Cash professional Martin Lewis has shared his views on the upcoming Octopus Power tariff improve for Octopus Go and Clever Octopus Go prospects
Martin Lewis replied again to a buyer on social media (Picture: Getty)
MoneySavingExpert (MSE) founder Martin Lewis has shared his ideas on a forthcoming value rise affecting sure Octopus Power prospects. The vitality supplier has knowledgeable prospects of a value improve for each the Octopus Go and Clever Octopus Go (IOG) variable tariffs, which can come into impact from Might 1, 2026.
The in a single day fee for Clever Octopus Go is ready to climb to six.9p/kWh. The rise was introduced on 20 April, giving prospects roughly 10 days’ discover. However, even with the Might 2026 adjustment to six.9p/kWh, it stays significantly beneath the usual nationwide common, stories the Mirror.
We use your sign-up to supply content material in methods you have consented to and to enhance our understanding of you. This may increasingly embrace adverts from us and third events primarily based on our understanding. You’ll be able to unsubscribe at any time. Learn our Privateness Coverage
A buyer contacted Martin Lewis on X relating to the Might 1 fee improve. Utilizing the deal with @Ken_w_davies, they wrote: “@MartinSLewis Octopus placing up their Octopus Go charges from 1st Might despite the fact that they introduced them down simply weeks in the past for the drop within the value cap? Does not sound correct.”
Martin Lewis replied: “Does not sound nice, however simply to be technical. Octopus Go is just not a value capped tariff so it did not transfer on account of drop in Worth Cap. It dropped as a result of removing of some govt coverage prices from vitality payments (which is identical purpose the cap moved however nonetheless they’re separate).
“As its not priced capped and it’s a variable tariff it’s allowed to maneuver the worth so long as satisfactory discover is given. I am afraid the one choice is to ditch and change elsewhere. You are imagined to get thirty days discover of yen adjustments a few of you saying you bought much less.. We’ll test it out.”
Octopus Power chief government Greg Jackson insisted the corporate was not flouting any rules and maintains the tariffs stay “very low cost”. He stated: “While rises are painful and we work very arduous to keep away from them (you possibly can look again and see only a few over time on these tariffs) – these tariffs are nonetheless very low cost – typical customers on this tariff may have a blended fee of round 18.3p/kWh – round 20% beneath the Worth Cap, and the extra they cost their automobile the larger the saving.”
“You needn’t purchase a charger from us. The factors about timing are effectively taken. By way of “reviewed each three months” – though the worth was modified lower than three months in the past – that was merely passing by means of the Authorities lower, in full. We’ve not modified the worth ourselves for 4 months (Octopus Go) and longer (for Clever Octopus Go) – and by way of discover interval, Ofgem eliminated the 30 days (we assume as a result of it generally brought on folks to depart good worth tariffs).
“We goal for about two weeks – barely much less this time, as we did not need to electronic mail over the weekend when there’d be much less assist out there. And perspective is essential – an EV on these tariffs is about 5 to eight instances cheaper per mile than a petroleum automobile, regardless of the very fact the UK has such excessive electrical energy costs.”
While rises are painful and we work very arduous to keep away from them (you possibly can look again and see only a few over time on these tariffs) – these tariffs are nonetheless very low cost – typical customers on this tariff may have a blended fee of round 18.3p/kWh – round 20% beneath the worth cap, and…
— Greg Jackson (@g__j) April 21, 2026
Martin Lewis issued a reply, which reads: “Thanks for the reply Greg. Attention-grabbing to learn. I have to admit I didnt know Ofgem had ditched the 30 day discover rule, I believe that is a disgrace. Clearly there are nonetheless some sad prospects although. We’ll cowl this in MSE information and can embrace your response in full.”
On X, Octopus Power’s official account responded to a buyer who enquired concerning the value rise. It defined: “That 3.49p off-peak fee on Clever Octopus Go (IOG) occurred as a result of we took the federal government’s latest levy cuts (about £130 off a typical invoice) and baked them immediately into these sensible home windows.
“For these on a variable tariff like Versatile Octopus, your value is protected by the Ofgem Worth Cap, which is at present falling however at a unique tempo as a result of it averages out wholesale prices over a number of months to keep away from sudden spikes. Every tariff displays a unique manner of shopping for vitality, both locking it in early or following the market’s “weighted common” underneath the cap.”
Martin Lewis replied again to a buyer on social media (Picture: ITV)
Octopus Power offered prospects with two weeks’ discover relating to these adjustments, according to Ofgem rules. Even with the adjustment, the Octopus Power tariffs stay 20% cheaper than the worth cap – Clever Octopus Go is the most affordable standalone EV tariff out there.
An Octopus Power spokesperson stated: “We’re delighted that a whole bunch of 1000’s of Clever Octopus Go prospects stay on Britain’s most cost-effective standalone EV tariff, with many Octopus Go prospects additionally charging up at 20% beneath the worth cap.
“Earlier than the warfare within the Center East, prospects on these tariffs saved over £860 a 12 months on charging in comparison with filling a automobile with petrol, now it’s over £1000 cheaper – one of many many tariffs that Octopus is delighted to be offering to assist drive down the price of vitality, even within the present unstable interval.”
Octopus Go is a wholly renewable vitality tariff providing 5 hours of cheap, fixed-rate electrical energy each day from 12.30am to five.30am. It is tailor-made particularly for electrical car (EV) motorists, no matter automobile mannequin or charger kind. With charges starting from 6.99p to 8p per kWh, prospects can obtain important financial savings, decreasing in a single day charging bills to roughly 3p per mile, ultimate for residence and vehicular charging.
Octopus Power is among the largest vitality suppliers for properties within the UK, serving greater than 7.3 million households and about 12.9 million meters as of early 2025. It has round 24% market share, surpassing British Fuel, and is well-known for its glorious customer support, having gained awards and sustaining a 4.8-star ranking on Trustpilot.
Leave a Reply