Octopus Energy Products and Services
Octopus Energy is the Texas arm of a much bigger utility company of the same name. The parent company operates in 6 different countries. The company has a stated goal of ending the global reliance on fossil fuels. They aim to sell green energy products and create technology to make green energy more widespread and more affordable.
The Texas division of this larger conglomerate is a Houston based electric company that sells green energy plans in all deregulated parts of Texas. The company joins a growing list of retail electricity providers that focus exclusively on green energy plans and services related to renewable energy such as solar buy-back programs.
Octopus’ service is compatible with smart thermostats. They claim to have no hidden fees or exit fees.
Other names they may do business under include: Evolve Energy
Octopus Energy Plans
These are some of the plans they offer Texas customers:
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OctoPlus 36 – Fixed rate 36 month plan
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OctoPlus 24 – Fixed rate 24 month plan
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OctoGo 24 – Fixed rate 12 month plan
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OctoPlus 12 – Fixed rate 12 month plan
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OctoExtra 365 – Fixed rate 12 month plan that includes Amazon Prime
How do Octopus Energy’s electricity rates compare to other Texas electric companies?
Oncor area Electricity Rates
Compare these rates from other electric companies in Fort Worth to Octopus’s rates
| Electric Company | Plan Name | Electricity Rate |
|---|---|---|
| BKV energy | The Lantana 15 | 14.2¢/kWh |
| Frontier Utilities | Frontier Saver Plus 24 | 11.3¢/kWh |
| Gexa | Gexa Eco Saver Plus 24 | 11.3¢/kWh |
| 4Change Energy | Maxx Saver Select 24 | 11.3¢/kWh |
| Cirro Energy | Smart Simple 12 | 15.6¢/kWh |
| Trieagle | Sure Value 36 | 12.9¢/kWh |
| Direct Energy | Autopay Texas 12 | 16.3¢/kWh |
| Green Mountain Energy | Pollution Free e-Plus | 17.4¢/kWh |
| TXU | Clear Deal 12 | 13.9¢/kWh |
| 4Change Energy | Maxx Saver Select 12 | 11.1¢/kWh |
| Gexa | Gexa Eco Saver Lite 12 | 19.1¢/kWh |
| Express Energy | Flash 24 | 11.3¢/kWh |
| Veteran Energy | Veteran Energy Valor 36 | 12.8¢/kWh |
| Reliant | Reliant Power On 12 | 19.9¢/kWh |
| Payless Power | Rate Lock 12 | 18.3¢/kWh |
Centerpoint Area Electricity Rates
Compare these rates from other electricity providers in Sugar Land to Octopus’s rates
| Electric Company | Plan Name | Electricity Rate |
|---|---|---|
| Frontier Utilities | Frontier Saver Plus 24 | 11.3¢/kWh |
| BKV Energy | The Lantana 15 | 15.0¢/kWh |
| Gexa | Eco Saver Plus 24 | 11.3¢/kWh |
| 4Change Energy | Maxx Saver Select 24 | 11.3¢/kWh |
| Cirro Energy | Smart Simple 12 | 17.1¢/kWh |
| Trieagle | Sure Value 36 | 12.5¢/kWh |
| Direct Energy | Autopay Texas 12 | 16.7¢/kWh |
| Veteran Energy | Veteran Energy Valor 36 | 12.4¢/kWh |
| TXU | Clear Deal 12 | 14.9¢/kWh |
| 4Change Energy | Maxx Saver Select 12 | 12.1¢/kWh |
| Gexa | Eco Saver Lite 12 | 20.5¢/kWh |
| Express Energy | Flash 24 | 12.1¢/kWh |
| Green Mountain Energy | Pollution Free e-Plus | 17.8¢/kWh |
| Reliant | Power on 12 | 17.9¢/kWh |
| Ambit Energy | Lone Star Classic 12 | 19.5¢/kWh |
| Payless Power | Rate Lock 6 | 18.9¢/kWh |
Octopus Energy Contact Information
| Phone number: | 833-628-6888 |
| Website Address: | https://octopusenergy.com |
| Mailing Address: | 114 Main Street, Suite 500 |
| Online Billpay | Sign in to your account | Octopus Energy |
Octopus Energy Reviews and Ratings
Octopus Energy is not BBB accredited and has no customer reviews through the BBB.
Texas Power To Choose Rating – 1/5 stars
Complaints Against Octopus Energy
In the second half of 2022 there were 10 complaints against Octopus Energy filed with the Texas PUC. The types of complaints breaks down as follows:
Total complaints filed with the Texas PUC for the second half of 2022
| Slamming | 0 |
| Cramming | 0 |
| Billing | 7 |
| Quality of Service | 0 |
| Disconnection of Service | 1 |
| Provision of Service | 2 |
| All Other | 0 |
| Total Complaints | 10 |
Click here to see up to date complaint statistics for Octopus Energy
They have a Texas PUC Scorecard of 1 out of 5. This is the lowest ranking.
Octopus Energy in the news:
Octopus Energy acquires Texas retail electricity provider.
Octopus Energy rolls out Superpower Savings Program in Texas
What Electric Companies are similar to Octopus Energy
The market for electricity providers focusing on renewable energy is getting crowded in Texas. The growing list of participants include: Cleansky Energy, Gexa Energy, Infuse Energy, and many more. The Texas market is perfectly placed for growth in renewable energy. Texas has a large base of wind energy production and a large untapped potential for solar energy. Because the Texas market is open to competition, it creates the perfect environment for new and innovative approaches to electricity products.