Last verified: May 2026

Octopus Energy Referral Code 2026 -
Get £50 Credit When You Switch

I've been an Octopus Energy customer for a few years now and genuinely rate them. Use my referral link and you'll get £50 credit applied to your first bill - at no cost to either of us. Here's everything you need to know before you switch.

£50 household credit
£75 business credit
100% renewable energy
Disclaimer: Referral amounts and terms are set by Octopus Energy and may change. The information on this page is accurate as of May 2026 - always verify current offers directly at octopus.energy.
My Referral Code
wise-peach-776
Click code to copy · Or use the link below
Get My £50 Credit
Credit applied after your first Direct Debit.
Typically 2-4 weeks after switching.
Quick Answer

The Octopus Energy referral code is wise-peach-776. New customers who sign up using this code - or via the link share.octopus.energy/wise-peach-776 - get £50 credit applied to their first bill. Business accounts get £75. There is no separate promo code, discount code, or voucher code for Octopus Energy - the referral code is the official way Octopus gives new customers money off their energy bills. The code is valid in 2026 and can also be quoted by phone on 0808 164 1088.

The Offer

What the Octopus Energy referral gives you

When a new customer signs up to Octopus Energy using a valid referral link, both the new customer and the existing Octopus customer who shared the link receive a £50 account credit. Business energy accounts receive £75 credit.

The credit is applied automatically - you don't need to do anything after sign-up. It lands on your account after your first Direct Debit payment has cleared, usually within two to four weeks of your switch going live.

You can track the status of your credit at any time by logging into your Octopus account and viewing your Balance History.

£50 Account Credit

Applied automatically after your first Direct Debit. No voucher codes, no manual claims.

100% Renewable Energy

All Octopus Energy plans include 100% renewable electricity as standard.

Award-Winning Support

Octopus Energy has over 750,000 Trustpilot reviews with a 95%+ positive rating.

Excellent App & Online Tools

Manage your account, track usage, adjust Direct Debits, and view real-time energy data all from their app.

Simple Process

How to switch and claim your £50

The whole process takes around 10 minutes online. Octopus handles the actual switch from your existing supplier for you.

1
Click the referral link

Visit share.octopus.energy/wise-peach-776 - the referral code wise-peach-776 is embedded in the link automatically. If joining by phone, call 0808 164 1088 and quote the code during sign-up.

2
Get a quote and choose your tariff

Enter your postcode and current usage to get a personalised quote. Choose between Flexible Octopus, a fixed tariff, or one of their specialist tariffs like Octopus Go for EV drivers.

3
Complete sign-up - Octopus does the rest

Confirm your payment details and let Octopus handle the switch. There's no engineer visit needed, no interruption to your supply, and no need to contact your old supplier. The £50 credit arrives after your first Direct Debit.

Switch Using My Referral Link
Referral code: wise-peach-776 · New customers only · T&Cs apply
Scott Stamp - Magento 2 Developer, Tonbridge Kent
Scott Stamp
Magento 2 & Laravel Developer
Tonbridge, Kent
First-hand Experience

Why I recommend Octopus Energy

As a developer who spends the day integrating complex APIs - Cin7, Sage, custom ERPs - into Magento 2, I'm naturally drawn to companies that are built API-first. Octopus Energy is one of them. Their entire platform is built on technology, and it shows: transparent billing, a genuinely useful app, and real-time half-hourly consumption data that you can actually pull via their API.

That's what convinced me to switch. I don't just use the service - I track my own usage data to optimise my home's energy setup the same way I optimise a client's eCommerce store. When a supplier's API is that clean, you know the company behind it actually cares about transparency.

I'm on the Flexible Octopus tariff, which tracks wholesale prices and adjusts quarterly. The app lets you see your real-time usage, adjust your Direct Debit yourself, and track your balance - no waiting on hold to ask what you owe.

Based in Tonbridge, Kent - Octopus has been the right call for my household. That said, energy prices change, so I always recommend cross-checking MoneySavingExpert before committing to any switch.

Billing Transparency

Direct Debit adjustments are simple and you can see exactly what you're being charged for.

Customer Support

Spoke to a real person when I called. Email responses within a working day in my experience.

App & Online Tools

The Octopus app is one of the better utility apps I've used. Real-time data, clear balance, easy to manage.

Value for Money

Consistently competitive on price - though worth checking on comparison sites regularly as always.

Tariff Overview

Popular Octopus Energy tariffs

All plans below include the £50 referral credit when you sign up through my link.

Flexible
Flexible Octopus

100% green energy at wholesale prices, reviewed quarterly. Covered by the energy price cap. Good if you want to benefit when prices drop.

Get £50 Credit
★ Popular
Fixed Octopus

Lock in your unit rate for 12 months. Peace of mind that your bills won't change mid-year regardless of what happens with wholesale prices.

Get £50 Credit
EV Friendly
Octopus Go

Cheap off-peak electricity from 00:30-05:30 every night. Great for electric vehicle owners - charge your car overnight at a significantly lower rate.

Get £50 Credit

Tariff details are indicative. Check octopus.energy for current rates and availability in your area.

Energy Prices 2026

What's happening with energy prices in 2026?

Energy prices have come down significantly from their 2022 peak but remain higher than pre-crisis levels. The good news is that prices are forecast to continue falling through 2026, with the April quarterly change already confirmed.

The price cap - set quarterly by the energy regulator Ofgem - limits what suppliers can charge per unit for gas and electricity. It's based on typical usage for an average UK household (around 2,700 kWh of electricity and 11,500 kWh of gas per year), so your actual bill may differ depending on how much energy you use.

Octopus Energy's standing charges have consistently come in below the price cap - around 6.6% lower for gas and 3.4% lower for electricity at the time of writing. Worth checking MoneySavingExpert regularly to compare.

Predicted quarterly price cap changes
April 2026
confirmed
−6.7%
July 2026
predicted
−0.7%
October 2026
predicted
+0.2%

Predictions sourced from Cornwall Insight and MoneySavingExpert (May 2026). Subject to change based on wholesale energy markets.

Decision Guide

Should you switch supplier right now?

It depends on your current situation. Here's a quick guide to help you decide.

You're mid-way through a fixed deal

Check your current supplier's exit fees before switching. If the termination charge is small - especially if prices have since dropped - it may still be worth switching. Run the numbers. MoneySavingExpert has a calculator to help.

Your fixed deal is ending soon

Start comparing now, before your deal lapses onto a default tariff. Rolling over to a default rate is typically more expensive. Switching takes a couple of weeks, so give yourself time.

You're on a variable tariff

You can switch at any time without exit penalties. With prices forecast to continue falling, now is a good time to compare rates across suppliers and make sure you're not overpaying.

Money is tight right now

Don't wait. Compare your options early to lock in the best available rate. Octopus Energy also offers the Octo Assist support scheme for customers who need extra financial help with their bills.

Switch to Octopus & Get £50

Business customers get £75 credit

If you're signing up for a business energy account, the Octopus referral scheme still applies - and you'll receive £75 credit rather than £50. Business accounts are eligible for the full range of Octopus tariffs. As always, verify current terms on the Octopus Energy website.

Sign Up as a Business - Get £75
Extra Support

Octo Assist - help if you're struggling with bills

Octopus Energy created the Octo Assist scheme to provide extra help to customers most in need. It's a £40 million support fund that goes beyond standard debt management and offers a range of practical and financial assistance.

If you're struggling with your energy bills - or concerned you might be - it's worth contacting Octopus Energy directly to find out what's available for your situation. They're known for being approachable, and support is offered on an individual basis.

One standout initiative is their free electric blanket scheme. Using an energy-efficient electric blanket costs as little as 2-4p per hour, compared to around £3-4 a day to heat an average home - a potential saving of up to £300 a year.

What Octo Assist can offer

Direct financial assistance for customers most in need

Flexible payment plans tailored to your circumstances

Standing charge waivers for eligible customers

Free energy-efficient electric blankets (90,000+ distributed so far)

Free thermal camera loan to identify heat loss in your home

Energy grants to help cover outstanding balances

To find out more, contact Octopus Energy on 0808 164 1088 or visit octopus.energy/blog/octo-assist.
FAQ

Frequently asked questions

An Octopus Energy referral code is a unique code given to existing customers to share with friends and family. When a new customer signs up using the code, both parties receive a credit on their energy account - currently £50 for households and £75 for business customers.
My referral code is wise-peach-776. You can use it via the link share.octopus.energy/wise-peach-776, or quote it when joining by phone on 0808 164 1088.
Household customers receive £50 credit. Business customers receive £75. The credit is applied to your account after your first Direct Debit payment has been processed - typically within two to four weeks of your switch completing.
The £50 credit lands after your first Direct Debit is successfully taken. You can track the status in your Octopus account under "Balance History". If it hasn't appeared within four weeks, contact Octopus support directly.
Yes. The Octopus Energy referral scheme is active in 2026. My code wise-peach-776 is valid. Always verify current terms at octopus.energy as amounts can change.
Possibly - it depends on your current supplier's exit fees. If you're on a variable tariff, you can switch at any time. If you're mid-way through a fixed contract, there may be early termination charges. Check your current contract before switching.
If your £50 hasn't appeared within four weeks of your first Direct Debit, contact Octopus Energy on 0808 164 1088 (Mon-Thu 9am-5pm, Fri 9am-4pm) or email hello@octopus.energy. They can trace and manually apply the credit.
Yes. Call Octopus Energy on 0808 164 1088 and quote the referral code wise-peach-776 when signing up. Make sure you provide it during the call and the adviser confirms it has been applied.
Not really - they do the same thing. The referral link (e.g. share.octopus.energy/wise-peach-776) contains the code embedded automatically. If you sign up online, just click the link. If you join by phone, quote the code wise-peach-776 and the adviser will apply it manually.
No - only one referral can be applied per new account. If more than one person has shared their link with you, just pick one before signing up. The £50 credit applies to whichever link you use first.
No. Once the £50 credit has been applied to your Octopus account, it does not expire. It simply sits on your balance and is used to offset your next bill. You can view it at any time under Balance History in your account.
Yes - there is no official cap on the number of people you can refer. Each successful switch using your link earns you a £50 credit when that person pays their first Direct Debit. Octopus does ask that you share your link genuinely rather than spamming it across social media.
Yes. The Octopus Energy app is available on both the App Store and Google Play. You can use it to track your account balance, view real-time energy usage, adjust your Direct Debit, monitor referral credits, and access Octoplus rewards (which includes perks like discounted cinema tickets).
Octo Assist is a £40 million support fund from Octopus Energy designed to help customers who are struggling with their bills. It offers direct financial assistance, payment plans, standing charge waivers, energy grants, free electric blankets, and free thermal camera loans to identify heat loss in your home. Contact Octopus on 0808 164 1088 to find out what you might be eligible for.
Octopus Energy does not use traditional promo codes or discount codes. The official way to get money off is through their referral scheme. Using the referral code wise-peach-776 (or the link share.octopus.energy/wise-peach-776) gives new customers £50 credit - which is effectively a £50 discount on your first energy bill. No promo code or coupon code is needed.
Octopus Energy does not issue voucher codes or coupon codes. The referral code wise-peach-776 is the equivalent - it's the only way for new customers to receive a discount when joining. It gives you £50 off your energy account, automatically applied after your first Direct Debit. You can use it via the link share.octopus.energy/wise-peach-776 or quote it by phone on 0808 164 1088.
The only official way to get a discount when signing up to Octopus Energy is through a referral link from an existing customer. Use the referral code wise-peach-776 via share.octopus.energy/wise-peach-776 and you'll receive £50 credit on your account after your first Direct Debit. Business customers get £75.
The best deal when switching to Octopus Energy for a new household customer is to use a referral code such as wise-peach-776, which gives you £50 credit on your account. Combined with Octopus's competitive tariff pricing - their standing charges are consistently below the Ofgem price cap - switching via a referral link is the most cost-effective way to start your Octopus account.
SS
Scott Stamp
Magento 2 & Laravel Developer
Tonbridge, Kent

I'm a web developer based in Tonbridge, Kent, specialising in Magento 2 and Laravel. I've been an Octopus Energy customer for several years and share my referral link because I genuinely recommend them - not for any financial gain beyond the standard £50 credit we both receive when you switch.

Written by Scott Stamp · Updated: 23 May 2026
Get £50 Free Credit
Use referral code wise-peach-776
when you switch to Octopus Energy
Switch & Get £50 Credit
Credit applied after first Direct Debit · T&Cs apply