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Octopus Energy keeps prices below the cap as energy bills rise again – and calls on government to slash unnecessary costs

Octopus Energy

Following today’s announcement from Ofgem that the energy price cap will rise by £221 a year from July – an increase of 13% – Octopus Energy is reaffirming its commitment to keeping energy bills as low as possible for households.


While the price cap sets the maximum rate suppliers can charge for standard variable tariffs (SVT), Octopus Energy has consistently priced its SVT, Flexible Octopus, below the price cap – saving customers £166 million since the last energy crisis.


Customers looking to beat the price cap can switch to several bill-slashing tariffs today.


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