Octopus Tracker

[Deleted User]

So, who's waiting for the new threads to start asking "is it fair that people on tracker get more/different discount than me"??

Chrysalis

Deleted_User said:

So, who's waiting for the new threads to start asking "is it fair that people on tracker get more/different discount than me"??

Maybe, but the alternative is they pay more anyway towards paying this subsidy back so those who either dont need subsidy or less of it benefits anyone who is a taxpayer.

reddom

As I understand it the 17p and 4p discounts are based on the difference between the EPG and the original ofgem calculated cap for october.  Does this mean that come january when the ofgem cap will rise again, the discounts will increase to cover this, and therefore those of us on trackers with a higher or marginal cap (I'm on gas 16p which is just above the 14.5p switching level) should consider staying on this to see what happens in january so 3 months of potentially paying 1p more per unit on expensive days while benefitting on cheap days, and then in january moving to the capped level on expensive days and still benefitting on cheap days. 

milo_2020

8-) Lovely bit of plunge 

[Deleted User]

reddom said:

As I understand it the 17p and 4p discounts are based on the difference between the EPG and the original ofgem calculated cap for october.  Does this mean that come january when the ofgem cap will rise again, the discounts will increase to cover this, and therefore those of us on trackers with a higher or marginal cap (I'm on gas 16p which is just above the 14.5p switching level) should consider staying on this to see what happens in january so 3 months of potentially paying 1p more per unit on expensive days while benefitting on cheap days, and then in january moving to the capped level on expensive days and still benefitting on cheap days. 

Almost certainly not.

Chrysalis

Octopus paying for energy usage tomorrow on agile it seems, got email alert.

Whats going on this is getting better and better.

[Deleted User]

Chrysalis said:

Octopus paying for energy usage tomorrow on agile it seems, got email alert.

Whats going on this is getting better and better.

Extremely low wholesale prices overnight - down to about £30/MWh on the day-ahead market.

Spoonie_Turtle

reddom said:

As I understand it the 17p and 4p discounts are based on the difference between the EPG and the original ofgem calculated cap for october.  Does this mean that come january when the ofgem cap will rise again, the discounts will increase to cover this, and therefore those of us on trackers with a higher or marginal cap (I'm on gas 16p which is just above the 14.5p switching level) should consider staying on this to see what happens in january so 3 months of potentially paying 1p more per unit on expensive days while benefitting on cheap days, and then in january moving to the capped level on expensive days and still benefitting on cheap days. 

Huh?


Tomorrow will be cheap energy (ironic), does anyone know if the forecast is similar for the whole weekend?  Obviously we'll try to make use of it by load shifting e.g. washing from Sunday to Saturday, but if it's likely to be cheap both days that would be very useful.  Won't find out for certain until 9am tomorrow.

milo_2020

Just programmed lots of things to come on and stay on between 02:30 and 5:30  

QrizB

reddom said:

Does this mean that come january when the ofgem cap will rise again, the discounts will increase to cover this

Nobody knows. It'll be a political decision - do you keep the "£2500 a year" promise or do you increase government borrowing?

... therefore those of us on trackers with a higher or marginal cap (I'm on gas 16p which is just above the 14.5p switching level) should consider staying on this to see what happens in january ...

If you budgeted for paying 16p/kWh all winter, staying on the tariff might be a sensible hedge (not least because you'll benefit from days like today where the price is below the EPG cap).

Spoonie_Turtle said:

Tomorrow will be cheap energy (ironic), does anyone know if the forecast is similar for the whole weekend?  Obviously we'll try to make use of it by load shifting e.g. washing from Sunday to Saturday, but if it's likely to be cheap both days that would be very useful.  Won't find out for certain until 9am tomorrow.

It's forecast to remain windy all weekend, but it probably won't remain quite as cheap into Sunday. I wouldn't want to rely on two consecutive days of Agile plunge pricing, for example.