Octopus Energy

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Key information about Octopus Energy

Octopus Energy says that everything it does is designed to make its customers’ lives better while also being as kind to the planet as possible. To help in this mission it makes four commitments:

  • Fair, transparent pricing that reflects the wholesale costs of energy.
  • Control over your supply so you can leave at any time without having to pay any exit fees or tie-ins.
  • At least 50% renewable electricity on its standard and variable tariffs and 100% renewable electricity on its green tariff.
  • Fast and flexible customer service with no call centres.

Octopus Energy is a gas and electricity supplier that specialises in renewable energy sources.

Company history

Greg’s aim was to make energy better because he felt people were paying too much and being messed around by energy suppliers too often. Octopus Investments was founded in 2000 to build companies that make a difference. Through it has a market-leading position in renewable energy. It is also a market leader in tax-efficient investment, smaller company financing and healthcare.

Octopus Energy opened its first solar generation plant in 2011. In 2017 it has 154 solar farms in the UK and 66 in France. This means it is the UK’s largest investor solar. In fact, when the sun shines, its farms generate 40% of the UK’s large scale solar – enough to power 250,000 homes, which is a city the size of Manchester..

 Octopus Energy was started by Greg Jackson and Octopus Investments in 2011.

The company also invests in:

  • Wind generation
  • Anaerobic digestion plants, which use the natural breakdown of plant waste to make electricity
  • “Rapid response” gas generation, which balances supply when there’s no wind and sun.

Customers

As of October 2016, it is estimated that Octopus Energy had 40,000 customers.

How to contact Octopus Energy

If you have any questions, the best place to start is online. The FAQ section on their website https://octopus.energy/help-and-faqs/ should answer most questions.

If you can’t find the answer in the FAQ section of its website, Octopus Energy suggests getting in touch with its customer service team online. The team is available 8:00am to 8:00pm seven days a week and they usually reply within the hour. You can get in touch by emailing hello@octopus.energy or using Facebook: facebook.com/octopusenergy.

 If you would prefer to talk to someone at Octopus Energy, you can call:
0333 334 2268 or 0808 164 1088 lines are open Monday Friday 8:00am to 6:00pm

Opening times

The phone lines are open from 9:00am to 5:00pm, Monday to Friday.

Octopus Energy aims to be transparent and fair in everything it does. If you feel you have not been treated fairly, transparently, honestly or appropriately, you should let the company know by emailing thatsnotfair@octopus.energy.

If you would like to make a complaint, call Octopus Energy on 0333 344 2268 between 9:00am and 5:00pm from Monday to Friday. You can also email issueresolution@octopus.energy.

If you would prefer to write, the address is:

 By post: 20-24 Broadwick Street, London, W1F 8HT

If you smell gas, or suspect a leak, call the National Gas Emergency Helpline on 0800 111 999.

If you have a power cut, call 105 (free) to get help and advice from your local network operator.

Head office

The map below shows the head office location for Octopus Energy.

Help for low income families or those in debt

If you are struggling to pay your energy bills, you need to get in touch with them as soon as possible on 0333 344 2268. Lines are open between 9:00am and 5:00pm from Monday to Friday.

Octopus Energy may be able to offer you the following solutions:

  • Deferring payment for a short period of time
  • Agreeing a debt repayment plan
  • Agreeing a regular instalment plan for future bills
  • Arranging for payments to be taken directly from your benefits using the Fuel Direct Scheme, if you are on certain means tested benefits
  • Installing a prepayment meter.

Octopus also makes several energy saving suggestions on its website. It says that saving energy will not only save money but also save the planet. Its suggestions include:

  • Switching from halogen lightbulbs to LED lightbulbs
  • Switching off appliances at the socket rather than using the standby mode
  • Avoiding using your immersion heater except for emergencies
  • Using your washing machine and dishwasher only when they are full
  • Filling the kettle with only as much water as you need
  • Fitting good loft insulation, cavity wall insulation and double glazing.

Warm Home Discount Scheme

As of Winter 2019, Octopus Energy has joined the Warm Home Discount Scheme.

The Warm Home Discount Scheme gives eligible people a £140 discount on their electricity bill between October and April. The Warm Home Discount Scheme payment doesn’t affect your annual Winter Fuel Payment or any Cold Weather Payment you might receive.

For more information on the Warm Home Discount Scheme you can visit www.gov.uk/the-warm-home-discount-scheme/

You are automatically eligible for the scheme if your energy company is a member of the scheme and you get the Guarantee Credit element of Pension Credit. People who are on a low income or get certain means-tested benefits and have their electricity from suppliers who are part of the scheme may also be eligible. If you think you may qualify, you need to apply for the payment via your electricity supplier.

Fuel sources

Ofgem requires all energy companies to tell their customers the sources they use for their electricity.

The fuel disclosure for April 2015 to March 2016 is as follows:

Energy Source Electricity supplied by Octopus Energy Average for the UK (for comparison)
Coal 1% 17.00%
Natural Gas 1% 32.30%
Nuclear 1% 23.70%
Renewables 97% 24.30%
Other Fuels 0% 2.50%
Total 100% 100%

Current Octopus Energy tariffs

Tariff Name Variable Tariff Fixed Rate Tariff Exit Fees
Flexible Octopus Yes No No exit fees
Green Octopus No Yes No exit fees
Octopus 12M Fixed No Yes No exit fees
Super Green Octopus No Yes No exit fees

Compare Octopus Energy

It’s quick and easy to compare Octopus Energy tariffs with Utility Saving Expert.

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