Who are Octopus Energy?
Despite only starting in 2016, Octopus Energy now have over 1.5 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.
In fact, Octopus Energy claim that the average home using Octopus Energy’s electricity will generate 574KG less CO2 than they would if they were using an alternative electricity supplier. This is the equivalent of planting 287 trees.
They have won a number of 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 referral scheme?
Octopus Energy operate a referral 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.)
Questions for people being referred to Octopus Energy
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. Basically, you click on the link, fill in a few details and your energy supply is switched from your current supplier to Octopus Energy.
Currently, 98.3% 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 in 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.
How much do 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 making the referring also receives a £50 credit to their account.
How long does it take to receive my referral credit?
Referral credits are usually applied to your energy account within seven days of the switch to Octopus Energy 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.
Questions for Octopus customers referring new customers
How do I refer a friend to Octopus energy?
Octopus Energy customers are given a referral link which they can share with other people. If those people use the referral link to sign up with Octopus Energy, both the referrer and the new customers get a £50 credit applied to their account.
Where is my referral link?
Octopus Energy customers can find their referral link in their online account. Alternatively, Octopus Energy are happy to email referral links to their customers.
Where can I share my referral code?
You can share your referral code wherever you like within reason, although as you’d expect, there are some limits.
You can use your referral code on your own websites and social media accounts, but you are not allowed to used your referral code on third party websites. That includes using your referral code in TrustPilot reviews and the like.
How do I know when someone has signed up using my referral link?
If someone has signed up via your referral link that will be shown via your online account. However, your credit won’t appear until their switch has been completed and their direct debit has been set up.
Is there a limit to the number of people I can refer?
You can refer as many people to Octopus Energy as you like. There is no limit to the number of referral credits you can earn.
In fact, Octopus Energy claim that one of their customers has made 20 referrals, earning that customer £1,000 which was transferred to them via bank transfer.