none of our newest mounted tariffs have exit charges.
- Sense of safety. You may relaxation straightforward understanding you are shielded from any important shifts within the power market throughout your mounted interval.
Mounted tariff cons:
- If wholesale power costs fall, the price of your power will keep the identical, and you will not profit from any financial savings.
Sound such as you?
In case you’re into budgeting, like a level of certainty, and are blissful to guess on fixing your charges at right now’s greatest worth, a set tariff might be for you.
Versatile tariff professionals:
- Potential to avoid wasting. If the power worth cap falls, you don’t have to do something, we’ll routinely decrease your tariff costs so that you begin saving.
- By no means any exit charges. There are by no means any exit charges or contract intervals with a variable tariff, so you possibly can swap to a unique tariff at any time.
- Protected by the power worth cap. That is an correct reflection of the fee to provide and stops suppliers making an enormous revenue in your power. (We’re the one main provider with costs constantly under the value cap).
Versatile tariff cons:
- If the price of power rises, your payments can even enhance. After all, you will get loads of discover, so you possibly can at all times change tariff.
- It is not as straightforward to price range.
Sound such as you?
In case you like transparency, understanding your worth displays market charges and also you’re blissful to see how issues change, a versatile tariff might be for you.
To sum up:
Whether or not you select Mounted or Versatile Octopus, our tariffs are at all times good worth. Some desire to have a level of certainty about their power costs. Others are blissful to go together with the market if it might imply saving.
Finally, we wish to make our pricing as honest and clear as attainable, no matter you resolve. We imagine that power must be extra reasonably priced for all, not simply within the mounted time period however in the long run too.
Fast actions
Change tariffs
See our tariff FAQs
See our payments and funds FAQs
Extra on this matter
How mounted and versatile costs work
Why are mounted tariff costs totally different to Versatile? Why can mounted costs be cheaper and dearer than Versatile at totally different occasions of the 12 months? David, our Head of Information Science, explains how we resolve the costs & the way it all works.
October worth cap adjustments
Ofgem (the power regulator) has introduced the power worth cap will rise round 10% for a typical dwelling from October 1 to December 31 because of the international price of power. Learn the way this transformation might affect you and the place to get assist should you want it.
Able to go sensible?
Our customary power tariffs are the tip of the iceberg. In case you’re a sensible meter buyer utilizing numerous power off-peak, Octopus Tracker and Agile Octopus might allow you to save much more. Or, if in case you have some tremendous cool low-carbon tech like an EV, you would possibly take into account becoming a member of the UK’s hottest EV tariff, Clever Octopus Go, to take advantage of automated automobile charging when costs are most cost-effective.
