In today’s challenging financial landscape, finding genuine ways to reduce household expenses is more important than ever. While many suppliers offer generic advice, Octopus Energy puts its money where its mouth is, providing both cost-saving tips and innovative programs that pass savings directly back to you.
We’ve compiled the eight essential strategies straight from Octopus Energy that can cut hundreds of pounds off your annual bill. Best of all? You can start your savings journey with an instant £50 credit just for joining!
Read on to discover the 8 proven ways to save, and learn how to claim your bonus using our exclusive referral link.
The Octopus Savings Blueprint: 8 Essential Ways to Reduce Your Energy Costs
Octopus Energy’s strategy for helping customers save money relies on a mix of administrative simplicity, behavioral changes, and cutting-edge technology. Implementing these eight steps ensures you’re getting the best value for your money.
1. Set Up a Direct Debit: Save Around £93/Year
This is the simplest way to save immediately. Octopus offers a discount on your unit rates when you pay by Direct Debit, as it reduces their administrative costs. The average home on the Flexible Octopus tariff saves around £93 a year just by choosing this payment method. You can choose to spread payments evenly over 12 months or set up a variable Direct Debit to pay your exact bill each month.
2. Get a Smart Meter: Unlock Hundreds in Potential Savings
A smart meter is the gateway to modern energy savings. It eliminates estimated billing and provides real-time data, but its true value is the access it grants to smart tariffs and rewards schemes. Without a communicating smart meter sending half-hourly readings, you cannot join the most lucrative programs offered by Octopus.
3. Save Your Energy: Quick Home Tweaks for £400+
Small changes add up quickly. Octopus highlights three quick-win behavioral changes that provide substantial cumulative savings:
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Turn Down Your Boiler’s Flow Temperature: Reduce this setting (often found under the boiler cover) to between 55°C and 60°C. This enables the boiler to run more efficiently in “condensing mode” and can save you around £54 a year without sacrificing warmth.
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Air Dry, Don’t Tumble Dry: The tumble dryer is an energy guzzler. Ditching it in favor of a clothes horse or line can save approximately £50 a year.
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Swap to LED Bulbs: LEDs use 70–80% less electricity than older bulbs, potentially saving £4–£10 per bulb, per year.
4. Get Free, Personalised Home Energy Advice
You can use the Government’s free online tool to get personalized advice based on your home’s Energy Performance Certificate (EPC). This generates tips specific to your property—from double-glazing to better insulation—ensuring you focus your efforts on changes that will make the biggest difference.
5. Check You’re on the Best Tariff
Octopus offers more than just the standard variable tariff (Flexible Octopus). They will proactively notify you if you could save money on a different plan. Specialized tariffs include:
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Octopus Tracker: Prices fluctuate daily with the wholesale market, often resulting in rates 30-40% cheaper than standard tariffs.
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Intelligent Octopus Go: Ideal for Electric Vehicle (EV) owners, offering drastically cheaper electricity rates during off-peak hours for charging.
6. Take Part in Saving Sessions: Get Paid to Save
Exclusive to smart meter customers, Saving Sessions reward you for reducing your electricity usage during short periods of peak grid demand. By shifting usage (like delaying the dishwasher), customers have collectively earned over £10 million in rewards. It’s an active way to lower your bill and promote a greener grid.
7. Get More Value with Octoplus: The Free Rewards Programme
Octoplus is Octopus Energy’s free customer rewards program, accessible to all smart meter users. It offers perks that can add up to £271 in value annually, including:
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Weekly free hot drinks at popular cafes (e.g., Greggs or Caffè Nero).
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Exclusive discount offers and giveaways.
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The chance to earn Free Electricity when green power is abundant on the grid.
8. Keep in the Loop
Octopus frequently launches new money-saving tariffs and products (like heat pump and solar incentives). Make sure your email preferences are updated to receive notifications about new ways to save and follow their social media channels to stay informed.
Kickstart Your Savings: Claim Your £50 Referral Credit!
Switching to Octopus Energy means securing fair prices, top-rated customer service, and access to all these innovative ways to save.
The easiest way to begin is by using a referral link. As a thank you for joining their customer base, Octopus offers a £50 switching bonus to both you and the referrer. It’s a guaranteed reward that acts as an immediate credit on your energy bill.
Use the referral link below to switch to Octopus Energy today and claim your £50 credit: