We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Octopus Energy reviews: Give your feedback

18485878990315

Comments

  • Umiamz
    Umiamz Posts: 595 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    edited 14 April 2021 at 4:22PM
    Dead right, tks. I'm sure all the gen is buried there somewhere, it just needs someone cleverer than me to extract it :(

    The URL I gave you has a straightforward description of the tariffs you were asking about - no cleverness needed.
  • niktheguru
    niktheguru Posts: 1,487 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 14 April 2021 at 4:50PM
    is there a link somewhere to a simple overview / explanation of the differences between Agile, Go and Go Faster which crop up in this forum?
    Its very simple really sam.

    Agile:
    Requires smart meter
    30min readings taken from your smart meter
    Different rates throughout the day depending on wholesale rates, at 30min pricing intervals.
    4-7pm generally peak rates, capped at 35p/kwh
    Prices can go very low at non peak times, can occasionally go negative, similarly prices can be very high outside "4-7" too.
    Standing charge approx 21p a day
    Generally requires you to adapt how you use energy to save money.


    Go:
    Requires a smart meter
    2 rates. a Peak rate and an off peak rate.
    Off peak rate = 5 p --> between 00:30 and 4:30
    Peak rate = between 13-14p currently (the exact value depends upon where in the country you live)
    Standing charge = 25p a day
    Once switched to the tariff these prices are FIXED for a year. No fluctuation depending on wholesale price. No variations in price.
    Tend to be catered towards EV drivers, people with batteries, people with high night time usage.
    HOWEVER at the moment, their peak rate is extremely competitive compared to most other fixed/variable rates so desirable to most. (tho the peak rate for new customers may be increased at any time.


    Go faster:
    Requires smart meter
    2 rates, a peak rate and an off peak rate
    Several "go faster" packages depending on what time you want your off peak rate to start, and how long you want it to last (3, 4 or 5 hours)
    Standing charge = 25p a day
    3 hour off peak rates are 4.5p/kwh
    4 hour off peak rates are 5p/kwh
    5 hour off peak rates are 5.5p/kwh
    peak rate is between 13-14p/kwh (and is for all usage outside the 3/4/5 hr off peak) 
    The start time of the off peak rate varies from 8.30pm to 00.30am (which you choose at the beginning of the contract and is FIXED)
    The length of the peak rate and the time it starts is fixed and chosen/allocated at the beginning of the contract.
    This tariff may be more useful for people who want a cheaper rate in the evenings and wouldnt use the cheap rate in the wee hours of the morning.

    Hope that clears things up.
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,617 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Lovely many thanks.  I might at some point consider Go Faster as from 8.30 pm,  The peak rate looks rather "cheap" in current circs! - if and when I decide to go for a smart meter. But 25 p /day (for gas also?) needs to be taken into account.
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • niktheguru
    niktheguru Posts: 1,487 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The smart tariffs are electricity only. For gas you stay on tracker/fixed/variable.

    If you considering go, then act fast as prices may increase.
  • Lovely many thanks.  I might at some point consider Go Faster as from 8.30 pm,  The peak rate looks rather "cheap" in current circs! - if and when I decide to go for a smart meter. But 25 p /day (for gas also?) needs to be taken into account.
    You don’t need to get your gas from Octopus.
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,617 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Up until I switched, Tracker was quite competitive for gas also. Now it's a different story. See what the summer has in store for us.
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,617 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Welcome return today to somewhere near normality for Tracker electric. In the interim I was just looking through the many other "current" available tariffs, domestic and business.  One of these caught my eye: "Tesla Lite Incoming October 2020 v1".  Electric only: 11p / kwh and 0 p per day. Too good to be true?  There must be a barrier that prevents us switching to this?
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • bsms1147
    bsms1147 Posts: 2,277 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Welcome return today to somewhere near normality for Tracker electric. In the interim I was just looking through the many other "current" available tariffs, domestic and business.  One of these caught my eye: "Tesla Lite Incoming October 2020 v1".  Electric only: 11p / kwh and 0 p per day. Too good to be true?  There must be a barrier that prevents us switching to this?


    Few caveats
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,617 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 15 April 2021 at 3:52PM
    I guessed that there would be a few strings.  I don't have a "Powerwall 2" nor do I know what this is. Is this a smart meter by a different name? But I do have solar panels (and a res elec supply)
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • bsms1147 said:
    Welcome return today to somewhere near normality for Tracker electric. In the interim I was just looking through the many other "current" available tariffs, domestic and business.  One of these caught my eye: "Tesla Lite Incoming October 2020 v1".  Electric only: 11p / kwh and 0 p per day. Too good to be true?  There must be a barrier that prevents us switching to this?


    Few caveats
    I think that you will find that the above information is now out of date. Octopus has increased the cost of imported electricity for both Tesla and non-Tesla owners and imposed a 22p/day standing charge. I assume, but cannot confirm, that they will also have increased export payments.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.