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Octopus Fixed Tariffs 2026
Comments
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I don't recall that happening, but if you look at the history of Octopus they have really only used them at times of high uncertainty in the market, which was I think only twice before this year…
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I'm at that point approaching the end of my fix (the delightful November 2025 V3) where I need to take a giant leap into the unknown…sorry, change tariff.
Lordy - it's not fun out there, is it!
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00 at 31/12/25 = £ 91,100.00
Balance as at 31/08/26 = £ 84,500.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Yep, there's a lot of us that jumped on that November tariff last year, about to start crying.
I'll go from 0.0473p to 0.081p if I took today's 12m fix. (East Midlands).
Just calculating costs of electric vs gas heating on that 0.081p tariff.
One hour of gas central heating = 99p. (haven't factored in the extra electric used while that's running).
One hour of multisplit heatpump in heat mode → 2 indoor units (lounge/kitchen/diner and bedroom) = 35p.
I need to re-check those figures, after a less tiring day but 😱 !
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Look back to the first page of this thread, that November fix was ok at the time.
Somewhere along the line you have missed the Feb 26 Fix, but even for those of us on that it's only a few more months of comfort and is going to be a tearful switch too.
I have a friend on the Nov fix. The right thing was probably to have bailed already, but it's hard.
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Yes - IIRC I did the sums on the February fix which was good, but would only have gained us a handful of months and would have lead to us paying higher unit rates and SC through the end of winter and summer months - it just didn't add up to jump off the well priced November one!
It's just impossible to know what to do isn't it. I'm just going to keep an eye on things for the next little while then decide whether there is a fix worth having - I'm guessing that how things go in the US mid-terms could make a huge difference to how things unfold - but even that could be in either direction!
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00 at 31/12/25 = £ 91,100.00
Balance as at 31/08/26 = £ 84,500.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
A lot of people would love to have a gas price of 0.081p, at this rate the 8.1p tariff will catch up with my 9p low s/c tariff, post January rate does not matter for me as the gas is whacked off at the meter until December, at the price of waking up in the morning to a delightful cold water shower.
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Octopus 12M Fixed October 2026 v5
Octopus 18M Fixed October 2026 v5
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Can one choose a new fixed tariff to come into effect at the end of the current tariff, but potentially then cancel that tariff without penalty before it comes into effect? I ask because mine runs out just before Christmas, and I'd be able to hedge my bets by locking in a tariff now that I could later discard if a better one came along.
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You have a 14 day cooling off period from the date you requested the switch, rather than the date the new tariff comes into effect.
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Octopus will usually allow you to lock-in your new tariff to run from the end of your old fixed tariff from 49 days before your current fix expires, so probably a little early to do that if your current tariff isn't expiring until close to Christmas…
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