MY £75 OCTOPUS ENERGY REFERRAL CODE LINK

What Is The Outgoing Octopus Tariff?

Now that the Feed-In Tariff Scheme has ended, Octopus have launched a true tariff which settles energy export in real time with the grid, based on wholesale prices.

How Does The Outgoing Octopus Tariff Work?

Octopus Energy buy any surplus electricity you generate from solar PV, your micro-wind turbine or excess energy stored in your home battery or electric vehicle if you're set up for V2G.

How Much Do I Get Paid For My Exported Electricity Under The Outgoing Octopus Tariff? 

There are two tariffs to choose from. Outgoing Fixed is a flat tariff, where your electricity is bought at a fixed rate of 15p per kWh. If you're on Octopus Go you get a Lite version of Outgoing Fixed with export at 8p per kWh. Outgoing Agile is a dynamic tariff with half-hourly, day-ahead wholesale pricing, so customers can sell their electricity at the most profitable times. There are no standing charges.

Do I Require A Smart Meter For The Outgoing Octopus Tariff?

Yes. You require a 'Secure' brand first-generation (SMETS1) smart meter or a second-generation (SMETS2) smart meter, so that Octopus can receive readings every half hour. You can contact Octopus to register your interest if you're already an Octopus customer and don't have one. There is no fee for smart meter installation.

What Else Do I Need To Know About The Outgoing Octopus Tariff?

Octopus Energy will check Ofgem's FIT register to ensure that you're not receiving FIT payments, because you can't receive both FIT payments and measured export payments. If you started receiving FIT payments in the last year, you're not able to switch to Outgoing Octopus just yet. As per the Smart Export Guarantee, Octopus also need a copy of your MCS (Microgeneration Certification Scheme) certificate, your DNO (Distribution Network Operator) Notification form and the letter or emailed response from the DNO. At the moment you can't be on both the Outgoing Octopus Tariff and the Octopus Go Tariff.

How Do I Sign Up To The Outgoing Octopus Tariff?

You can sign up to the Outgoing Octopus Tariff if you're not an existing Octopus customer, but you'll need to start on an interim tariff first. For more information about Outgoing Octopus just head to the Octopus website. Don't forget that if you're a new Octopus customer, you can earn £75 by using my Octopus referral link, so be sure to read on and click on my link before starting your switch.