Octopus Energy Plans & Rates
Octopus Energy Electricity Plans
Octopus Energy currently offers 16 electricity plans across 6 Texas utility territories, with rates ranging from 10.1¢ to 15.1¢ per kWh at 1,000 kWh usage. The cheapest plan available is Octo Simple 5 - 10.10¢ in the CenterPoint territory. Some plans are backed by 100% renewable energy. Rates shown below are updated multiple times daily and include TDU delivery charges.
| Plan | Rate at 500 kWh | Rate at 1,000 kWh | Rate at 2,000 kWh | Action |
|---|---|---|---|---|
|
Octo Green 10 - 11.00¢ Cheapest 100% Green
|
11.4¢
500 kWh
|
11.0¢
1,000 kWh
|
10.8¢
2,000 kWh
|
Shop |
|
Octo Simple 5 - 11.00¢ Cheapest 100% Green
|
11.4¢
500 kWh
|
11.0¢
1,000 kWh
|
10.8¢
2,000 kWh
|
Shop |
|
Octo Simple 12 - 11.30¢ 100% Green
|
11.7¢
500 kWh
|
11.3¢
1,000 kWh
|
11.1¢
2,000 kWh
|
Shop |
|
OctopusFlex - 13.10¢ 100% Green
|
13.5¢
500 kWh
|
13.1¢
1,000 kWh
|
12.9¢
2,000 kWh
|
Shop |
| Plan | Rate at 500 kWh | Rate at 1,000 kWh | Rate at 2,000 kWh | Action |
|---|---|---|---|---|
|
Octo Simple 5 - 10.10¢ Cheapest 100% Green
|
10.6¢
500 kWh
|
10.1¢
1,000 kWh
|
9.9¢
2,000 kWh
|
Shop |
|
Octo Simple 10 - 10.10¢ Cheapest 100% Green
|
10.6¢
500 kWh
|
10.1¢
1,000 kWh
|
9.9¢
2,000 kWh
|
Shop |
|
Octo Simple 12 - 10.50¢ 100% Green
|
11.0¢
500 kWh
|
10.5¢
1,000 kWh
|
10.3¢
2,000 kWh
|
Shop |
|
OctopusFlex - 12.20¢ 100% Green
|
12.7¢
500 kWh
|
12.2¢
1,000 kWh
|
12.0¢
2,000 kWh
|
Shop |
| Plan | Rate at 500 kWh | Rate at 1,000 kWh | Rate at 2,000 kWh | Action |
|---|---|---|---|---|
|
Octo Simple 5 - 10.70¢ Cheapest 100% Green
|
11.0¢
500 kWh
|
10.7¢
1,000 kWh
|
10.6¢
2,000 kWh
|
Shop |
|
Octo Simple 12 - 11.00¢ 100% Green
|
11.3¢
500 kWh
|
11.0¢
1,000 kWh
|
10.8¢
2,000 kWh
|
Shop |
|
Octo Simple 10 - 11.20¢ 100% Green
|
11.5¢
500 kWh
|
11.2¢
1,000 kWh
|
11.1¢
2,000 kWh
|
Shop |
|
OctopusFlex - 13.20¢ 100% Green
|
13.5¢
500 kWh
|
13.2¢
1,000 kWh
|
13.0¢
2,000 kWh
|
Shop |
| Plan | Rate at 500 kWh | Rate at 1,000 kWh | Rate at 2,000 kWh | Action |
|---|---|---|---|---|
|
Octo Simple 5 - 14.20¢ Cheapest 100% Green
|
14.5¢
500 kWh
|
14.2¢
1,000 kWh
|
14.0¢
2,000 kWh
|
Shop |
|
Octo Simple 12 - 14.40¢ 100% Green
|
14.7¢
500 kWh
|
14.4¢
1,000 kWh
|
14.2¢
2,000 kWh
|
Shop |
|
Octo Green 10 - 14.60¢ 100% Green
|
15.0¢
500 kWh
|
14.6¢
1,000 kWh
|
14.5¢
2,000 kWh
|
Shop |
|
OctopusFlex - 15.10¢ 100% Green
|
15.4¢
500 kWh
|
15.1¢
1,000 kWh
|
14.9¢
2,000 kWh
|
Shop |
| Plan | Rate at 500 kWh | Rate at 1,000 kWh | Rate at 2,000 kWh | Action |
|---|---|---|---|---|
|
Octo Simple 5 - 10.10¢ Cheapest 100% Green
|
10.6¢
500 kWh
|
10.1¢
1,000 kWh
|
9.9¢
2,000 kWh
|
Shop |
|
Octo Simple 10 - 10.10¢ Cheapest 100% Green
|
10.6¢
500 kWh
|
10.1¢
1,000 kWh
|
9.9¢
2,000 kWh
|
Shop |
|
Octo Simple 12 - 10.50¢ 100% Green
|
11.0¢
500 kWh
|
10.5¢
1,000 kWh
|
10.3¢
2,000 kWh
|
Shop |
|
OctopusFlex - 12.20¢ 100% Green
|
12.7¢
500 kWh
|
12.2¢
1,000 kWh
|
12.0¢
2,000 kWh
|
Shop |
| Plan | Rate at 500 kWh | Rate at 1,000 kWh | Rate at 2,000 kWh | Action |
|---|---|---|---|---|
|
Octo Simple 5 - 10.70¢ Cheapest 100% Green
|
11.0¢
500 kWh
|
10.7¢
1,000 kWh
|
10.6¢
2,000 kWh
|
Shop |
|
Octo Simple 12 - 11.00¢ 100% Green
|
11.3¢
500 kWh
|
11.0¢
1,000 kWh
|
10.8¢
2,000 kWh
|
Shop |
|
Octo Simple 10 - 11.20¢ 100% Green
|
11.5¢
500 kWh
|
11.2¢
1,000 kWh
|
11.1¢
2,000 kWh
|
Shop |
|
OctopusFlex - 13.20¢ 100% Green
|
13.5¢
500 kWh
|
13.2¢
1,000 kWh
|
13.0¢
2,000 kWh
|
Shop |
About Octopus Energy
Octopus Energy was founded in 2016 in London by Greg Jackson and has grown into one of the world's largest energy retailers, serving over 8 million customers globally. The company entered the Texas market through Octopus Energy LLC, holding PUCT certificate #10262, and also operates under the Evolve Energy trade name. Octopus is known for its proprietary Kraken technology platform, which powers energy operations for utilities worldwide. The company is backed by significant investment from Generation Investment Management (co-founded by Al Gore) and CPP Investments.
Octopus Energy FAQ
Common questions about Octopus Energy electricity plans, rates, and service areas.
What areas does Octopus Energy serve?
Octopus Energy offers plans in six Texas deregulated TDU territories: Oncor, CenterPoint, AEP Texas Central, AEP Texas North, TNMP, and Sharyland. Enter your ZIP code to confirm availability and see rates for your territory.
Are Octopus Energy electricity rates competitive?
Octopus Energy rates currently average 11.8¢/kWh across 6 Texas territories, with the cheapest plan at 10.1¢/kWh in CenterPoint. Rates vary by territory because each TDU has different delivery charges. All rates on this page are refreshed multiple times daily.
What causes price differences across Octopus Energy service areas?
The price differences come from TDU delivery charges, which are set by your local utility — not by Octopus Energy. Oncor, CenterPoint, AEP Texas, and other TDUs each have different per-kWh delivery rates and fixed monthly fees, so the same plan will have a different all-in price depending on your territory.
Can I get a short-term plan from Octopus Energy?
Octopus Energy offers contract terms from 5 to 12 months. Shorter terms give you flexibility to switch sooner, while longer terms typically lock in a lower rate. Early cancellation fees apply: 10-month plan: $150; 5-month plan: $150; 12-month plan: $150.
What do I need to enroll with Octopus Energy?
You'll need your service address (or ZIP code), a valid ID, and your Social Security number for a credit check. Some plans may not require a credit check or deposit. Select a plan above to start enrollment. The switch typically completes in 1-3 business days with no service interruption.