Octopus Energy’s 12 month fixed tariff sits in the same bracket as other mainstream fixed deals from the big suppliers, aimed at people who want bill predictability rather than chasing tracker or agile rates. Fixing can make sense when you want to lock in unit prices and standing charges for a year, especially if you are wary of future rises, but it can feel restrictive if wholesale prices fall.
Who is this fixed tariff likely to suit?
If your household values stable monthly budgeting, a 12 month fix removes a lot of uncertainty. It is also worth weighing up if you have higher usage, since the unit rate drives most of the bill, while the standing charge matters more for low usage homes. Check any exit fees and compare against your current tariff and recent bills before switching.
- Electricity: 32.86p per kWh, standing charge 46.66p per day
- Gas: 8.97p per kWh, standing charge 5.99p per day