Octopus Energy business electricity rates and tariffs
Next, we'll take a look at the tariffs that this energy firm offers. They offer a variety of contracts, so you're sure to find the one that suits you and your home the best.
Their standard fixed rate tariff is a 12-month contract, and there are no exit fees if you decide to leave before the end of that 12-month period. With a fixed-rate contract, your standing charges and unit rates will stay the same throughout the 12-months.
Additionally, they offer a super green tariff. This is also a 12-month contract with no leaving fees. But, unlike the standard fixed-rate contract, carbon offsetting is utilised to make sure the gas and electricity used are carbon-neutral, making it their greenest tariff option.
The electricity that Octopus Energy supplies comes from completely renewable sources. Not many brands offer 100% green gas and electricity, so if you want to be more ec0-friendly, Octopus is one of your best options.
Their variable-rate contract, called Flexible Octopus, uses only 100% green electricity. When you choose Flexible Octopus, it means your energy prices can change depending on wholesale energy costs.
If there is a price change, you'll always be given 30 days notice. You can also switch to a fixed-rate tariff whenever you wish to keep your energy costs stable for 12 months.
There aren't any fees for switching to a different tariff or any penalties if you wish to leave Octopus Energy, regardless of which tariff you're on.
Deemed or out of contract rates
A deemed contract is a contract between you and Octopus Energy that you haven't actively agreed on. This may happen because:
- You have moved into a house that already has its energy supplied by Octopus, and you haven't switched to a new company.
- You've come to the end of your fixed-rate contract, and you haven't moved to a new tariff.
The price you pay for a deemed contract is usually not as affordable as a variable or fixed-rate contract, so it's advisable to change once you realise you're being charged deemed rates.