What is the Balance Forecast?

Balance Forecast shows you how your account balance is likely to change over the coming year. It uses your tariff, payment schedule, historical energy use, and local weather patterns to best predict the journey your balance will go on, month by month.

It’s available to all customers on a standard fixed or flexible tariff, who pay by fixed direct debit, and are an import-only customer. It’s not available for time-of-use or half-hourly tariffs.

You can find your Balance Forecast under the Payments tab on the web. For the most accurate projections, submit a meter reading each month (smart meters update automatically).

Just to note, your chart may show 11 months rather than 12 if your payment date isn’t the 1st of the month, as we calculate usage for complete calendar months.

If you’d like to know more, check out our Balance Forecast blog, and get in touch at hello@octopus.energy if something doesn’t look quite right.