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.<\/p>\n
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.<\/p>\n
This tariff divides the day into three time periods (peak, standard and off-peak), each with its own fixed price:<\/p>\n
There is no exposure to daily market rises, but there are clear differences between trading sessions.<\/p>\n
This tariff is particularly well suited if:<\/p>\n
It is a middle ground between a 24-hour flat rate and an index-linked tariff.<\/p>\n
Fixed price for each period<\/strong><\/p>\n Each section has a fixed price, which provides predictability within each time slot.<\/p>\n Potential savings based on habits<\/strong><\/p>\n If you concentrate your consumption during off-peak hours, the average cost may be lower than that of a 24-hour flat-rate tariff.<\/p>\n Lower exposure to market volatility<\/strong><\/p>\n It does not depend on the hourly price on the wholesale market, thereby reducing uncertainty.<\/p>\n Suitable for households with flexible energy consumption<\/strong><\/p>\n It works well when there is a genuine ability to shift consumption to cheaper time slots.<\/p>\n Requires attention to timetables<\/strong><\/p>\n If you mainly use electricity during peak hours, it may work out more expensive than a 24-hour flat-rate tariff.<\/p>\n More complex than a 24-hour tariff<\/strong><\/p>\n It is important to understand the time slots and adapt your habits to make the most of them.<\/p>\nPoints to bear in mind before signing a contract<\/strong><\/h2>\n