Shocking Drop: Netizens React As Octopus Energy Cuts Its Fixed Tariff Rates By A Whooping 7%

For Netizens who have always been trying to be up to date with the latest news in the United Kingdom energy market, then you are not a stranger to the regular price fluctuations, especially in regards to energy. 

However, this time, a major change has been observed from the widely recognized energy organization, Octopus Energy, which refused to follow the same trend of its competitors by cutting off its fixed tariff rates by a whopping 7% less than the October Energy Price Cap. 

This change has left a lot of consumers curious as to why the energy company has offered such a drastic reduction in its price. 

The @OctopusEnergy fixed changed yesterday. It's now 7% below the October Cap.

I've got two difference audiences on X v Tiktok but without doubt my followers on TT are getting it!

Had messages all yesterday say they get it now!

It's only one more leap to a smart tariff ;-)… pic.twitter.com/eEaxdsxIgz

— Sarah Go Green💚 (@sarah_go_green) September 25, 2024

What is The Octopus Energy All About? 

Established in 2015, Octopus Energy is an energy company designed to provide electricity that comes from the sun, wind, and sea. The energy organization is known for its immense contribution to modernizing the energy industry. 

Octopus Energy is one of the UK’s fastest-growing green energy suppliers, and they pride themselves on both their ethical approach to business with a commitment to sustainability as well as a high standard for fair pricing, which is evident with the recent developments.

The Impact of the Price Change 

Following the price change, there have been a lot of positive reactions from Netizens. Octopus Energy, which specializes in green energy and simple tariff plans, has once again proved its willingness to create fairly priced products for the public. 

This will ensure that people in the United Kingdom can now enjoy a lower energy price which has made Octopus Energy more competitive in the energy market. 

Netizens Reactions To The Recent Development.

Following the news of the price reduction, a lot of Netizens have gone out to express their reactions to the developments. 

Below are some reactions from Netizens:

“There are plenty of good deals out there apart from 🐙- it all depends on who you are with & exit fees etc & if it’s even viable for you to “ change supplier “ – maybe you are happy with who you’re with. The rates went down yesterday by the way …”

“August Fix v1 was the absolute sweet spot. Very pleased I changed over then! Standing charges still 🤢 making up half my bill, no joke.”