Octopus Energy Smart Tariffs: A Guide to Off-Peak Savings

Octopus Energy is a leading energy supplier that has gained a reputation for offering innovative energy solutions to its customers. One of their most popular offerings is their Smart Tariffs, which are designed to help customers save money on their energy bills by taking advantage of off-peak hours. In this blog post, we’ll take a closer look at Octopus Energy Smart Tariffs and how they can benefit you.

What are Octopus Energy Smart Tariffs?

Octopus Energy Smart Tariffs are a range of energy tariffs that use smart meter technology to help customers save money on their energy bills. With Smart Tariffs, the price of electricity varies depending on the time of day, with lower rates during off-peak hours and higher rates during peak hours. This incentivises customers to use electricity during off-peak hours when the cost is lower, which can help to reduce the overall cost of their energy bill.

There are three main types of Octopus Energy Smart Tariffs: Agile Octopus, Go Faster, and Octopus Go. Let’s take a closer look at each of these tariffs.

1. Agile Octopus Agile Octopus is a tariff that offers real-time pricing based on the wholesale cost of electricity. The price of electricity changes every half-hour, depending on the demand for electricity at that time. Customers are notified of the price changes via email or SMS, and they can choose to reduce their energy usage during peak hours or shift it to off-peak hours when the price is lower.
2. Go Faster Go Faster is a tariff that offers lower rates during off-peak hours, from midnight to 4 pm. This tariff is ideal for customers who use a lot of energy during the day, such as those who work from home or have electric vehicles.
3. Octopus Go Octopus Go is a tariff designed specifically for electric vehicle owners. It offers a fixed rate of 5p per kWh for four hours every night, from midnight to 4 am. This allows customers to charge their electric vehicles at a low cost, without having to worry about the time of day or the cost of electricity.

Benefits of Octopus Energy Smart Tariffs

1. Lower Energy Bills The main benefit of Octopus Energy Smart Tariffs is that they can help customers save money on their energy bills. By using electricity during off-peak hours when the cost is lower, customers can reduce the overall cost of their energy bill. According to Octopus Energy, customers who switch to Smart Tariffs can save up to 50% on their energy bills.
2. Encourages Energy Efficiency Smart Tariffs encourage customers to be more energy-efficient by shifting their energy usage to off-peak hours when the cost is lower. This can help to reduce the overall demand for electricity during peak hours, which can reduce the strain on the energy grid and promote energy sustainability.
3. Easy to Manage Smart Tariffs are easy to manage, thanks to smart meter technology. Customers can monitor their energy usage in real-time and receive notifications about price changes. This allows them to adjust their energy usage accordingly, without having to guess when the best time to use electricity is.
4. Competitive Prices Octopus Energy is also known for its competitive prices. In fact, they were rated as the cheapest energy supplier in the UK by consumer group Which? in 2018, 2019, 2020, 2021, 2022. So, you can switch to renewable energy without having to pay more for it.

Conclusion

Octopus Energy Smart Tariffs are a great way to save money on your energy bills while promoting energy efficiency and sustainability. By taking advantage of off-peak hours, customers can reduce their overall energy costs and reduce the strain on the energy grid during peak hours. With three different tariffs to choose from, there’s a Smart Tariff to suit every energy usage pattern. So why not switch to Octopus Energy Smart Tariffs today and start saving money on your energy bills?

Octopus Energy offers a range of tariffs that cater to customers who have switched to renewable energy, including those with solar PV, solar thermal, air source heat pumps, and battery storage. The Agile Octopus tariff is a unique offering that provides real-time pricing based on the wholesale cost of electricity, allowing customers to take advantage of lower prices during off-peak hours. Customers are notified of price changes every half-hour and can adjust their energy usage accordingly to save money. The Go Faster tariff is designed for customers who use a lot of energy during the day, offering lower rates during off-peak hours, making it an ideal option for those with solar thermal or air source heat pumps. For electric vehicle owners, Octopus Energy offers the Octopus Go tariff, providing a fixed rate of 5p per kWh for four hours every night, allowing customers to charge their vehicles at a low cost. These tariffs provide customers with more flexibility and control over their energy usage, helping them save money and reduce their carbon footprint while benefiting from renewable energy sources.

To find out how much you can save with octopus energy click here.  Why not take advantage of Octopus Energy’s referral scheme and sign-up here for your £50 reward.

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