Octopus Energy vs Iberdrola
Live Comparison • July 2026
A detailed head-to-head comparison covering rates, typical bills, pros & cons, and features to help you decide which is better for your home.
Our Verdict
Overall Winner: Lowest Typical Bill
For a typical Spanish household (3.6kW Potencia, 300kWh monthly usage), Octopus Energy is the cheaper option. Their Octopus Relax tariff results in an estimated monthly bill of €66.41 (including taxes). This compares to Iberdrola's best option (Plan Online) at €71.75 per month.
Octopus Energy Best Bill
€66.41
Iberdrola Best Bill
€71.75
* Assumption: 3.6 kW contracted power, 300 kWh monthly usage (20% peak, 30% flat, 50% off-peak), including 21% IVA, 5.11% Electricity Tax, and ~€1 meter rental.
Best Flat Rate
Octopus Energy wins here. Their flat rate is 0.103 €/kWh compared to Iberdrola's 0.1199 €/kWh.
Best Time-of-Use Rate
Octopus Energy has cheaper off-peak hours (0.079 €/kWh vs 0.09999 €/kWh).
Scorecard Comparison
| Metric (1-10) | Octopus Energy | Iberdrola |
|---|---|---|
| Price Competitiveness | 8 | 6 |
| Solar Suitability | 10 | 7 |
| EV Suitability | 10 | 7 |
| Simplicity | 9 | 5 |
| Customer Service | 9 | 5 |
| Transparency | 9 | 5 |
Full Head-to-Head Comparison
Octopus Energy
4.8 / 5 (16,000+ reviews)
Founded2015
Customers500,000+
Energy100% Renewable
Pros
- Best choice for EV owners
- Excellent solar compensation
- Simple, no-BS billing
- Highly rated app
Cons
- Potencia rates are slightly higher than some peers
- Frequent but small rate adjustments
Available Tariffs
Octopus Solar
Est. Monthly Bill€74.31
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (P1 / P2 / P3)
0.209 / 0.118 / 0.093
€/kWh
Potencia (P1 / P2)0.093 / 0.093 €/kW
Solar Export0.035 €/kWh
Fixed FeeNone
Octopus 3
Est. Monthly Bill€67.44
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (P1 / P2 / P3)
0.184 / 0.098 / 0.079
€/kWh
Potencia (P1 / P2)0.093 / 0.093 €/kW
Solar ExportN/A
Fixed FeeNone
Octopus Go
Est. Monthly Bill€87.03
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (P1 / P2 / P3)
0.248 / 0.248 / 0.104
€/kWh
Potencia (P1 / P2)0.11 / 0.024 €/kW
Solar ExportN/A
Fixed FeeNone
Octopus Flexi
Est. Monthly Bill€73.43
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (P1 / P2 / P3)
0.224 / 0.16 / 0.136
€/kWh
Potencia (P1 / P2)0.076 / 0.002 €/kW
Solar ExportN/A
Fixed FeeNone
Octopus Relax
Est. Monthly Bill€66.41
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (24h)0.103 €/kWh
Potencia (P1 / P2)0.093 / 0.093 €/kW
Solar Export0.01 €/kWh
Fixed FeeNone
Iberdrola
4.2 / 5 (14,000+ reviews)
Founded1992
Customers11,000,000+
EnergyMixed (Major Renewables Focus)
Pros
- Massive investment in renewables
- Top-tier mobile app
- Strong physical presence
- Excellent reliability
Cons
- Standard plans can be expensive
- Occasional billing errors reported
- Large corporate structure
Available Tariffs
Plan Más Ahorro
Est. Monthly Bill€82.45
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (24h)0.1711 €/kWh
Potencia (P1 / P2)0.1042 / 0.0104 €/kW
Solar ExportN/A
Fixed FeeNone
Plan Planazo
Est. Monthly Bill€89.63
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (24h)0.1899 €/kWh
Potencia (P1 / P2)0.1042 / 0.0104 €/kW
Solar ExportN/A
Fixed FeeNone
Plan Online
Est. Monthly Bill€71.75
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (24h)0.1199 €/kWh
Potencia (P1 / P2)0.119151 / 0.058877 €/kW
Solar ExportN/A
Fixed FeeNone
Plan Estable
Est. Monthly Bill€83.55
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (24h)0.143331 €/kWh
Potencia (P1 / P2)0.116411 / 0.082164 €/kW
Solar ExportN/A
Fixed FeeNone
Plan Online 3 Periodos
Est. Monthly Bill€75.45
Based on a typical profile: 3.6kW Potencia, 300kWh monthly usage (20% P1, 30% P2, 50% P3), plus standard IVA (21%), Electricity Tax (5.11%), and ~1€ meter hire.
Energy (P1 / P2 / P3)
0.194 / 0.136 / 0.09999
€/kWh
Potencia (P1 / P2)0.119151 / 0.058877 €/kW
Solar ExportN/A
Fixed FeeNone
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