Quick Answer: Is Octopus Energy Any Good?

Is Octopus a good energy supplier?

Octopus Energy reviews from customers were so positive that the supplier also scooped up the Energy Supplier of the Year Award for 2020, pulling out an Overall Customer Satisfaction score of 92% in the survey..

Does octopus energy do smart meters?

Do I have to have a smart meter? No, you don’t have to have a smart meter installed. We heartily recommend you do, though, as they’ll save you a lot of time and hassle, and can even help you use less energy and at cheaper times.

How do I cancel octopus energy?

If you want to cancel your Octopus Energy bill, you can do so via email or website within the 14 days following the date you submitted your Application to switch to them. If you want to switch, your new supplier will do this for you. Email hello@octopus.energy and ask them to cancel your account.

Is bulb a cheap energy supplier?

Bulb Energy supplies 100% renewable energy. It’s one of the cheaper providers, consistently scores highly on customer service, and there are no exit fees. Plus you get £50 if you refer a friend. There’s every reason to switch to Bulb.

Is Octopus energy safe?

Thanks to Ofgem’s safety net, even if your supplier goes out of business, your gas and/or electricity supply will never be cut off or interrupted. All UK energy suppliers are regulated by Ofgem.

Is Octopus energy cheaper than British Gas?

For Octopus, our standard variable tariff is currently about £121 cheaper than British Gas. That’s £923 vs £1044 for a medium user. … So even if we were obligated, and passed all of that on to our customers, we’d still be £81 cheaper than British Gas.

Does octopus Energy pay exit fees?

14.1 If you are moving and request us to supply Energy to your new premises, we will cancel your existing Contract and provide a new Contract appropriate to your new premises. We will not charge a termination fee.

How does Octopus energy rate?

Octopus 12 Months Fixed Electricity unit rate 12.77 pence per kWh and standing charge 18.90 pence per day. Economy 7 electricity day unit rate 14.49 pence per kWh, night unit rate 7.76 pence per kWh and standing charge 18.90 pence per day.

Is Octopus energy still trading?

Octopus Energy was established in August 2015 as a subsidiary of Octopus Capital Limited. Trading began in December 2015. … Later in 2018, Octopus gained the 100,000 customers of Iresa Limited, under Ofgem’s Supplier of Last Resort process, after Iresa ceased trading.

Is Octopus energy better than bulb?

Bulb vs Octopus: verdict Overall, if value for money or green energy are most important for you, we think Bulb wins (just). But if you’re looking for the very best customer service, or want a choice of tariff, Octopus is your best bet.

Who is the cheapest green energy supplier?

OutfoxOutfox the Market is the cheapest green energy supplier available.

Is Octopus energy cheap?

Octopus Energy topped the charts for a second year running. … It offers customers a wide range of tariffs, including an electricity deal using 100% renewable energy. Its deals are also some of the cheapest in the UK, and switching is made easy as none of their tariffs charge exit fees.

Who is the owner of Octopus energy?

Octopus GroupOctopus Energy/Parent organizations

Who is the cheapest energy supplier in the UK?

The cheapest energy suppliersSupplierAnnual costCheapest VariableOutfox the Market£847.72Cheapest FixedAvro£897.23Cheapest Big SixScottish Power£970.88Sep 20, 2019