Last updated: 4th November 2023
To find out more about Octopus and its referral scheme, keep reading below:
How do Octopus Energy referral codes work?
Once you are given a referral link, that link makes it easy to sign up for Octopus Energy. You click on the link, fill in a few details and your energy supply is switched from your current supplier to Octopus Energy.
Currently, 98.1% of switches take place within 15 days and your energy supply will not be interrupted while the switch takes place. You do not have to wait for an engineer to arrive as your existing gas and electricity meters will continue to work as usual.
Switching via the link rather than switching directly via Octopus Energy means that you get money credited to your Octopus Energy account. The person referring you also receives a credit. If you don’t use the link to switch your energy supply, you don’t get the credit, though.
Who are Octopus Energy?
Despite only starting in 2016, Octopus Energy now has over 5 million customers. They concentrate on green energy, including generating their own renewable energy via wind, solar and anaerobic digestion. Octopus Energy are approved by Friends of the Earth.
Octopus Energy claims that the average home using Octopus Energy’s electricity will generate 574 kg less CO2 than they would if they were using an alternative electricity supplier. This is the equivalent of planting 287 trees.
They have won several awards, including the Uswitch Energy Supplier of the Year 2020 award, and the 2020 Which? Recommended Provider Award. Octopus Energy’s TrustPilot reviews are also impressive, with 92% of people giving them an “excellent” rating.
Octopus Energy also leases electric vehicles.
Does Octopus Energy have a refer-a-friend referral scheme?
Octopus Energy operates a refer-a-friend scheme.
The way this works is that people signing up via the link that is given to them by an existing Octopus Energy customer get £50 credit applied to their account and the customer supplying the link gets £50 credit also.
(These figures are correct at the time this article was written and are subject to change.)
How much does Octopus Energy pay for a referral from a referral link?
At the time of writing, Octopus Energy are giving a £50 credit to people who sign up via a referral link. The person supplying the link also receives a £50 credit to their account.
How long does it take to receive my referral credit?
Octopus Energy referral credits are usually applied to your energy account within seven days of the switch being completed.
Can I withdraw the referral credit to my bank account?
As long as your Octopus Energy account is in credit, you can request a withdrawal to your bank account. The money should appear in your bank account within a few days.
Can I get referral credit and use a comparison website?
You need to use the referral link that you’ve been given to get the referral credit. If you use a comparison website to switch your energy provider you do not get the referral credit.
Can I get cashback as well as referral credit?
There are some referrers who are offering to share their referral credits with customers who switch. Those referrers are getting £50 credit when people switch and they are offering to share some of their referral credit with people who sign up via their referral link.
Do Octopus Energy ever offer £100 referral credit?
Octopus Energy celebrated World Octopus Day by doubling the referral credit to £100 although that only ran from 8th October 2020 until 15th October 2020. The referral credit is now back to £50, although both the new customer and the existing customer get that credit when a new customer signs up.