What Is Octopus Shape Shifters?
The Octopus Shape Shifters tariff makes your business energy cheaper when national demand is lower, giving you 21 hours of lower prices every day. You'll get three different electricity rates depending on the time of day and will be charged according to when you actually use it. Shape Shifters is a 12-month fixed tariff contract.
Who Is Shape Shifters For?
Shape Shifters will benefit any small business who can move some of their electricity consumption to off-peak periods. That's everything from thirsty machinery to just heating the office. It's for businesses who have a working smart meter and use less than 20,000 kWh of electricity per annum.
What Are The Peak And Off-Peak Hours?
Prices are highest during the peak period which is 4pm-7pm, so you can save money by using less energy during these 3 hours. The night rate runs from midnight to 7am and is the cheapest period. The day rate is 7am-4pm and 7pm-midnight, but is still cheaper than what you'd pay on the standard single rate business tariff.
What Are The Benefits Of Octopus Shape Shifters?
Not only does Shape Shifters help the environment by encouraging businesses to switch their energy usage to greener periods, there are also substantial cost savings for the customer. Based on eligible customers' average consumption, Octopus calculate that by moving 10% of your peak time usage you could reduce your bills by 13%, by shifting 20% of your peak hours consumption you could pay 18% less and by moving 30% of your 4pm-7pm electricity usage you could save a whopping 23%.
How Do I Sign Up To Shape Shifters?
Firstly you need to be an Octopus customer on a variable Octopus tariff. If you're just joining Octopus, remember to use my Octopus referral link below for £100 free account credit. Once you're up and running with Octopus, head to the Octopus Energy website and complete the form. You can also check out the
Shape Shifters blog.
Start your switch to Octopus by clicking on my Octopus referral link then navigate to the business quote page and submit your business post code. When your switch is complete and you've made your first monthly payment, our accounts will be credited with £100. We're sharing the £200 referral reward equally, so with no extra payment from me you don't have to get in touch, but please do so if you've got any questions.