Octopus Energy Business Referral Code – £100 (2025)

Last reviewed: 21st March 2025

Switching to a new energy supplier can sometimes feel complicated, especially if you haven’t done it before.

However, if you’re thinking about moving your business energy account, Octopus Energy is definitely worth considering. They focus on renewable energy, offer fair prices, and provide excellent customer service. On top of that, they have a special business referral scheme that can help you save even more money by using our unique business referral code.

In this guide, we’ll look at why Octopus Energy is a good choice for businesses, how to claim your £100 referral credit (which is double the usual £50 offered to households), and the simple steps you need to take to switch.

If you like Octopus Energy’s service, you can even refer other businesses and earn more credit along the way to help pay your business’s energy bills.

Why Octopus Energy is a popular option for businesses

Many people have heard of Octopus Energy because they’ve become known for good prices and strong environmental credentials. They have even received positive words from Martin Lewis.

Here are some reasons why businesses, large or small, might find them appealing:

• Renewable Focus: Octopus Energy supplies 100% renewable electricity. This can be a big selling point for companies that care about lowering their carbon footprint.
• Competitive Rates: Octopus regularly offers competitive prices for its tariffs. This is especially important for businesses trying to keep operating costs in check.
• Straightforward Billing: Many customers praise Octopus for providing clear, simple bills without hidden charges. Knowing exactly what you’re paying for helps with budgeting.
• Award-Winning Customer Service: Multiple review platforms show that Octopus scores highly for customer satisfaction. Quick responses and problem-solving are often mentioned in customer feedback.

Overall, if you want to save money and make your business more eco-friendly, Octopus Energy may be the right fit.

Understanding the £100 referral credit for businesses

One of the biggest attractions for new business customers is Octopus Energy’s special referral credit.

Here’s how it works:

• £100 Credit for business customers: While households get £50 when they join using a referral, businesses get £100. This is a straightforward credit on your Octopus account, which you can use to lower your energy bills.
• Why this matters: Energy bills can be a significant expense, especially for larger companies. Knocking £100 off is a nice bonus that can help you manage your costs more easily when you first switch.

It’s important to remember that businesses cannot claim this credit by clicking on a normal referral link (like households do). Instead, you must sign up as a business and provide the referral code “bold-lion-941” either by email or over the phone. You can sign up here on their special business signup page, just remember to contact them afterwards with the referral code “bold-lion-941” once you have started your switch.

Step-by-Step: How to switch and get your £100 credit

Even though the process might feel new or complex, switching to Octopus Energy is usually quite straightforward. Follow these steps to make sure you get the full referral bonus:

1. Check your existing contract
   Before making any moves, have a look at your current energy contract. Some suppliers have exit fees or notice periods that could affect the overall cost of switching. Switching is often much easier if you’re near the end of your contract. If you have large exit fees to pay however, it may be worth waiting until closer to the end of your contract before switching.
2. Find the right Octopus business tariff
   Visit the Octopus Energy website and look at their business tariffs. They usually offer a few different types, ranging from fixed rates (where your price stays the same for a set time) to flexible or variable rates (which can go up or down with the market). The site will give you an estimate of your monthly or annual bills. Octopus now even offer a business energy tariff with zero standing charges.
3. Sign up for a business account
   Start the sign-up process online by choosing the right tariff for your company. You’ll provide basic details, like your business address and your estimated usage. This helps Octopus Energy set up the correct plan for you.
4. Contact Octopus with the referral code “bold-lion-941”
   This is the most important step. Because businesses can’t just click a referral link, you have to email or phone Octopus Energy to let them know you have the code “bold-lion-941”. Double-check they apply it to your account so you can receive the full £100 credit.
5. Octopus handles the switch
   After finalising everything, Octopus will contact your existing supplier and handle the transition. You shouldn’t experience any interruption in your energy supply. Once the switch is complete, you’ll see the £100 credit appear in your new account.

What makes the £100 referral credit so valuable?

• Instant bill relief: The credit reduces your immediate outgoings, helping manage cash flow. This is especially helpful if your business uses a lot of energy and faces larger bills.
• Better than the household offer: Households get £50 when they join through a referral, but business customers get £100, which is double. That’s a real boost right from the start!
• Ongoing savings: If you like Octopus Energy, you can share your business referral code with other companies, earning your own credit each time someone switches with it.

Tips to make the most of Octopus Energy

Getting a £100 referral credit is a nice perk, but there are other ways to keep your costs low and your business running smoothly:

• Track your usage: Octopus Energy provides various online tools and dashboards to see how much energy you use daily (or even hour by hour). Keeping an eye on this data might help you find ways to reduce consumption.
• Choose the right tariff: Some businesses prefer fixed tariffs for budgeting certainty, while others benefit from variable or “time-of-use” tariffs if they can shift energy-hungry tasks to off-peak hours.
• Watch for promotions: Octopus occasionally runs additional offers or new tariff deals. It’s good to check their site or social media channels to see if anything could further lower your bills.
• Consider green credentials: If you take pride in operating sustainably, mention you’re powered by 100% renewable electricity to your own clients and customers. This can set you apart from competitors.

Potential pitfalls to avoid when switching

Although switching to Octopus Energy is usually painless, here are a few things to watch out for:

• Missing the referral code: If you forget to provide “bold-lion-941” by phone or email, Octopus won’t know to give you the £100 credit. Make sure you confirm that it’s attached to your account.
• Ignoring your current contract: If you’re locked into a long-term deal, you might face exit fees. These can sometimes be higher than your referral credit. So, make sure you weigh up the costs before committing.
• Mixing up domestic and business tariffs: Be clear that you want a business tariff. If you accidentally sign up as a domestic customer, you’ll only get the £50 credit and may not have the correct tariff for your business.
• Not checking usage: After you switch, don’t just forget about your energy usage. Paying attention to when and how you use power can save more money in the long run than any one-off credit.

Why “Green” energy Is a big deal

Many customers now look for companies that do their part for the environment. Choosing a renewable-focused supplier like Octopus Energy shows a commitment to reducing carbon emissions. This can strengthen your brand’s image and appeal, especially if you’re in an industry where customers care about sustainability.

Beyond the image boost, going green can also inspire other positive changes, like installing energy-efficient lighting or exploring ways to cut waste. Sometimes, switching to a sustainable energy supplier is the first step toward a more eco-friendly business model overall.

Sharing your code with other businesses

If you find Octopus Energy beneficial, you might want to refer others in your network. Let them know about the £100 business credit and give them your code and the link that leads them to contact Octopus directly: https://octopus.energy/business/. When they become customers, you’ll get £100 credit and the more businesses you refer, the more credit you’ll have.

This can help you maintain lower bills, while also helping peers and partners discover a reliable, green supplier. Everyone wins.

Switching your business energy account can feel like a big step, but with Octopus Energy, it’s designed to be as smooth as possible. They offer a blend of competitive pricing, renewable energy, and strong customer service. Plus, the chance to get £100 off through the referral code: bold-lion-941 makes the move even more attractive.

Just remember: if you’re switching as a business, you cannot simply click a link to get your referral credit. You must sign up as a business customer and then email or call Octopus Energy with the code bold-lion-941. That’s the key to unlocking your £100 credit. Once the switch is done, the credit will appear on your account, giving you a handy cost reduction right from the start.

If you decide you like Octopus Energy’s service (and many customers do), feel free to pass along the code to other businesses. Not only will they get their own £100 discount, but you can also build up extra credit for your own business account. It’s a great way to keep costs down, promote renewable energy, and help other business owners save money, too.