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. <\/p>\n
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.<\/p>\n
It works in the usual way for an index-linked tariff:<\/p>\n
It is a transparent tariff, but offers less predictability than a fixed tariff.<\/p>\n
This tariff is particularly well suited if:<\/p>\n
It isn\u2019t the best option if you prioritise stability or<\/p>\n
Price in line with the actual market<\/strong><\/p>\n You pay for your electricity at the price set by the wholesale market for each hour.<\/p>\n High potential for savings<\/strong><\/p>\n During periods of low prices, it may work out cheaper than fixed or tiered tariffs.<\/p>\n Transparency regarding energy costs<\/strong><\/p>\n The price reflects the actual cost of production and demand, without any artificial pricing.<\/p>\n Ideal for active users<\/strong><\/p>\n It works particularly well if you know how to shift your energy use to off-peak hours.<\/p>\n High price volatility<\/strong><\/p>\n The cost per kWh can vary significantly from hour to hour and from month to month.<\/p>\n Lower estimate on the bill<\/strong><\/p>\n The monthly amount is not fixed and may vary significantly.<\/p>\n Requires user involvement<\/strong><\/p>\n To make the most of it, it is important to keep an eye on prices and adapt your spending habits.<\/p>\nPoints to bear in mind before signing a contract<\/strong><\/h2>\n