Octopus 3: 3-tier fare with a fixed price for each period
Tariff type: this is based on a fixed price for each period, which means that the cost of electricity varies depending on the time of day. This allows you to time your consumption to coincide with periods when prices are lowest, thereby optimising your electricity bill.
| Power P1 | 0.093 €/kWh |
|---|---|
| Power P2 | 0.093 €/kWh |
| Punta Energy | 0,184 €/kWh |
| Llano Energy | 0,098 €/kWh |
| Valle Energy | 0.079 €/kWh |
| Surplus Solar Energy | There is no surplus |
| Services | No |
Octopus Energy 3 is an electricity tariff with three distinct time periods, each with a fixed price per kWh. Unlike 24-hour flat-rate tariffs, the cost of electricity depends on the time of day when it is consumed, although prices do not vary from day to day nor are they linked to the hourly wholesale market.
It is designed for users who can adapt their consumption to different times of day and wish to take advantage of different prices depending on the time of day, whilst ensuring their bills remain stable and predictable.
How does Octopus Energy’s three-tier tariff work?
This tariff divides the day into three time periods (peak, standard and off-peak), each with its own fixed price:
- Each section has a fixed price; it does not vary from hour to hour.
- The cost per kWh depends on the time of day when the electricity is used.
- The timetables for the sections are regulated and are the same for all transport operators.
- It enables you to optimise your electricity costs by concentrating your consumption during the cheapest periods.
There is no exposure to daily market rises, but there are clear differences between trading sessions.
Who is this tariff a good option for?
This tariff is particularly well suited if:
- You can organise your consumption according to time slots.
- You use energy-intensive household appliances (washing machine, dishwasher, electric water heater, tumble dryer or charging an electric vehicle).
- Do you use more electricity at night or in the early hours of the morning?
- You are looking for potential savings whilst keeping prices stable across each price band.
- You understand how time periods work and make active use of them.
It is a middle ground between a 24-hour flat rate and an index-linked tariff.
Key benefits of the Octopus 3 tariff
Fixed price for each period
Each section has a fixed price, which provides predictability within each time slot.
Potential savings based on habits
If you concentrate your consumption during off-peak hours, the average cost may be lower than that of a 24-hour flat-rate tariff.
Lower exposure to market volatility
It does not depend on the hourly price on the wholesale market, thereby reducing uncertainty.
Suitable for households with flexible energy consumption
It works well when there is a genuine ability to shift consumption to cheaper time slots.
Points to bear in mind before signing a contract
Requires attention to timetables
If you mainly use electricity during peak hours, it may work out more expensive than a 24-hour flat-rate tariff.
More complex than a 24-hour tariff
It is important to understand the time slots and adapt your habits to make the most of them.
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Questions? We answer them
The Octopus 3 tariff is a free-market offer designed for households that can adapt their electricity consumption to different time bands. It is structured into three daily periods: peak (times of highest demand), off-peak (average demand) and night-time (nights and weekends). Every day, Octopus Energy publishes the price per kWh for each time band, so that customers pay less if they concentrate their consumption during off-peak or night-time hours.
Furthermore, Octopus 3 stands out for its 100% renewable energy source and transparent billing: customers can track price trends in real time via the app or website. If, when using your tariff comparison tool, you’re looking to save money by shifting most of your usage to lower-cost hours, this tariff is usually among the most competitive on the Spanish market.
The ‘best’ Octopus Energy tariff depends on your consumption pattern. For households with flexible hours and the ability to shift usage to off-peak times, Octopus 3 is usually the most cost-effective option. If, on the other hand, you prefer a variable-price bill that is calculated by the minute, Octopus Agile offers dynamic hourly pricing based on the actual price in the electricity pool.
On the other hand, if you’re looking for protection against sudden price rises, Octopus Fix & Forecast combines a fixed price for several months with a market forecast to adjust costs in the medium term. On your tariff comparison tool, you’ll be able to see a ranking of Octopus 3, Agile and Fix & Forecast based on your consumption profile and estimated savings, making it easier and more transparent to choose the best option.
Octopus 3 is the trade name of the three-tier electricity tariff offered by Octopus Energy in Spain. Unlike fixed-price or hourly-rate tariffs, Octopus 3 sets three distinct price bands (peak, standard and off-peak) and publishes the cost per kWh for each band on a daily basis. This allows customers to optimise their spending by shifting their consumption to the cheapest time slots.
It is a free-market product, 100% renewable and with no minimum contract term, offering transparent billing and access to real-time consumption data. Thanks to its structure, households with night-time or weekend usage patterns can achieve savings of up to 40% compared to standard regulated market tariffs.
El precio de la tarifa Octopus 3 varía a diario según el mercado mayorista. Por ejemplo, en la última jornada registrada, la franja punta se ha situado en 0,275 €/kWh, llano en 0,185 €/kWh y valle en 0,096 €/kWh (IVA no incluido). Estos valores se actualizan cada madrugada en la app y la web de Octopus Energy, permitiéndote planificar tus horas de mayor consumo.
Si utilizas nuestro comparador de tarifas de luz, podrás consultar al instante los precios actuales y comparar con otras opciones del mercado español. Así, sabrás en tiempo real si te conviene adelantar la lavadora, la carga del coche eléctrico o programar la calefacción para aprovechar las horas más económicas.
