Octopus Energy reviews: Give your feedback

savers_united

If the daily tracker rates stay this low then it will be worth switching off the variable cap for the next 6 months. With reduced Gas demand and solar / wind generating larger proportions of the UKs electricity we may see a few months of below cap rates on the tracker and with the cheaper SC could save a household quite a bit that can be used towards next winters bills.
Early days yet and we are on a bank holiday weekend, but on the plus weather should be getting nicer from here on in and longer / lighter days. 

tlcgrantham

savers_united said:

If the daily tracker rates stay this low then it will be worth switching off the variable cap for the next 6 months. With reduced Gas demand and solar / wind generating larger proportions of the UKs electricity we may see a few months of below cap rates on the tracker and with the cheaper SC could save a household quite a bit that can be used towards next winters bills.
Early days yet and we are on a bank holiday weekend, but on the plus weather should be getting nicer from here on in and longer / lighter days. 

Exactly what I’m hoping. At least I’m ahead after 3 days on Gas tracker. So far the p/kWh have been  
8.42, 4.40, and 4.40 against flexible 7.28 each day. 

QrizB

Gas tracker prices seem to be the same each day of a weekend, even a BH one. So you can expect 4.4 tomorrow and Monday too.

I don't know a reason for this but it's been the case in all the historical data I've checked.

QrizB

In related news, Agile is back working more-or-less as it should (at least for this weekend):

There's some very cheap electricity tomorrow (Sunday) during daylight hours, before the 4pm peak period.

BargainBear

My only concern with the tracker is how volatile the market is right now given everything that's going on, so whilst one day might have a low of 4p, the next week might max out at 11p each day. If I recall when we were on it last I felt quite anxious and was religiously checking the prices daily.

I'd love for our Go Faster tariff to roll over without any hitches, but the pessimist in me doesn't think it will. It's changed the way we use our energy massively, and with the EV scheme at work and my combustion engined car coming to the end of its life a smart energy tariff would be perfect for me. Although I'll probably try and charge it mainly at work or Tesco which is only 2 minutes walk from the office.

QrizB

BargainBear said:

My only concern with the tracker is how volatile the market it right now given everything that's going on, so whilst one day might have a low of 4p, the next week might max out at 11p a day. If I recall when we were on it last I felt quite anxious and was religiously checking the prices daily.

Agreed.

Summer is a good time for me to test the waters with Gas Tracker, as our consumption is low (frequently less than 10kWh/day) and spikes in the unit price aren't going to result in unbearably huge bills. This might not be true for everyone.

The reduced standing charge helps too.

Last June, for example, I used less than 250kWh of gas. If I was paying 11p/kWh for that whole month, plus the Tracker SC, that would still only have been a £32 gas bill.

MWT

QrizB said:

Agreed.

Summer is a good time for me to test the waters with Gas Tracker, as our consumption is low (frequently less than 10kWh/day) and spikes in the unit price aren't going to result in unbearably huge bills. This might not be true for everyone.

The reduced standing charge helps too.

Last June, for example, I used less than 250kWh of gas. If I was paying 11p/kWh for that whole month, plus the Tracker SC, that would still only have been a £32 gas bill.

I'm running through the same thought process right now, but with the added complexity that I've currently got a gas fix at 9.6p/26.1p which will take me through next winter.

Not a spectacular deal, but still below the 11p cap on Tracker, which of course may or may not survive for a year...

Our use over summer is so low it doesn't really matter which tariff we are on until we get to around Oct/Nov.

Decisions... decisions...

tlcgrantham

I’d love to know if anyone lucky(wise) enough to have been on Gas Tracker v1 before it was withdrawn is still on it or have they been moved to v2 and the higher cap. 

MWT

tlcgrantham said:

I’d love to know if anyone lucky(wise) enough to have been on Gas Tracker v1 before it was withdrawn is still on it or have they been moved to v2 and the higher cap. 

Those who were on it will stay on it at least until their 12 months ends.

Can't really tell if the cap has changed until the prices go above the old cap levels, but I suspect they have not been changed yet or we would have seen comments about it.

QrizB

MWT said:

tlcgrantham said:

I’d love to know if anyone lucky(wise) enough to have been on Gas Tracker v1 before it was withdrawn is still on it or have they been moved to v2 and the higher cap. 

Those who were on it will stay on it at least until their 12 months ends.

Can't really tell if the cap has changed until the prices go above the old cap levels, but I suspect they have not been changed yet or we would have seen comments about it.

Gas prices on Tracker v2 have been higher than 6p/kWh; they were 8.something last week (yes, after v2 was launched).

See tlcgrantham's post here:
https://forums.moneysavingexpert.com/discussion/comment/79122164/#Comment_79122164