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
Current prices for East Midlands. Rates and standing charges vary by electricity region.
Showing prices for East Midlands
Current rate
East Midlands
- Current unit rate
- 28.94p/kWh
- The same displayed rate applies throughout the day.
- Daily standing charge
- 50.20p/day
- Charged once per day, separately from the unit rate.
No cheaper time of day
Octopus Fixed charges one rate at all times. It changes only when Octopus Energy changes it, not on any daily cycle.
Use your own figures
What could a month on Octopus Fixed cost you?
Enter your expected usage for a simple 30-day illustration using the displayed average unit rate and standing charge.
Enter the electricity you expect to use over 30 days.
Enter a number of kWh to see what it would cost at today’s average price.
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
- 3.58p per kWh above today
- A full-day regional average is needed for today’s comparison
- Estimated annual cost
- £907
- Illustration at the displayed rate for 2,500 kWh a year; future rate changes and your usage can change the bill. Includes 50.20p per day standing charge.
Key tariff facts
- 12-month fixed term
- £50 exit fee (FLAT)
- Monthly Direct Debit · Single-register meter
- No special smart-meter requirement
- Electricity and gas are covered on this page
Against the price cap in East Midlands
3.58p
above the price cap
- Tariff today
- 28.94p/kWh
- Ofgem cap
- 25.36p/kWh
Unit rates only. The cap also has a 51.45p/day standing charge; your cost depends on when you use electricity. Cap period: 1 Oct 2026–31 Dec 2026.
Estimated annual cost
£907
a year
- Usage
- 2,500 kWh
- Rate
- 28.94p/kWh
Uses the displayed rate and the 50.20p/day standing charge in East Midlands. The figure changes when the rate changes.
Octopus Energy: £0/year. This does not reconcile with the rates above.
On an Economy 7 meter
15.76p
night rate per kWh
- Day rate
- 35.36p/kWh
- Standing charge
- Unavailable
The seven off-peak hours vary by location and supplier. Check your meter’s schedule before planning storage heating, hot water or EV charging. See Ofgem’s Economy 7 guide.
Octopus Energy: £0/year. Based on 3,400 kWh, so it is not directly comparable with the single-rate estimate.
View Economy 7 tariff code
Octopus Fixed: E-2R-OE-FIX-12M-26-11-03-BGas
9.65p
per kWh
- Standing charge
- —/day
- Cheaper hours
- None
One gas rate applies all day, so there is no usage window to target.
View gas tariff code
G-1R-OE-FIX-12M-26-11-03-BPrice history
How Octopus Fixed prices have moved
The line is the average price for each day; no within-period range is shown when every displayed rate is the same.
Choose one history view
Use a rolling period to look back from today, or open one calendar year. Selecting either view replaces the other.
Last 30 days: 26 days from 04 Oct to 03 Nov. Average prices range from 24.69p to 29.33p per kWh. No within-period range is shown because the displayed rate was the same throughout each period.
1 of 26 periods are only partly covered by stored prices and are shown as they are rather than filled in.
Show these 26 figures as a table
| Period | Average |
|---|---|
| 04 Oct | 24.69p |
| 05 Oct | 24.69p |
| 10 Oct | 25.82p |
| 11 Oct | 25.82p |
| 12 Oct | 25.82p |
| 13 Oct | 25.82p |
| 14 Oct | 25.82p |
| 15 Oct | 25.82p |
| 17 Oct | 27.47p |
| 18 Oct | 27.47p |
| 19 Oct | 29.33p |
| 20 Oct | 29.33p |
| 21 Oct | 29.33p |
| 22 Oct | 29.33p |
| 23 Oct | 29.33p |
| 24 Oct | 29.33p |
| 25 Oct | 29.33p |
| 26 Oct | 29.33p |
| 27 Oct | 27.26p |
| 28 Oct | 27.26p |
| 29 Oct | 27.26p |
| 30 Oct | 27.50p |
| 31 Oct | 27.50p |
| 01 Nov | 27.50p |
| 02 Nov | 27.50p |
| 03 Nov | 27.76p |
View history coverage and range
Combined across 23 versions of this tariff, each shown for the period it was on sale. We hold prices from Aug 2026. A gap means no version of this tariff was on sale then.
What this selected history can show
25 of 30 days are represented in the stored history. The figures below use complete daily or monthly periods only, so a partial period cannot create a false low or high.
This summary remains at daily or monthly level. Any separate statistics panel uses the complete daily distribution fields supplied by the rollup rather than inferring them from this chart.
- Lowest complete-period rate
- 24.69p/kWh
- Highest complete-period rate
- 29.33p/kWh
- Mean of complete-period averages
- 27.43p/kWh
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.
Selected region
East Midlands (12-month fix)
- Unit rate
- 28.94p/kWh
- Standing charge
- 50.2p/day
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
The prices above use Octopus 12M Fixed. Other versions may have different rates or terms, so check the name and code on your quote.
- Rates shown
Octopus 12M Fixed
OE-FIX-12M-26-11-03
12-month fixed term
- Unit rate
- 28.94p/kWh
- Standing charge
- 50.20p/day
- Payment
- Monthly Direct Debit
- Exit fee
- £50
Octopus 18M Fixed
OE-FIX-18M-26-11-03
18-month fixed term
- Unit rate
- Check current quote
- Standing charge
- Check current quote
- Payment
- Monthly Direct Debit
- Exit fee
- £75
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.
