Octopus Energy referral code — get £50 free (2026)
What is Octopus Energy?
Octopus Energy is the UK's largest energy supplier by customer satisfaction, having won Which? Recommended Provider status multiple years running. They supply gas and electricity to millions of UK households and are consistently praised for transparent pricing and excellent customer service.
Their refer-a-friend scheme pays £50 bill credit to both the new customer and the person who referred them, once your switch completes. This is real money off your energy bills — one of the largest single payouts of any refer-a-friend scheme in the UK.
How to claim the £50 Octopus bonus — step by step
- 1Click the referral link above
This link contains the referral code needed to trigger the £50 bonus. Going directly to octopus.energy without a referral link means neither you nor the referrer gets the credit.
- 2Enter your postcode and current energy details
Octopus will show you a quote based on your usage. If you don't know your usage, they can estimate it from your home size. You can also find your current usage on a recent energy bill.
- 3Choose your tariff and confirm the switch
Select your preferred tariff (fixed or variable). Octopus handles everything from here — they contact your current supplier and manage the switch on your behalf. You don't need to do anything else.
- 4Your switch completes (usually 3–6 weeks)
Energy switches in the UK take around 3–6 weeks. Your supply is never interrupted — you'll just start receiving bills from Octopus instead of your old supplier.
- 5£50 credit applied to your first Octopus bill
Once your switch completes, £50 is credited to your Octopus account. This appears as a credit on your energy account — it directly reduces your bill. Most customers see it within 90 days of starting the switch.
If you pay your own energy bills (even as a renter), you can switch to Octopus. You don't need to be a homeowner. The only requirement is that your name is on the energy bill. If your landlord pays the bills directly, this offer won't apply to you.
Will switching affect my energy supply?
No. Your gas and electricity supply is never interrupted during a switch. The physical pipes and cables stay exactly the same — only the company billing you changes. The switch happens in the background and you won't notice any difference in your supply.
Can I switch if I'm in a fixed contract?
You may be able to, but check your current contract first. Some suppliers charge an exit fee for leaving a fixed contract early — typically £30–£50 per fuel. If your exit fees are lower than the £50 Octopus bonus, it's still worth switching. If you're on a variable tariff, there are no exit fees and you can switch any time.
Is Octopus actually cheaper?
Octopus offers competitive rates and their prices track closely to the energy price cap. Many customers find their bills are similar to or lower than their previous supplier, plus you get the £50 credit on top. Use the quote tool to compare your current tariff directly.
Frequently asked questions
- Does the £50 come as cash or bill credit?
- It's applied as bill credit to your Octopus account — meaning it reduces your energy bills rather than arriving as cash in your bank. If your account goes into credit and you want the money back, you can request a refund from Octopus at any time.
- What if I switch away from Octopus later?
- You can switch away from Octopus at any time — there are no exit fees on their standard tariffs. Any remaining credit on your account will be refunded to your bank.
- Can I refer my own friends and family once I've switched?
- Yes. Once you're an Octopus customer, you'll get your own referral link. Each successful referral earns you both £50 — making Octopus one of the most generous ongoing referral schemes available.
- How long does the switch take?
- Typically 3–6 weeks from the date you sign up. Octopus will email you updates throughout the process.