Octopus Energy Drops Fixed Power Tariff Until November 5

Octopus Energy has dropped its fixed power tariff to 0.1848 euros per kilowatt-hour under a 24-month plan available until November 5, 2026, according to reports, bringing relief to households as wholesale electricity costs fluctuate.

The reduction brings the price of raw electricity down from the previous 0.1925 euros per kilowatt-hour. This adjustment represents a roughly four percent drop on the commodity cost alone. For a household consuming 2,700 kilowatt-hours annually, the shift saves approximately 20.79 euros on the base energy charge before taxes and additional fees are applied. According to Tuttoapp-android, the monthly commercialization fee remains steady at six euros for electricity.

Wholesale Energy Prices Rise as Fixed Plans Offer Alternatives

The rate cut arrives as wholesale energy indicators climb. Tuttoapp-android noted that the PUN Index GME for November 4, 2026, rose to 0.28219 euros per kilowatt-hour, marking a 3.12 percent increase over the previous day’s figure of 0.27365 euros per kilowatt-hour. In parallel coverage, HDblog.it highlighted that the supplier’s 12-month fixed plan carries a higher electricity price of 0.2167 euros per kilowatt-hour and a gas rate of 0.99 euros per standard cubic meter, lacking the lower pricing found in the 24-month option.

HDblog.it also reported that the Octopus Fissa 24M plan includes a 90-euro early withdrawal fee if customers terminate the contract prematurely. For those seeking flexibility without exit penalties, HDblog.it pointed to the Octopus Flex index-linked alternative. That variable plan prices electricity at the single-hour PUN plus a 0.0088 euro spread per kilowatt-hour, while gas is tied to the PSVDAm benchmark plus 0.06 euros per standard cubic meter.

Referral Links Secure Thirty Euro Credits Before Deadline

While the electricity component sees a downward adjustment, the raw gas commodity rate under the 24-month fixed plan remains unchanged at 0.85 euros per standard cubic meter, with a monthly commercialization fee of seven euros, as detailed by Tuttoapp-android. Customers signing up for these plans before the November 5 deadline can also utilize referral links to secure a 30-euro credit applied to their initial utility invoice.

The transition deadline on November 5, 2026, marks the cutoff for requesting these specific pricing conditions.