Octopus Energy is paying £1,000 bonus to 'existing' customers

Octopus Energy is paying £50 bonuses to "existing" customers. The energy firm is paying £500 bonuses to customers who refer the energy giant - which is rivalled by the likes of OVO, EDF, EON, British Gas and more - to pals.

Octopus explained: "If a friend switches to Octopus Energy using your unique referral link, you’ll both get £50 energy credit. Our Octopus Referrals information page has all the answers you need." To refer, just send them your unique referral link.

Every Octopus customer has one: it looks something like http://share.octopus.energy/adjective-noun-number. You’ll find yours a little way down the home screen of your online account dashboard, the energy giant has gone on to say.

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It says once the new customer has fully switched over and their first month’s Direct Debit has been successfully taken, it willbe able to add £50 to both accounts. This will happen automatically within a few weeks. You’ll be able to check whether you’ve received your referral credit via by logging onto your account and viewing your account dashboard.

There will be an option to check your balance history, which will show any credit as +£50 from Octopus Energy. It typically takes around four weeks from when your friend joins (although it can take longer if anything delays their switch), Octopus said.

If you’ve still got questions, you can find out everything there is to know about referrals on the Octopus referral info page. It says: "If you forgot to use your friend's referral link when you signed up, just get in touch and let us know the referral code. As long as you signed up directly through our site, we'll be able to add the referral to both you and your friend's accounts.

"If you've got a smart pre-pay meter, sign up using your friend's referral link. Once your account is set up, get in touch with our energy specialists and ask them to add the referral credit to your smart pre-pay meter.

"You'll need to have signed up directly through our site so that we can add the referral to both you and your friend's accounts." There's no limit, either, and Octopus says some have referred 20 people in the past - meaning a whopping £1k.