Find out about the latest electric smart tariffs and save money on your bill.

Overview

This website provides data from Octopus Energy to show the current prices for some of the most innovative smart tariffs. We provide tables and graphs of prices for the Agile Octopus, Octopus Go, Go Faster and Outgoing Agile tariffs. We also provide all the data for download in a CSV file

We have added tools to Calculate 49 days before a date to find when you can switch tariff without penalty, find your electricity region and find the best time to use and appliance or charge your electric vehicle.

Supply of electric power.

The demand on the grid varies constantly, day and night, hour by hour, and has to be balanced by the production of electricity. Some traditional generating capacity takes time to bring on line and some renewables depend on the current weather conditions. A spot price for every half an hour is produced based on expected supply and demand. If high demand is forecast then the price rises; conversely if a surplus of energy is expected the price will drop, sometimes to a negative value. The new Octopus Energy Agile tariffs are directly related to these half hourly spot prices.

Yes, you could be paid to consume electricity!

The record low Agile Octopus price was -12.33 p/kWh (including VAT) on Saturday, 23 May 2020 in Northern Scotland region.

The smarter grid.

As demand for electricity increases the grid will either need to be upgraded at great expense to us all, or we will need to use the grid in a smarter way. Generating electricity perhaps using solar, wind turbines and or biomass close to the consumers reduces long transmission lines. If we can reduce peak demand by smart scheduling of loads the grid will have greater resilience.

The smarter grid should deliver cheaper energy for consumers as well as being 'greener' by accommodating more renewable generation.

The grid needs to be built for the highest peak loads, if consumers are able to adjust loads on the grid away from the peak times the demand curve is flattened and the grid is not overloaded.

By reducing our use of appliances and not charging electric vehicles during the peak hours of 4pm to 7pm, we can both protect the grid and save money.

Time of Use Tariff.

A few years ago, the only time of use tariffs were economy 7 which provided cheaper electricity for 7 hours off peak and economy 10 which had off peak pricing at set times afternoon and overnight. Now with more modern technology the concept has been expanded to have different pricing for each 30 minutes.

Octopus Energy have produced the first smart time of use tariff which features 30 minute pricing. Prices are published at about 4:30pm for the following day, so you can plan your future consumption, Octopus Energy can even send you an email alert when the Octopus Agile price dips below zero!

See the Latest Agile Octopus prices.

The half hourly price is made up of the real price of electricity that Octopus Energy forward buy and a factor for distribution and overheads. During the period 4pm to 7pm a supplement (11 to 14p/kWh depending on region) is added to reduce demand. The price is capped at 35p/kWh to protect the consumer from extreme price spikes.

To find your relevant tariff you will need to determine which region is responsible for your supply. Find your region by entering your postcode on this page.

Click on the 'Agile Prices' menu above and select your region, to show the latest Octopus Energy prices and graph.

If you want to analyse what your smart bill would be based on your historical consumption - download a file of all prices for your region. From the 'Download Data' menu, select your region.

The latest Octopus Go / Go Faster prices.

The Octopus Go tariff is great value for electric vehicle drivers. The Go tariff has a cheap period for four hours (00:30 and 04:30 local times) every night where the price is 5p/kWh (including VAT) and a fixed price for the remainder of the day.

The Go Faster tariff allows greater flexibility to choose both the duration and start time of the cheap period, see the table below for allowed start time and duration combinations.

Start Time Duration
3 hours * 4 hours 5 hours
20:30
21:30
22:30
23:30
00:30 GO
01:30
02:30
03:30
Cheap Price 4.5 p/kWh 5.0 p/kWh 5.5 p/kWh

* 3 hours duration was only available for contracts prior to 23 September 2021

The times are local and VAT is included.

During the cheap period the same rate applies to any other electrical usage so use timed start on your immersion heater, dishwasher, washing machine or tumble drier!

The price for remaining hours is fixed, to find the price, standing charge and graph for your region click on the 'Go Prices' menu above.

Octopus Outgoing.

Since the government's feed in tariff (FIT) for new installations came to an end in April 2019, Octopus Energy have introduced the UK's first smart export tariff. You can choose either a fixed unit price or an agile one where the price varies according to the grid supply and demand. With these tariffs you will be paid for measured exports.

If you have an existing system will have to give up your 50% deemed export payments (but, keeping your generation payments) and judge if the amount you expect to export is more than the assumed 50% before changing.

A battery system could store your produced energy and then export to the grid at the time of the best price(s), you could even fill the battery at the low price point using the agile tariff and export back during peak demand, although the present cost of batteries would need a long payback period!

See the latest prices on our Agile Page for your region. We also have historical Agile Outgoing prices on our download page.