Independent review — not sponsored by Octopus Energy
Octopus Energy Review — Plans, Prices and Bill Credits
Octopus Energy lists 6 plans on Power to Choose (as of October 5, 2026) in Oncor, CenterPoint and AEP Texas, and is mid-priced for Texas at 1,000 kWh: its cheapest plan ranks 13th to 16th among the 35–40 providers in each area.
Weighing it up
Pros and cons
Pros
Cheap in low-usage months too: 1st of 35 providers at 500 kWh in Oncor (10.3¢/kWh).
Every listed plan is 100% renewable.
Short contracts available (3, 6 months) if you don't want to lock in for a year.
Long fixed terms (up to 24 months) to lock in a rate.
No bill-credit plans, so no usage threshold to miss.
Cons
High cancellation fee: up to $250 on its listed plans.
Prices change often and vary by address; confirm the Electricity Facts Label before enrolling.
How Octopus Energy compares
- 13th cheapest of 35 providers in Oncor (Dallas–Fort Worth) at 1,000 kWh: 9.9¢/kWh on Octo Simple 3, against a 12.4¢/kWh median for the area.
- 13th cheapest of 40 providers in CenterPoint (Houston) at 1,000 kWh: 10.6¢/kWh on Octo Simple 3, against a 13.4¢/kWh median for the area.
- 16th cheapest of 38 providers in AEP Texas (South Texas) at 1,000 kWh: 9.9¢/kWh on Octo Simple 3, against a 12.1¢/kWh median for the area.
Each provider is ranked by its cheapest plan in that area. See every provider side by side on all Texas bill credit plans.
Every current Octopus Energy plan
All-in price per kWh at three usage levels, including delivery charges and any bill credit.
| Plan | Area | Term | Bill credit | 500 kWh | 1,000 kWh | 2,000 kWh | Cancel fee | Renewable | Facts label |
|---|---|---|---|---|---|---|---|---|---|
| Octo Simple 3 | Oncor | 3 mo | None | 10.3¢ | 9.9¢ | 9.7¢ | $150 | 100% | EFL |
| Octo Simple 6 | Oncor | 6 mo | None | 11.1¢ | 10.7¢ | 10.5¢ | $150 | 100% | EFL |
| Octo Green 9 | Oncor | 9 mo | None | 11.4¢ | 11¢ | 10.8¢ | $150 | 100% | EFL |
| Octo Simple 12 | Oncor | 12 mo | None | 12¢ | 11.6¢ | 11.4¢ | $150 | 100% | EFL |
| Octo Simple 24 | Oncor | 24 mo | None | 14.1¢ | 13.7¢ | 13.5¢ | $250 | 100% | EFL |
| Octo Simple 3 | CenterPoint | 3 mo | None | 11.1¢ | 10.6¢ | 10.4¢ | $150 | 100% | EFL |
| Octo Simple 6 | CenterPoint | 6 mo | None | 11.7¢ | 11.2¢ | 11¢ | $150 | 100% | EFL |
| Octo Simple 9 | CenterPoint | 9 mo | None | 12¢ | 11.5¢ | 11.3¢ | $150 | 100% | EFL |
| Octo Simple 12 | CenterPoint | 12 mo | None | 12.5¢ | 12¢ | 11.8¢ | $150 | 100% | EFL |
| Octo Simple 24 | CenterPoint | 24 mo | None | 14.6¢ | 14.1¢ | 13.8¢ | $250 | 100% | EFL |
| Octo Simple 3 | AEP Texas | 3 mo | None | 10.2¢ | 9.9¢ | 9.7¢ | $150 | 100% | EFL |
| Octo Simple 6 | AEP Texas | 6 mo | None | 11.3¢ | 11¢ | 10.8¢ | $150 | 100% | EFL |
| Octo Simple 9 | AEP Texas | 9 mo | None | 11.9¢ | 11.6¢ | 11.4¢ | $150 | 100% | EFL |
| Octo Simple 12 | AEP Texas | 12 mo | None | 12¢ | 11.7¢ | 11.6¢ | $150 | 100% | EFL |
| Octo Simple 24 | AEP Texas | 24 mo | None | 14.2¢ | 13.9¢ | 13.7¢ | $250 | 100% | EFL |
Real, currently-listed plans
What Octopus Energy plans actually look like
Price at 1,000 kWh
9.9¢–14.1¢/kWh
Early termination fee
$150–$250
Term lengths
3, 6, 9, 12 or 24-month
Based on 15 Octopus Energy plan listings on Power to Choose (Oncor, CenterPoint and AEP Texas) as of October 5, 2026. Prices are all-in at 1,000 kWh, including delivery charges and any credit. Rates vary by ZIP code and change frequently — use our plan cost calculator to see current, all-in totals for your address.
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