📊
New
January 2026 Energy Price Cap: How to Save £50 When You Switch
The price cap is now £1,758. Here's how to beat it and get £50 credit.
Read More →Join over 8 million UK households already saving on their energy bills. Octopus has never charged the full price cap. Click our referral link and get £50 credited instantly.
Get £50 Credit Now →*The £50 credit normally appears 4–6 weeks after your switch completes and your first Direct Debit is taken.
Does the £50 credit really appear?
Yes — it's applied after your first bill once your switch completes.
Do I need a code?
No — clicking the link automatically applies the referral.
Can I add the referral afterwards?
No — the referral must be used before you start signing up.
Octopus Energy Referral Code (January 2026)
Use the button above. This ensures the £50 credit is automatically applied to your account. You cannot type the code manually.
Enter your postcode, choose your tariff, and complete the simple online form. It takes about 5 minutes.
Once your switch is complete and your first Direct Debit is taken, £50 will be automatically credited to your account.
I'm Sarah — a real Octopus Energy customer. I used this exact referral link myself to get £50 credited to my account, and I created this guide so anyone can save money with confidence.
Get £50 added to your account as soon as your switch completes. Real money off your winter bills.
Octopus is the only large supplier to never charge the full price cap. Save even more on top of your £50.
Rated excellent on Trustpilot with 700,000+ reviews. Which? Recommended 5 years running.
All electricity comes from renewable sources. Good for your wallet and the planet.
Octopus Energy is highly rated by customers and has won industry recommendations. Many reviews highlight great service, fair pricing, and renewable energy support.
Octopus Energy does not currently offer specific key worker, NHS, or blue light card discounts on energy tariffs. However, all customers can benefit from:
The £50 referral credit is equivalent to roughly 3% off an average annual bill.
If you're finding it hard to pay your energy bills, help is available through Octo Assist, a £30 million support fund:
Contact Octopus Energy directly, or call the independent Energy Helpline for free advice:
The price cap is now £1,758. Here's how to beat it and get £50 credit.
Read More →Step by step instructions for switching your gas and electricity supplier.
Read More →Everything you need to know about how referral codes work.
Read More →An honest review covering pricing, service, and value.
Read More →Join 8 million happy customers. Octopus never charges the full price cap.
Get £50 Credit Now →For more real money-saving referral guides I use personally, visit my hub: saveswithsarah.com
The current working referral code is spiky-eel-111. You must click the referral link at share.octopus.energy/spiky-eel-111 to get £50 credit. The code cannot be typed manually on the Octopus website.
The energy price cap from January to March 2026 is £1,758 per year for a typical dual fuel household paying by Direct Debit. This is a slight increase of about 0.2% from October 2025. Octopus Energy has never charged the full price cap and typically offers rates below this maximum.
Yes. Octopus Energy is the only large supplier to have never charged the full Ofgem price cap. Their Flexible Octopus tariff is typically around £15 cheaper than the cap, and their 12 month fixed tariffs are currently around 5% below the price cap with no exit fees.
January is an excellent time to switch. The price cap has increased slightly, but Octopus Energy offers rates below the cap. By switching now with a referral code, you get £50 credit to help with winter bills when energy usage is highest. The switch takes about 2 to 3 weeks.
You receive £50 credit for domestic customers or £100 credit for business customers. The credit is applied directly to your Octopus Energy account.
No, you cannot type the code manually. You must click a referral link for the credit to apply. Click share.octopus.energy/spiky-eel-111 and the £50 is automatically tracked and credited to your account.
The £50 credit appears on your account within a few weeks after your switch completes and your first Direct Debit payment is processed. The switch itself takes 2 to 3 weeks.
Octopus Energy is rated excellent on Trustpilot with over 700,000 reviews and has won multiple Which? awards for customer service, 5 years running. Over 8 million UK households have chosen Octopus Energy, making it the UK's largest energy supplier.
Octopus Energy does not currently offer specific key worker or NHS discounts. However, all customers can benefit from the £50 referral credit, rates below the price cap, and the Octoplus rewards programme which offers free electricity sessions and other perks.
Octopus Energy offers Octo Assist, a £30 million support fund including payment plans, hardship funds, free electric blankets, and help accessing the Warm Home Discount (£150 off). Contact them directly or call the independent Energy Helpline on 0800 074 0745 for free advice.
No, referral codes are only for new customers switching to Octopus Energy. Once you're a customer, you get your own referral code to share with friends and family. Both of you get £50.
No, the £50 credit does not expire. It stays on your account and is used to reduce your energy bills until it runs out.
No, your energy supply continues without interruption. The switch happens behind the scenes with no engineer visits required for a standard switch.
Yes, you can switch if you pay the energy bills directly. If your landlord pays the bills and includes energy in your rent, they would need to make the switch.
Yes, Octopus Energy offers free smart meter installation. Smart meters send automatic readings, so you only pay for what you use and can access smart tariffs with potential additional savings.