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Electricity Companies

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Octopus Energy

Updated: 02/07/2024

Octopus Energy Logo

Provider Snapshot

  • Founded: 2016
  • Headquarters: London, United Kingdom
  • Customers: 2 Million+ UK Customers
  • Service Areas: TX
  • Provider Score™: 4.05/5 

Energy Options

  • Electricity Plans
  • 100% Renewable Plans
  • Smart Home Bundles
  • Business Electricity

Founded in 2016, Octopus Energy is a UK-based electricity provider looking to shake things up in the Texas energy market. That's because this renewable energy provider is really a tech company, allowing it to eliminate costly inefficiencies and pass the savings on to the consumer.

After supplying over 5 million customers across nine countries, Octopus Energy is now live in the USA. With 100% renewable energy plans, they are on a mission to make green energy affordable for all. They offer smart-energy plans that fit any budget, proving that going green doesn’t have to be expensive. With transparent and straightforward plans, you always know what the deal is.

Got an EV, smart thermostat, or home battery? Hook them up to Intelligent Octopus and save even more. Octopus Energy is all about bringing renewable energy to the masses without the hassle or the high costs.

Octopus Energy Reviews and Ratings

Octopus Energy Provider Score: 4.05/5

Octopus Energy serves Texas customers with 100% renewable energy plans combined with a unique variety of home add on features to streamline your homes efficiency.

Rate Offering: 5.0/5
Octopus has created green energy plans that are affordable for all. Got an EV, smart thermostat, or home battery? Octopus offers add ons that support today’s high tech home saving you time and money.

Customer Support: 3.0/5
When you need them, they are there for you. Day or night. You can reach out to customer support via their call center, live chat or email 24/7.

Business History & Community Outreach: 3.0/5
Founded in 2016, Octopus has been serving customers across 9 countries and now has entered the Texas electricity market. They have emerged as an energy tech pioneer with the mission to provide affordable, clean energy to all.

Online Customer Reviews: 4.8/5
As an international energy compnay they have earned the trust of U.S. and European residents alike. Amassing over 230,000 5 star reviews on TrustPilot.

Octopus Energy Offerings

  • Fixed Rate Plans: Octopus Energy is an electricity provider that exclusively offers renewable energy plans. Its fixed-rate plans allow you to lock in your electricity supply rate for up to 12 months.
  • Time-of-Use Plans: Other Octopus plans include a time-of-use plan for electric vehicles offering lower rates at night to charge your carand a custom rate plan based on your past usage.
  • Intelligent Octopus: This first-ever integrated smart device management rewards customers with a $10 monthly credit to help control grid overload when the demand for energy is high. So long as your device remains connected, Octopus Energy will send a temperature hold that raises your thermostat setting by 3 degrees for a maximum of 2 hours to decrease usage. After which, your thermostat automatically adjusts back to the original setting. This capability is currently only available to customers with an Ecobee smart thermostat.
  • Solar Buy-back: If your home has solar panels, Octopus will use your two-way electricity meter to buy back any overproduction your panels produce. The excess power is sold back to the grid, and at the end of the month, you will receive a check for the energy sold back to the grid.

Why Choose Octopus Energy

100% Renewable Plans With No ETFs

All of Octopus's electricity plans are sourced from 100% renewable energy, have a fixed base charge of $10 a month, with no usage credits or minimum usage fees and have no early termination fees. The latter is particularly notable, considering many electricity providers have ETFs of $150 or more for their fixed-rate electricity plans.

Product Innovation

Octopus Energy has an array of technological advancements it's bringing to the industry. Of particular note is Kraken, its resource management system that efficiently routes renewable energy to 17 million customers in 12 countries.

However, Kraken isn't the only new technology that Octopus has brought to market:

  • Intelligent Octopus – The Intelligent Octopus Thermostat Program is a no-brainer for saving on your energy bill. Hook up your smart thermostat and watch the savings roll inyou can pocket over $300 a year! It’s super easy; the program tweaks your thermostat at key times to help out the grid and your wallet. No effort is needed from you. Plus, it’s a big step towards a greener planet.
  • Intellignet Octopus for EV – The Intelligent Octopus EV Program is a game-changer for electric vehicle owners. It smartly schedules your home EV charging for the cheapest and greenest times. EV drivers can expect to save between $400 to over $1000 yearly on their energy bills. Setup is a breeze, and you can optimize your charging with just a few taps. This program not only cuts your expenses but also supports a cleaner environment.
  • Octo GridBoost – The Octo-GridBoost Program is a smart solution for homeowners with rechargeable batteries, offering them $40+ a month ($480 annually). This innovative program is designed to enhance grid resilience by utilizing the full potential of home batteries without any extra hassle for the homeowner.

    By signing up, customers contribute to a stronger, more reliable grid and get rewarded for it, making it an effortless way to earn while supporting renewable energy efforts.

  • Octopus Energy Fan Club– When you join the Octopus Energy Fan Club, you turn Texas wind power into cash savings. Members get discounted rates when local turbines are spinning, slashing bills and boosting green energy use. It’s a simple sign-up, promising not just savings but extra benefits and a firm commitment to cleaner power for all.

Octopus Renewable Energy Plans

Octopus is a renewable energy provider that exclusively offers renewable energy plans. These plans ensure that no matter how much electricity you use, an equal amount of electricity enters the electric grid.

However, renewable energy plans don't make all the electricity you use renewable. This is because when renewable energy is generated, it gets mixed up with all the other electricity that's generated.

In order to keep track of the renewable energy, providers offering renewable energy plans purchase renewable energy certificates (RECs) on the consumer's behalf. These unique certificates are generated whenever a renewable energy generator sends 1 megawatt-hour of electricity to the grid. Generators then sell these credits as renewable energy to support their operations.

Put simply, switching to a renewable energy plan directly supports renewable energy generators. And with the falling price of renewables, these electricity plans have become cheaper than ever.

Renewable Energy Credits. Infographic explaining how renewable energy credits work.

Comparing Electricity Rates in Texas

If you're comparing electricity rates in Texas, it's important to go over the steps that all Texans should take prior to enrolling:

  1. Understand Your Electric Consumption – In Texas, your effective electricity rate for any plan is dependent on how much electricity you use. Examine each plan's Electricity Facts Label (EFL) to find the plan that fits your usage.
  2. Enter Your ZIP Code Above & Compare – To compare multiple providers and plans available to you side by side, use's shopping platform. Tiler, your AI-powered rate assistant, can help you find a plan that fits your needs.
  3. Switch & Save – Once you've found the best electricity plan for you, fill out the necessary information and make the switch. This process is free, safe and secure on It will only take a few minutes.

Octopus Contact Information