Octopus Energy announces new tariff that's £50 cheaper than April price cap
Octopus Energy has announced a new loyalty tariff that is £50 cheaper than the price cap which is set to increase in April.
The new Octopus Flexible tariff will kick in from 2 April and is a temporary measure to help struggling families, the firm said.
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Hide AdThe tariff is being quoted at £1,921 a year for someone with typical energy use, while the price cap will increase to £1,971 for direct debit customers - up from the current level of £1,277.
The supplier is also doubling its Octopus Assist fund to £5 million to help ease the burden on hard-up families.
Who is eligible for the tariff?
The new Octopus rate only applies to customers who joined the energy firm by 3 March 2022 or if you’re coming off a fixed deal before 2 April 2022.
Every Octopus customer on a Standard Variable Tariff will get £2 off the price cap - existing or new.
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