Great news for energy users! Octopus Energy has taken a significant step by becoming the first major supplier to confirm that the proposed £150 energy bill saving from the recent Autumn Budget will be passed on to all of their customers—including those currently locked into fixed-rate tariffs.
A Win for Fixed-Rate Customers
Previously, there was widespread concern that the government’s policy change, aimed at cutting energy costs, would only benefit customers on standard variable tariffs, leaving those who had fixed their rates out in the cold.
Octopus Energy has definitively answered that concern. They have announced that all variable and fixed tariffs will be reduced from April 1, 2026, to reflect the change in policy costs. This move is a huge win for consumer fairness and demonstrates a commitment to customer-first service.
The savings will be applied automatically to your bill, though the supplier is awaiting the final technical details from the Government on how the mechanism will work.
Where Does the £150 Saving Come From?
The estimated £150 saving per year for an average household in England, Scotland, and Wales is the result of national policy changes announced in the budget. Specifically, the saving is achieved by:
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Ending the Energy Company Obligation (ECO) scheme in March 2026.
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Reducing the household contribution to the Renewables Obligation (RO) scheme from April 2026.
These are “green levies” or policy costs that are currently factored into your energy bills. By removing or reducing them, the underlying cost of energy drops, and Octopus Energy is ensuring that every customer, regardless of their tariff type, benefits fully.
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