Octopus Energy · Import tariff · VAT included
Octopus 12M Fixed prices
A unit rate and standing charge locked for twelve months, whatever the cap does.
Your postcode is sent once to Octopus Energy’s public region lookup — the same one they bill from. We do not put it in the URL, analytics or database, and do not keep it.
A fixed tariff locks your unit rate and standing charge for twelve months. If the Ofgem cap rises during that year you are protected; if it falls you pay more than you would have on a variable tariff.
That is the whole trade, and it is a judgement about risk rather than about savings. Nobody knows which way the cap will move, which is why a fix is best understood as buying certainty rather than buying a discount.
Showing Merseyside and North Wales. Currently on sale: Octopus 12M Fixed. Tariff code E-1R-OE-FIX-12M-26-08-03-D.
- Average today
- 27.95p
- Cheapest today
- 27.95p
- Most expensive today
- 27.95p
- Standing charge
- 67.47p
weighted by how long each price lasts
per day
Current rate
27.95pper kWh
Octopus 12M Fixed charges one rate at all times. It changes only when Octopus Energy changes it, not on any daily cycle.
Against the price cap in Merseyside and North Wales
The Ofgem cap for a single-rate direct debit meter here is 27.66p per kWh plus 70.76p a day. Today this tariff averaged 0.29p above the cap unit rate.
This compares one day’s unit rates only. What you pay also depends on the standing charge and on when you use electricity, so treat this as an indication rather than a saving. Cap period 2026-07-01 to 2026-09-30.
Estimated annual cost
£945a year
2,500 kWh a year in Merseyside and North Wales, at 27.95p per kWh plus 67.47p a day standing charge.
This tariff charges one rate at all times, so the figure is arithmetic rather than a forecast. It moves only when the rate does.
On an Economy 7 meter
Octopus 12M Fixed is also sold on a two-register meter, charging 33.75p per kWh by day and 14.70p per kWh at night, plus 66.65p a day.
The seven cheap hours are fixed by your meter and vary by region and installer, so check yours rather than assuming midnight to 7am. Economy 7 only pays if enough of your usage — storage heating, hot water, an EV — falls inside them. Octopus Energy quotes £1,119 a year for a 3,400 kWh Economy 7 household, which is a higher consumption figure than the single-rate one, so the two totals are not directly comparable.
Tariff code E-2R-OE-FIX-12M-26-08-03-D.
Gas
Today’s gas rate is 7.65p per kWh, plus 29.28p a day standing charge.
Gas is priced once per day with no time-of-use element, so there is nothing to shift and no cheaper hours to aim for. Tariff code G-1R-OE-FIX-12M-26-08-03-D.
Prices by region
Octopus 12M Fixed unit rate by region
The unit rate in each region. Where you live changes what you pay, because the cost of distributing electricity differs by network.
Hover a region for its figure, or select one to load its prices.
Tap a region to load its prices.
| Region | Per kWh |
|---|---|
| East Midlands | 25.20p |
| West Midlands | 25.51p |
| Yorkshire | 25.54p |
| North East England | 25.57p |
| London | 25.90p |
| Southern Scotland | 26.29p |
| Southern England | 26.37p |
| Eastern England | 26.41p |
| South Wales | 26.66p |
| Northern Scotland | 26.74p |
| South East England | 26.76p |
| North West England | 26.84p |
| South West England | 26.88p |
| Merseyside and North Wales | 27.95p |
Northern Ireland has a separate electricity market and is not covered by these regions.
Octopus 12M Fixed standing charge by region
The daily charge you pay before using any electricity at all. It varies more between regions than the unit rate does, and you cannot avoid it by using less.
Hover a region for its figure, or select one to load its prices.
Tap a region to load its prices.
| Region | Per day |
|---|---|
| London | 41.5p |
| North West England | 44.3p |
| Southern England | 46.4p |
| East Midlands | 50.3p |
| Eastern England | 50.7p |
| South East England | 51.2p |
| Northern Scotland | 54.3p |
| South Wales | 54.6p |
| South West England | 54.6p |
| West Midlands | 56.4p |
| Southern Scotland | 60.9p |
| North East England | 61.0p |
| Yorkshire | 61.1p |
| Merseyside and North Wales | 67.5p |
Northern Ireland has a separate electricity market and is not covered by these regions.
Context
The price cap since Oct 18
A year of energy at typical consumption, paying by direct debit. This is the benchmark every tariff on this site is measured against, and it is a Great Britain figure rather than a regional one.
The cap peaked at £3,582 in Jan - Mar 2023 and stands at £1,663 for July - Sept 2026.
Show every period
| Period | Cap level |
|---|---|
| July - Sept 2026 | £1,663 |
| Apr - June 26 | £1,477 |
| Jan - Mar 2026 | £1,584 |
| Oct - Dec 2025 | £1,576 |
| July - Sept 2025 | £1,541 |
| Apr - June 25 | £1,655 |
| Jan - Mar 25 | £1,561 |
| Oct - Dec 24 | £1,543 |
| July-Sept 2024 | £1,414 |
| Apr-June 2024 | £1,521 |
| Jan - Mar 2024 | £1,723 |
| Oct - Dec 2023 | £1,641 |
| July-Sept 2023 | £1,766 |
| Apr-June 2023 | £2,762 |
| Jan - Mar 2023 | £3,582 |
| Oct - Dec 2022 | £2,972 |
| 2022 summer | £1,673 |
| 2021/22 winter | £1,093 |
| 2021 summer | £979 |
| 2020/21 winter | £899 |
| 2020 summer | £967 |
| 2019/20 winter | £979 |
| 2019 summer | £1,039 |
| 2018/19 winter | £945 |
Estimate what it would cost
Enter a number of kWh to see what it would costat today’s average price.
How Octopus 12M Fixed works
You agree a rate today and it holds for the term regardless of what happens to wholesale prices or the cap.
Because the supplier is taking on the risk of prices rising, a fix is typically priced a little above the current cap rather than below it. You are paying for the certainty.
The rate is per unit, not per bill. A fix does not cap what you spend if you use more.
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 over the following year, which decides whether the fix was worth it
- Any exit fee, if you want to leave before the term ends
Who it tends 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
Who it tends not 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
Things to watch
- 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.
Octopus 12M Fixed compared with the alternatives
- Against Flexible Octopus
- Flexible follows the cap up and down; a fix does neither. If you would rather know the figure than get the best average, fix. If you would rather track the market, stay flexible.
- Against Octopus Tracker
- Opposite ends of the same spectrum. 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.
- Against Agile Octopus
- A fix rewards nothing you do; Agile rewards moving usage. If you have an electric vehicle, a battery or a heat pump, fixing gives up the thing those assets are for.
How to switch to Octopus 12M Fixed
- Available to new and existing customers without a smart meter, on a single rate or on Economy 7.
- The rate is held for the term from the day the tariff starts, whatever the cap does in the meantime.
- Check the exit fee before committing: unlike the smart tariffs here, leaving a fixed deal early usually costs money.
Our verdict on Octopus 12M Fixed
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.
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.
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
Frequently asked questions
Is a fixed tariff cheaper?
Not reliably. It is usually priced a little above the current cap, because the supplier is taking on the risk of prices rising. Whether it turns out cheaper depends entirely on what the cap does afterwards.
What happens at the end of the twelve months?
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.