How Does the £75 commercial energy credit work for UK businesses?
Each existing Octopus customer receives a unique referral link that they can share with friends or family and businesses. If a UK business switches to Octopus Energy using that referral link, both the new customer and the referrer receive £75 credit, which is automatically added to their energy accounts after the switch is completed.
How do small businesses apply code GREEN-DOVE-338 during sign up?
The current working code is: Green-dove-338
However, using the referral link below is the easiest way to ensure the credit tracks correctly.
Can existing customers claim the £50/£75 credit retrospectively if they forgot the link?
If you forgot to use our link when signing up, you can still claim the credit afterwards. Simply contact Octopus Energy support and provide the referral code green-dove-338. As long as you signed up directly through the Octopus Energy website, they can usually apply the referral to both accounts so we’ll both receive the £50/£75 credit. The Octopus energy email address is hello@octopus.energy and its phone number is 0808 164 1088. Its easiest to use the referral link below to complete your signup.
When is the promotional credit applied to your account balance?
Credit is paid once you are on supply with Octopus Energy and your first month’s direct debit has been successfully taken. The whole process typically takes around four weeks.
What are the differences between residential and commercial switching terms?
Business customers currently receive £75 credit for switching, whereas residential customers receive £50.
Where do new account holders find their personal sharing link on the Octopus dashboard?
Sign in to your Octopus Energy account on the website or app and look for your personal referral link on the dashboard. The link normally appears in the format share.octopus.energy/adjective-noun-number. If someone joins using your link, both of you receive £50 credit added to your energy accounts.
What is the step-by-step process for transferring a commercial or home energy supply?
Switching to Octopus Energy is quick and usually takes just a few minutes.
Step 1 – Get a quote
Start by getting a quote online. You’ll answer a few simple questions about your home and energy usage so Octopus can estimate your monthly payments and show available tariffs. If you join using an Octopus Energy referral link, both customers can receive £50 energy credit once the switch is complete.
Step 2 – Sign up
Once you’re happy with the quote, you can complete the sign-up online. You’ll just need to provide a few details to set up your account. Most people finish the process in under five minutes.
Step 3 – Octopus handles the switch
After you sign up, Octopus Energy manages the entire switching process. They contact your existing supplier and arrange the transfer, which typically takes around 3 working days, with no interruption to your energy supply.
What is the total account credit available for new customer switches in 2026?
Octopus Energy currently offers £50 credit for both the new customer and the person who refers them when switching through a referral link. For business accounts, the referral reward is currently £75 credit.
How is the £50 or £75 Octopus referral credit treated for UK business accounting and VAT?
For UK accounts, the tax and VAT accounting treatment of Octopus Energy referral credits depends on your entity structure and VAT registration status:
1. Domestic Accounts (Private Households):
Income Tax: No tax due. The £50 credit is treated purely as a personal bill discount.
VAT: No action needed. The credit simply reduces your domestic energy bill balance.
2. Businesses not VAT-Registered:
Income Tax: Taxable. Earned credits reduce your allowable utility expenses (or count as miscellaneous trading income), increasing net trading profit subject to Income Tax or Corporation Tax.
VAT: No action needed. Unregistered businesses cannot charge, declare, or reclaim VAT.
3. VAT-Registered Businesses (e.g., Commercial Bakeries):
Income Tax: Taxable. The £75 or £50 credit must be included in your trading accounts, either as a reduction in utility overheads or as business income.
VAT: Output VAT is due. Under UK tax rules, earned referral credits from customer referrals are treated as non-monetary consideration for a promotional service. VAT-registered businesses must account for Output VAT on the credit value when reconciling energy statements against trading income.
Can a business claim multiple £75 referral credits if operating across separate meters or premises?
Yes, referral credits are awarded per unique MPAN (Meter Point Administration Number) or distinct business energy supply contract, not strictly per company name.If a business operates multiple commercial locations, or manages separate half-hourly commercial meters for distinct production areas (for instance, dedicated heavy baking machinery alongside retail studio spaces), each new business meter switch completed via an active link qualifies for the £75 commercial switch credit, provided the account meets standard onboarding terms.
