Where does Octopus Energy get its data?

The octopus is known for its remarkable intelligence, and here at Octopus Energy we’re using all of ours to bring you the most up-to-date and transparent data.

Octopus Average Wholesale Rate

The Octopus rate is calculated based on average member rates over the previous 12 months. This includes all fees & taxes.

Octopus Average Savings

Savings are calculated by comparing what our members paid with OctoFlex vs what they would have paid with the Texas Green Average. Calculations are based off average Octopus member usage of 1,500 kWh/month. The OctoFlex rate is 8.39¢ and the Texas Average is 12.1¢.

40% Savings

This is calculated using actual Octopus member rates vs. the Texas Green Average as published by the U.S. Department of Energy (EIA) and is based on a smart load profile that is adjusted for usage based on pricing spikes and lows. The EIA rate is based on the most recent data they have published. For the year 2020, that represents Octopus data through October 2020 and EIA through Sep 2020.

Wholesale Rates Are Cheaper 96% Of The Time

This percentage is based on recent ERCOT data. It is calculated by measuring the number of times Octopus's 15 minute Wholesale Energy Rate was lower than the average market rate over a 12-month period.

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