Octopus Tracker

Chrysalis

I will requote my post, not sure how people are getting confused.

https://forums.moneysavingexpert.com/discussion/comment/79522136/#Comment_79522136

So 78p drops to approx 60-61p.  55p drops to approx 37-38p. 35p drops to approx 33-34p.

MWT

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

Chrysalis

MWT said:

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

This combined with my post and screenshot should clear it up, note they are also applying regional pricing on the floor as I am on 33.02p, I am in the east midlands for reference.

savers_united

MWT said:

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

Thanks for this, so my v3 tracker (gas only) will now be capped at 10.3p not 11p,they are basically applying a 0.7p Gov't sub when the price goes above 10.3p and above 11p its Octopus who are picking up the tab due to their own self imposed caps.

As I originally said a few posts back its a no brainer for V2 & v3 customers but it bit more of a gamble v the SVT for others on later versions

k_man

MWT said:

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

And we now want to know who your source is 😁

I have checked as @Chrysalis has (also for Agile rather than Tracker), and I should have done this earlier, the displayed rate in peak hours (when actual rate should be 60p or so) is the EPG level, not the product cap.

So, assuming the Octopus systems have been updated correctly, and Tracker behaves like Agile, then product cap is indeed applied before any EPG discount.

brook_heather

Chrysalis said:

MWT said:

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

This combined with my post and screenshot should clear it up, note they are also applying regional pricing on the floor as I am on 33.02p, I am in the east midlands for reference.

You have a floor of 33.02p (due to regional variation of EPG) where the price has been discounted but still have a cap of 35p.  An account I manage on Agile is showing a price of 35p at 8am today because the regional EPG for Eastern England is 35.05 which is above 35p so I hit the Agile cap first.  What price is your account showing for 6pm - is it still 33.02p or 35p?

Chrysalis

brook_heather said:

Chrysalis said:

MWT said:

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

This combined with my post and screenshot should clear it up, note they are also applying regional pricing on the floor as I am on 33.02p, I am in the east midlands for reference.

You have a floor of 33.02p (due to regional variation of EPG) where the price has been discounted but still have a cap of 35p.  An account I manage on Agile is showing a price of 35p at 8am today because the regional EPG for Eastern England is 35.05 which is above 35p so I hit the Agile cap first.  What price is your account showing for 6pm - is it still 33.02p or 35p?

The evening is 33.02p.

The email did clearly state if the EPG is higher than the product cap then there is no effect, so that account is unlucky to have a very high EPG rate in its region.

CanNeverThinkOfAUsername

My 6.30pm slot this evening is showing 37.15 (Yorkshire)

SJMALBA

MWT said:

QrizB said:

bristolleedsfan said:

My last post on subject, which do you think matches this Cap(s) example answer Octopus have given, what you thought then or what you think now......

The charts I've posted reflect the information that Octopus have provided to Tracker customers by email. I give more weight to this email information than in an individual CS comment on Twitter.

I sought clarification from an authoritative source, the tariff version cap is applied first, so the 'dynamic unit price' will be different for each product if the starting price is above their caps.

Then the EPG discount is applied down to the floor limit.

So the 35p Agile product will always have a 34p price cap as it starts at 35p regardless of how much higher the price is, and then deducts the EPG discount from the 35p down to the 34p floor.

So, in practice, EPG effectively reduces the respective UR caps for each version of Tracker? i.e.

v2/v3 was 40p, now 34p

July 2022 v1 was 55p, now 38p

August 2022 v1 was 78p, now 61p

As opposed to @QrizB (and others) who believe that:

Actual UR between 34-52p, you pay 34p

Actual UR >52p, max. reduction of 17p, you will pay either the EPG reduced rate, or your Tracker's cap, whichever is lower? (I think that's what they mean?)

QrizB

The post above from brook_heather says:

brook_heather said:

An account I manage on Agile is showing a price of 35p at 8am today because the regional EPG for Eastern England is 35.05 which is above 35p so I hit the Agile cap first.

So it seems in practice, at least on Agile, that if the EPG capped rate is above 34p, the tariff cap comes into play.

We'll have to wait a few days for Tracker prices to rise before we have empirical evidence of how the Tracker cap interacts with the EPG, but (for those of us on V3) it should be easy to see whether we're paying 11p/kWh when the dynamic rate is higher than 16.5p.