Octopus Fixed review (November 2026)
A unit rate and standing charge locked for the selected contract term, whatever the cap does.
Live tariff data
Octopus Fixed prices for your area
Electricity rates and standing charges differ by distribution region. Enter your postcode or choose your electricity region before local figures are shown.
The short answer
Who Octopus Fixed is most likely to work for
A fixed tariff buys certainty. You are paying for a known unit rate for the term, and whether that turns out cheap depends entirely on what the cap does afterwards — which nobody knows when you sign.
In its favour
- Unit rate held for the whole term
- No smart meter required
- Predictable bills, which nothing else here offers
- Available on Economy 7
Against it
- Exit fees, unlike the smart tariffs
- No benefit if prices fall
- No reward for shifting usage
- Usually priced above the smart tariffs for a household that fits them
Read the fuller verdict and trade-offs
It suits a household that values a predictable bill over the chance of a lower one, or one that cannot shift usage and so cannot benefit from the smart tariffs. If prices fall, you will watch the cap drop below your rate and pay an exit fee to follow it.
- A fix is only good value in hindsight. If the cap falls you will be paying above it for the rest of the term.
- Check the exit fee before signing. Leaving early is what turns a mediocre fix into an expensive one.
- Fixing removes any benefit from shifting your usage, so it is the wrong tariff for an EV or a heat pump.
Tariff facts at a glance
- Current version
- Octopus 12M Fixed
View product code
OE-FIX-12M-26-11-03- Price changes
- One fixed unit rate
- The price does not change during the day or during the fixed term
- Today’s full-day rate vs cap
- Choose a location
- A full-day regional average is needed for today’s comparison
- Estimated annual cost
- Choose a location
- Shown after an electricity region is selected
Key tariff facts
- 12-month fixed term
- No special smart-meter requirement
- Electricity and gas are covered on this page
Regional comparison
How prices differ across Great Britain
Octopus Fixed unit rate and standing charge by region
The current unit rate and daily standing charge in each distribution region, including VAT.
Hover a region for its figure, or select one to load its prices.
Tap a region to load its prices.
View all regional prices
| Region | Per kWh | Standing charge per day |
|---|---|---|
| East Midlands (12-month fix) | 28.94p | 50.2p |
| North East England (12-month fix) | 29.29p | 60.8p |
| West Midlands (12-month fix) | 29.30p | 56.3p |
| Yorkshire (12-month fix) | 29.32p | 60.9p |
| London (12-month fix) | 29.65p | 41.4p |
| Southern Scotland (12-month fix) | 30.09p | 60.7p |
| Southern England (12-month fix) | 30.15p | 46.3p |
| Eastern England (12-month fix) | 30.24p | 50.5p |
| South Wales (12-month fix) | 30.47p | 54.4p |
| South East England (12-month fix) | 30.56p | 51.0p |
| Northern Scotland (12-month fix) | 30.58p | 54.1p |
| South West England (12-month fix) | 30.84p | 54.5p |
| North West England (12-month fix) | 30.89p | 44.2p |
| Merseyside and North Wales (12-month fix) | 31.79p | 67.3p |
Northern Ireland has a separate electricity market and is not covered by these regions.
Household fit
Who Octopus Fixed might be good for
The right answer depends on your equipment, routine and tolerance for changing prices—not just how much electricity you use.
Likely to suit
- Households that need a predictable figure to budget against
- Anyone who believes the cap is more likely to rise than fall
- Homes without a smart meter, or without any load they can shift
Less likely to suit
- Households with an electric vehicle, battery or heat pump, which gain nothing from a flat rate
- Anyone who would be unhappy paying above the cap if it falls
- People who may want to switch during the term and would face an exit fee
Before switching
Check the requirements and what will affect the result
What you need
- No smart meter required
- Available on a single rate and on Economy 7
- Available across Great Britain, priced by distribution region
What drives what you pay
- The rate you fixed at, which is set on the day you sign up
- How much you use, since nothing about the tariff varies by time
- Where the cap goes during your contract term, which decides whether the fix was worth it
- Any exit fee, if you want to leave before the term ends
How it works
How Octopus Fixed sets its prices
You agree a rate today and it holds for the term regardless of what happens to wholesale prices or the cap.
Read the full pricing explanation
The live offer can sit above or below today's cap. The page therefore shows the current regional figures instead of assuming that certainty always carries a premium.
The rate is per unit, not per bill. A fix does not cap what you spend if you use more.
Alternatives
Other smart tariffs from Octopus and EDF to compare
These are other smart-tariff comparisons from the two suppliers, not a claim that every option suits the same household.
Flexible Octopus
Flexible follows the cap up and down; a fix does neither.
More detail
If you would rather know the figure than get the best average, fix. If you would rather track the market, stay flexible.
Octopus Tracker
Opposite ends of the same spectrum.
More detail
Tracker gives you the market daily, with all its volatility; a fix gives you none of it. Tracker has generally been cheaper over time and is far less predictable month to month.
Agile Octopus
A fix rewards nothing you do; Agile rewards moving usage.
More detail
If you have an electric vehicle, a battery or a heat pump, fixing gives up the thing those assets are for.
Current product options
Current versions of Octopus Fixed
View current tariff versions
Choose a region to load prices for the selected version.
- Rates shown
Octopus 12M Fixed
OE-FIX-12M-26-11-03
12-month fixed term
Octopus 18M Fixed
OE-FIX-18M-26-11-03
18-month fixed term
How to switch
Moving to Octopus Fixed
- 1
Available to new and existing customers without a smart meter, on a single rate or on Economy 7.
- 2
The rate is held for the term from the day the tariff starts, whatever the cap does in the meantime.
- 3
Check the exit fee before committing: unlike the smart tariffs here, leaving a fixed deal early usually costs money.
Frequently asked questions
Is a fixed tariff cheaper?
Not reliably. A current fix can start above or below the cap; whether it turns out cheaper depends on what the cap and your usage do afterwards. Compare the live regional rate and exit fee shown on this page.
What happens at the end of the fixed term?
You normally move onto the variable tariff unless you fix again. It is worth setting a reminder, because rolling onto a variable rate unnoticed is how people end up on a rate they did not choose.
Can I leave a fixed tariff early?
Usually yes, but there may be an exit fee. Check the terms before you sign, since the fee is what makes leaving expensive.
Does fixing cap my bill?
No. It fixes the price per unit and per day, not the total. Using more still costs more.
