Compare Octopus Energy Rates

Author:
Linda Tognini
Editor:
Tim Wasson
Last Updated:
2-4-2026

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cheapest Octopus Energy Electricity rates and plans in Texas
36 Month Bill Credit
provider name gold rating
10.9 ¢ effective rate per kWh

GridEdge 36

call 866-773-6832
  • 36
  • monthsmo.
  • Avg. BillAvg.
  • $138
Plan Details
GridEdge 36 Details
  • Early Termination Fee: $15 x Month
  • bill-credit
  • 36 Months
(Note: The Early Termination Fee will not be charged if you end your contract early because you are moving out.)

Safe-Rate™ Analysis:

Safe-Rate™ Score: 4.5 out of 10

Our Safe-Rate™ Score for this plan is considered Low.

A lower Safe-Rate™ score indicates more pricing volatility and less predictable bills from month-to-month.

The table below estimates what your average price per kWh would be for different monthly energy usage:

Monthly Usage 250 kWh500 kWh750 kWh1000 kWh1250 kWh1500 kWh1750 kWh2000 kWh2250 kWh2500 kWh2750 kWh3000 kWh
Average Price Per kWh 21.4¢ 20.4¢ 20.1¢ 10.9¢ 12.6¢ 13.8¢ 14.6¢ 15.2¢ 15.7¢ 16.0¢ 16.4¢ 16.6¢

TruBill™ Estimations

Using our TruBill™ algorithm, we estimate your monthly electricity bill based on typical home energy usage.

Minimum and maximum bills reflect normal seasonal changes (summer AC vs. mild weather), and the average bill represents the midpoint across those seasonal differences.

Monthly Usage Minimum Bill Maximum Bill Average Bill Average Annual Cost
Small Homes (500-1,200 sq. ft.) - Apartments, Condos, Starter Homes
250 kWh $41.38 $87.24 $48.00 $576.00
500 kWh $75.76 $159.73 $88.00 $1,056.00
750 kWh $105.14 $221.67 $122.00 $1,464.00
1000 kWh
ⓘ

Total bill credit at this usage: $90. Applies to this usage and all higher usages. Bills are adjusted accordingly.

 $118.71 $250.28 $138.00 $1,656.00
Average Homes (1,300-2,200 sq. ft.) - Typical 3-4 Bedroom Family Homes
1250 kWh $142.70 $300.85 $166.00 $1,992.00
1500 kWh $183.87 $387.64 $214.00 $2,568.00
1750 kWh $225.19 $474.75 $262.00 $3,144.00
2000 kWh $266.46 $561.77 $310.00 $3,720.00
Large Homes (2,300-3,500+ sq. ft.) - Multi-AC Homes, Large Families
2250 kWh $307.69 $648.70 $358.00 $4,296.00
2500 kWh $349.18 $736.17 $407.00 $4,884.00
2750 kWh $390.72 $823.73 $455.00 $5,460.00
3000 kWh $432.16 $911.11 $503.00 $6,036.00

Energy Guide For Cost Range of Similar Plans

Advertised Rate Cost at 1000 kWh

Your Plan's Cost: 10.9¢
9.2¢
Lowest Rate
10.7¢
12.1¢
13.6¢
15.0¢
16.5¢
Highest Rate
25th percentile of plans (10.3¢)
75th percentile of plans (14.0¢)

Our Assessment:

This is a "Bill Credit" plan, it includes a 14.5¢ per kWh energy charge, which is offset by a $90.00 bill credit if you use at least 1000kWh of energy per month. If you do not qualify for the bill credit, your bill could be larger than expected.

For a more predictable bill, you should choose a "Fixed Rate" plan.

Plan Renewal:

If you order this plan and start it today, you will be up for renewal 36 months from now in March of 2029.

Since this plan expires in March, you can take advantage of seasonally lower rates when you renew.

Electricity rates are generally highest from June through September.

or call 866-773-6832
Rates as of Mar 12, 2026 at 03:23 PM

Our Take on Octopus Energy

Our Rating:
help
How We Rate

We aggregate data from multiple sources, including our customer reviews, rates, Public Utility Commission statistics, JD Power ratings, Better Business Bureau, and surveys.

Octopus Energy is just getting started in the US, but they're already a big deal in most of Europe, Australia, Japan, and New Zealand. Their value prop is a cheaper, more sustainable energy system faster and cheaper through technology. They offer great mobile applications, push electric vehicles and renewable technologies, solar batteries and heat pumps, and they're creating software platforms used by other energy providers. In other words, they talk the talk, but they're also walking the walk. And they're doing it in 18 countries across 4 continents.

Short answer, Yes. They've got competitive, transparent plans that mean no bill surprises for customers, and all of their plans are 100% green energy. They were one of the fastest growing companies in Europe for a reason, and they seem to be bringing that strategy to the US.

Octopus has a good reputation, and they're operating in Texas like the tortoise, as opposed to the hare. They're just slowly building their business and customer base, and doing their best to retain them through good customer service and technology.

For a provider that's been operating in Texas for quite a few years, Octopus has kept a low profile. Their google reviews are positive, but they've had some customer complaints with the PUC.
Pros
  • thumb_up100% Green Energy Company
  • thumb_upBill Transparency
  • thumb_upGreat Customer Apps
Cons
  • thumb_downMid-pack rates
  • thumb_downNot Well Known

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Shopping Tips

Use the Safe-Rate Score to see how closely a plans advertised rate matches what youll actually pay. Higher scores mean more stable pricing and fewer billing surprises.

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Choose the contract length that fits your lifestyle from short-term flexibility to long-term price stability. Longer terms often help you lock in lower rates.

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