About This Offer
Switch your home electricity, or gas and electricity, to Octopus Energy using a referral link and you will receive £50 credit on your account. The referrer gets the same, so it is a genuine win-win rather than a one-sided promo.
Octopus also promotes Octoplus, its rewards scheme for eligible smart-meter customers. The exact partner perks can change, but Octopus currently highlights extra value from app-based rewards, savings events, and partner offers.
The Rewards in Full
£50 Referral Credit
- Credited to your Octopus account once you are live on supply and your first direct debit clears
- Applies to both the new customer and the person who referred them
- Cannot be combined with cashback from switching sites - use the referral link directly
Octoplus Rewards
Octopus says Octoplus gives the average customer around £270 of value through a mix of savings events and partner offers. Examples currently mentioned on official Octopus pages include:
- A free weekly Greggs hot drink
- 2 for £10 ODEON cinema tickets
- Extra value from Saving Sessions and other account-based rewards
Those offers can change, so treat them as live examples rather than permanent guarantees.
Octoplus Eligibility
To access Octoplus rewards you need:
- An electricity account with Octopus (gas-only does not qualify)
- A smart meter with half-hourly readings enabled
- Direct Debit as your payment method
Most homes being switched to Octopus will meet these requirements, or Octopus can help with smart meter setup where appropriate.
Why Octopus Energy?
Octopus Energy is consistently rated as one of the best energy suppliers in the UK:
- Multiple award-winning for customer service
- Transparent pricing with no hidden fees
- Smart tariffs available - including Agile Octopus for households with solar or EVs
- Easy app for tracking usage, managing your account, and claiming rewards
How the Switch Works
Switching energy suppliers in the UK is straightforward and handled almost entirely by Octopus:
- Get a quote via the referral link
- Choose your tariff and enter your details
- Octopus contacts your current supplier and arranges the switch
- The switch completes within a few weeks - you do not need to do anything
- Your direct debit is set up automatically
You will not experience any interruption to your energy supply during the switch.
Decision Checklist
Before using a referral link, compare the account on total value, not just the £50 credit:
| Question | Why it matters |
|---|---|
| Is the tariff competitive for your usage? | A £50 credit can be wiped out by a worse tariff |
| Are you signing up directly through Octopus? | Third-party switching routes may not stack with referral credit |
| Do you pay by Direct Debit? | The referral credit is linked to your first direct debit being taken |
| Do you have a smart meter? | Octoplus rewards are strongest for eligible smart-meter customers |
When the Credit Arrives
The practical sequence is usually:
- You request the switch using the referral link.
- Octopus confirms the tariff and switch date.
- Your supply moves over.
- Your first monthly direct debit is taken.
- The £50 referral credit is added to the Octopus account.
Do not budget for the credit as cash in your bank account. It reduces your energy account balance instead.
Is It Worth Switching?
The £50 credit is straightforward, and the extra value from Octoplus can make the account more attractive if you are already happy with the tariff. Unlike a one-off bank switch bonus, some of the ongoing value comes from staying with the supplier and using the rewards.
Even ignoring the rewards, it is worth comparing your current tariff - many people overpay by staying on a standard variable rate with their existing supplier.