Octopus Energy vs Iberdrola
Live Comparison • September 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), Iberdrola is the cheaper option. Their Plan Online 3 Periodos tariff results in an estimated monthly bill of €65.22 (including taxes). This compares to Octopus Energy's best option (Octopus 3) at €76.33 per month.
Octopus Energy Best Bill
€76.33
Iberdrola Best Bill
€65.22
* 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
Iberdrola wins here. Their flat rate is 0.1249 €/kWh compared to Octopus Energy's 0.133 €/kWh.
Best Time-of-Use Rate
Iberdrola has cheaper off-peak hours (0.09999 €/kWh vs 0.104 €/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€85.49
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)
0.243 / 0.148 / 0.12
€/kWh
Potencia (P1 / P2)0.093 / 0.093 €/kW
Solar Export0.035 €/kWh
Fixed FeeNone
Octopus 3
Est. Monthly Bill€76.33
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)
0.174 / 0.124 / 0.114
€/kWh
Potencia (P1 / P2)0.093 / 0.093 €/kW
Solar ExportN/A
Fixed FeeNone
Octopus Go
Est. Monthly Bill€100.82
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)
0.294 / 0.294 / 0.104
€/kWh
Potencia (P1 / P2)0.11 / 0.06 €/kW
Solar ExportN/A
Fixed FeeNone
Octopus Flexi
Est. Monthly Bill€86.82
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)
0.246 / 0.179 / 0.186
€/kWh
Potencia (P1 / P2)0.076 / 0.002 €/kW
Solar Export0.035 €/kWh
Fixed FeeNone
Octopus Relax
Est. Monthly Bill€77.86
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)0.133 €/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€88.16
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)0.16191 €/kWh
Potencia (P1 / P2)0.109562 / 0.071205 €/kW
Solar Export0.05 €/kWh
Fixed FeeNone
Plan Online
Est. Monthly Bill€75.19
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)0.1249 €/kWh
Potencia (P1 / P2)0.119151 / 0.069836 €/kW
Solar ExportN/A
Fixed FeeNone
Plan Estable
Est. Monthly Bill€83.10
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)0.148644 €/kWh
Potencia (P1 / P2)0.109562 / 0.071205 €/kW
Solar ExportN/A
Fixed FeeNone
Plan Online 3 Periodos
Est. Monthly Bill€65.22
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)0.091074 / 0.013483 €/kW
Solar ExportN/A
Fixed FeeNone
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