Octopus Flexi: Market-rate tariff
Rate type:
- Market dynamics: the tariff is adjusted in line with market trends, which means that the price of energy may vary depending on current conditions and is reflected in different costs depending on the period.
Energy consumed:
- Peak (P1): The cost is 0.240 €/kWh, which is the highest price, generally associated with periods of peak demand.
- Flat rate (P2): An intermediate price of €0.162/kWh is applied, balancing consumption during periods of moderate demand.
- Valle (P3): The cost is the lowest, at €0.119/kWh, encouraging consumption during off-peak hours.
Power charges:
- Peak (P1): A charge of €0.087/kW/day is set, applicable during periods of higher cost.
- Valle (P2): A reduced charge of €0.017/kW/day is applied, reflecting the lower demand during this period.
| Power P1 | 0.076 €/kWh |
|---|---|
| Power P2 | 0.002 €/kWh |
| Punta Energy | 0.159 €/kWh |
| Valle Energy | 0.081 €/kWh |
Octopus Energy Flexi is an electricity tariff indexed to the wholesale market, whereby the price per kWh varies hourly according to the actual cost of electricity. Unlike fixed or tiered tariffs, there is no set price: customers pay the price set by the market at any given time.
It is designed for customers who wish to pay the actual cost of energy, accepting market volatility in exchange for greater potential savings when prices are low.
How does the Octopus Flexi index-linked tariff work?
It works in the usual way for an index-linked tariff:
- The price per kWh changes every hour depending on the wholesale market.
- The bill shows the actual cost of the electricity consumed during each time band.
- An additional handling fee or trade margin may be added to the market price, depending on the contract. N/A.
- It allows you to take advantage of periods when prices are low, but also to cope with occasional price rises.
It is a transparent tariff, but offers less predictability than a fixed tariff.
Who is this tariff a good option for?
This tariff is particularly well suited if:
- You can time your energy use to coincide with the cheapest times of the day.
- Do you use programmers, timers or home automation systems?
- Are you keeping track of, or are you willing to keep track of, changes in the price of electricity?
- You are looking for potential savings in the medium and long term.
- You accept that your bill may vary from month to month.
It isn’t the best option if you prioritise stability or
Key benefits of the Octopus Flexi index-linked tariff
Price in line with the actual market
You pay for your electricity at the price set by the wholesale market for each hour.
High potential for savings
During periods of low prices, it may work out cheaper than fixed or tiered tariffs.
Transparency regarding energy costs
The price reflects the actual cost of production and demand, without any artificial pricing.
Ideal for active users
It works particularly well if you know how to shift your energy use to off-peak hours.
Points to bear in mind before signing a contract
High price volatility
The cost per kWh can vary significantly from hour to hour and from month to month.
Lower estimate on the bill
The monthly amount is not fixed and may vary significantly.
Requires user involvement
To make the most of it, it is important to keep an eye on prices and adapt your spending habits.
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