Octopus Energy Plans & Rates

Global green energy company bringing innovative technology and renewable plans to Texas
Updated
Octopus Energy logo
12.8¢
Avg Rate
12–18 mo
Terms
16
Plans
6
Territories
75+Providers
5M+Shoppers
20+Years online
01

Octopus Energy Electricity Plans

Octopus Energy currently offers 16 electricity plans across 6 Texas utility territories, with rates ranging from 8.8¢ to 16¢ per kWh at 1,000 kWh usage. The cheapest plan available is Octopus Lite 12 - 8.80¢ 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.

Octopus Energy electricity plans and rates for the Oncor territory (Dallas–Fort Worth, Waco, Midland, Tyler), sorted by price at 1,000 kWh
Plan Rate at 500 kWh Rate at 1,000 kWh Rate at 2,000 kWh Action
Octopus Lite 12 - 9.80¢ Cheapest 100% Green
12 mo · Fixed View EFL
22.7¢
500 kWh
9.8¢
1,000 kWh
15.8¢
2,000 kWh
 Shop
Octo Simple 12 - 12.00¢ 100% Green
12 mo · Fixed
12.4¢
500 kWh
12.0¢
1,000 kWh
11.8¢
2,000 kWh
 Shop
OctopusFlex - 13.70¢ 100% Green
12 mo · Fixed
14.1¢
500 kWh
13.7¢
1,000 kWh
13.5¢
2,000 kWh
 Shop
Octo Simple 18 - 13.80¢ 100% Green
18 mo · Fixed
14.2¢
500 kWh
13.8¢
1,000 kWh
13.6¢
2,000 kWh
 Shop
Dallas–Fort Worth, Waco, Midland, Tyler · Rates at 1,000 kWh include delivery
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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.

PUC License
#10262
Parent Company
Octopus Energy Group
Headquarters
London, UK (Texas operations)
Founded
2016
Residential Electricity 100% Renewable Energy
03

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.

What are Octopus Energy's current rates?

Rates range from 8.8¢ to 16¢/kWh depending on the plan and territory, with an average of 12.8¢/kWh. The lowest rate is currently in the CenterPoint territory. Rates on this page update multiple times daily.

Why do Octopus Energy rates differ by territory?

Each TDU (Transmission and Distribution Utility) charges different delivery rates that are passed through to your bill. The same Octopus Energy plan can cost several cents more per kWh in one territory vs. another because of these delivery charge differences.

What contract lengths does Octopus Energy offer?

Octopus Energy currently offers fixed-rate plans ranging from 12 to 18 months. Early termination fees apply if you cancel before your contract ends. Current ETFs: 12-month plan: $150; 18-month plan: $200.

How do I switch to Octopus Energy?

Choose a plan and enroll online or by calling their customer service line. Your new provider coordinates the switch with your TDU — power stays on during the changeover, typically within 1-3 business days.

Sources & Notices

These are real-time rates from the ElectricChoice.com electric rate and plan marketplace. The inclusion, exclusion, ranking, or naming of any rate, plan, or provider on this page does not constitute an endorsement or recommendation. Listed rates may not account for all plan features, fees, etc.