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Octopus Energy vs British Gas: Which Is Cheaper in January 2026?

Published 19 January 2026 | 6 minute read

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If you're choosing between Octopus Energy and British Gas in January 2026, you're comparing the UK's largest and most established suppliers. Both have their strengths, but which one will actually save you more money? I switched from British Gas to Octopus Energy last year, and here's everything you need to know before making your decision.

The Quick Answer

For most households, Octopus Energy is cheaper in January 2026. Octopus has never charged the full price cap and typically comes in around £15 cheaper than the £1,758 cap. British Gas charges the full price cap on their standard variable tariff. When you add the £50 referral credit for new Octopus customers, the savings become even more compelling.

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Price Comparison: Octopus Energy vs British Gas

The January 2026 energy price cap is £1,758 per year for a typical dual fuel household paying by Direct Debit. Here's how both suppliers compare:

Tariff Octopus Energy British Gas Winner
Standard Variable ~£1,743/year £1,758/year (full cap) Octopus -£15
12 Month Fixed ~£1,670/year ~£1,685/year Octopus -£15
Referral Credit £50 when you switch No referral bonus Octopus +£50
First Year Total ~£1,620/year ~£1,758/year Octopus -£138

Customer Service Comparison

British Gas is the UK's oldest energy supplier with a long-established reputation. However, customer service quality has varied significantly over the years. Octopus Energy, founded in 2016, has built its brand around outstanding customer service.

Octopus Energy:

British Gas:

The difference in customer satisfaction is stark. While British Gas has the advantage of being a household name with decades of experience, Octopus Energy has genuinely revolutionised customer service standards in the energy industry.

Real Experience: Why I Switched from British Gas

I was with British Gas for years because it felt safe and familiar. When I finally switched to Octopus Energy in late 2024, my January 2026 bill was £315 compared to £465 in January 2025 with British Gas. That's £150 saved in a single month, even accounting for usage patterns being similar.

Which Energy Suppliers Offer The Best Prices?

Looking beyond just these two suppliers, the most affordable energy companies in January 2026 are typically those who don't charge the full price cap. Octopus Energy consistently ranks as one of the cheapest large suppliers. Other competitive options include OVO Energy and E.ON Next, but Octopus remains the only major supplier to have never charged the maximum price cap since it was introduced.

For households looking for fixed-rate deals with predictable pricing, Octopus Energy's 12 month fixed tariff currently offers rates around 5% below the price cap with no exit fees, giving you flexibility if a better deal emerges.

Where Can I Find Energy Referral Discounts?

Energy referral schemes can significantly reduce your switching costs. Octopus Energy offers one of the UK's best referral programmes, giving both the new customer and the person who referred them £50 credit. British Gas does not currently offer a referral scheme for domestic customers.

To claim your £50 Octopus Energy credit, you must click a referral link before signing up. The credit cannot be added retrospectively, and you cannot type the code manually on their website. Use this link to ensure the £50 credit is automatically applied to your account once your switch completes.

Special Tariffs and Smart Features

Octopus Energy advantages:

British Gas advantages:

If you drive an electric car or have a heat pump, Octopus Energy's smart tariffs offer significantly better value than British Gas alternatives.

Switching Process

Both suppliers make switching straightforward. The process typically takes 2 to 3 weeks, and your energy supply continues uninterrupted. However, there are some differences:

With Octopus Energy, the entire switching process is handled online or via their app. They contact your old supplier, arrange the switch date, and keep you informed throughout. With British Gas, you can also switch online, though some customers report longer processing times.

For a detailed guide on switching to Octopus Energy, read our complete switching guide.

The Verdict

For January 2026, Octopus Energy is the better choice for most households. You'll pay less on both standard and fixed tariffs, receive a £50 referral credit when you switch, and benefit from significantly better customer service. British Gas remains a solid, established option if you value brand familiarity or need their home care packages, but purely on price and service quality, Octopus Energy wins.

The £138 first-year saving (£15 cheaper tariff + £50 credit + ongoing lower rates) makes this an easy decision for most people. If you're on the fence, remember that Octopus has no exit fees, so you can switch again if a better deal emerges.

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