Octopus Energy Referral FAQ
Everything you need to know about switching, claiming your credit and the latest price changes.
General Questions
How does the Octopus Energy referral code work?
When you click our referral link and complete your switch to Octopus Energy, £50 credit is automatically added to your new account. The referral is tracked through the link itself — you don’t need to enter a code manually. The credit typically appears within 2–4 weeks after your switch completes and your first Direct Debit payment is taken.
Is this referral link still working?
Yes. Our link was last checked on 30 September 2026, and we re-check it automatically every week. The Octopus refer-a-friend scheme has run continuously for years.
Do I need to enter a referral code manually?
No. By clicking our referral link, the code is automatically applied during sign-up. If you’re signing up by phone, you can quote the referral code warm-ant-502 to the agent.
Switching Questions
How long does the switch take?
Switching to Octopus Energy typically takes around 5 working days under Ofgem’s faster switching rules. Octopus handles the entire process — they’ll contact your old supplier on your behalf.
Will I lose my gas or electricity supply during the switch?
No. Your energy supply is continuous throughout the switch. The same pipes and wires deliver your gas and electricity — only the billing company changes.
Do I need to contact my current energy supplier?
No. When you switch to Octopus, they handle all communication with your current supplier. You don’t need to call anyone or give notice.
What if I’m currently in a fixed-term contract?
Check whether your current tariff has exit fees — these are often £30–£75 per fuel. Compare any exit fee against what you’d save by switching. You can switch without an exit fee in the last 49 days of a fixed deal.
Credit & Eligibility
When will I receive my £50 credit?
The £50 credit is typically added to your Octopus account within 2–4 weeks after your switch completes and your first Direct Debit payment has been taken.
Can I use this referral if I’m already with Octopus?
The referral credit is for new customers. If you’re already a customer, you’ll have your own referral link in your Octopus account to share with friends and family.
Do business customers get a referral bonus?
Yes. Business customers have typically received £75 credit when switching through a referral. Sign-up goes through the Octopus business site.
Does the referral credit change my tariff rates?
No. The referral gives you account credit — it doesn’t affect your unit rates or standing charges. You get exactly the same tariff as any other customer, plus the credit.
Prices & the Price Cap
What is the energy price cap right now?
For October – December 2026 the Ofgem price cap is £1,723 a year for a typical dual-fuel household paying by Direct Debit, a change of +4% on the previous quarter. The cap limits unit rates and standing charges, not your total bill. More on the price cap.
Will energy prices go up in January 2027?
Forecasts point to a rise of 16–26%, taking the typical bill to between £1,999 and £2,165 a year. Ofgem will confirm the figure in late November 2026. Use our bill rise calculator to see what it could mean for you.
Is Octopus Energy cheaper than my current supplier?
It depends on your region, usage and the tariff you pick. Octopus fixed tariffs have often been priced below the price cap. The only reliable way to check is to get a no-obligation quote with your postcode and compare it with your current bill.
Should I fix my energy tariff or stay on variable?
A fix protects you from rises for the length of the deal; a variable tariff follows the cap up and down every quarter. With further rises forecast, many people are looking at fixes. Since most Octopus fixes have no exit fees, you can usually leave if prices fall. Our should I fix guide walks through the pros and cons.