By supplier
Octopus Energy business renewal: what to do
Short answer
Octopus Energy publishes its business out-of-contract (deemed) rates on its website. If your fixed business contract is ending, compare those rates with the renewal offer and with other suppliers before your end date.
Key takeaways
- Octopus publishes its business out-of-contract rates.
- Compare them with renewal and fixed offers before your end date.
- Microbusiness protections apply whoever your supplier is.
Energy Sorted isn’t connected to Octopus Energy. The supplier details below come from Octopus Energy’s own website and were checked in November 2026. Suppliers change their processes, so check your own letter and terms.
What Octopus Energy says about renewals
| Question | What Octopus Energy says |
|---|---|
| Are out-of-contract rates published? | Yes. Octopus links to its business out-of-contract electricity rates from its business terms, with separate pages for half-hourly and non-half-hourly supplies. |
| Where are the terms? | In Octopus’s General Terms and Conditions for Businesses on its website. |
Source: Octopus Energy business terms and conditions (octopus.energy).
Your rights if you are a microbusiness
Whoever your supplier is, Ofgem’s rules for microbusinesses apply:
- A renewal letter (Statement of Renewal Terms) around 60 days before a fixed contract ends, showing current and new prices and your annual use. See your renewal letter.
- Your supplier can’t make you give notice of your intention to switch.
- No back-bills for energy used more than 12 months ago that you weren’t correctly billed for.
- Free access to the Energy Ombudsman if a complaint isn’t resolved in 8 weeks.
Not sure if you’re a microbusiness? See microbusiness energy rights.
What to do now
- Find your end date on your bill, online account or renewal letter.
- Work out your annual cost on the renewal offer: annual kWh × unit rate, plus 365 × standing charge. Do the same for your current rates.
- Check what happens if you do nothing. That rate is usually higher than a new fixed contract.
- Compare before you accept. The renewal offer is one price from one supplier. You can stay with Octopus Energy or move.
- Line up the start date of any new contract with your current end date.
Sources
- Octopus Energy: General Terms and Conditions for Businesses (octopus.energy)
- Ofgem: Energy advice for businesses (ofgem.gov.uk)
Questions
Does Octopus offer business fixed contracts?
Yes. Get a quote for your own site, as business prices depend on your meter, use and location.
Can I switch away from Octopus at the end of my contract?
Yes. Agree a new contract that starts on your end date.
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