Octopus Tracker

Chrysalis

Since I got asked and there seems to be some doubt, evening rates in below screen grab.

When I said 33-34p I didnt know some regions are above 35p, so I guess is a chance some people on 35p agile will have no change if their region has the highest EPG rates.

Spoonie_Turtle

The key words in the e-mail seemed to me to be "your dynamic unit rate" - which will vary according to region and which cap your tariff has.  Then the EPG is applied.

If the Octopus caps were applied afterwards, the government would be subsiding what Octopus were already absorbing - and still not necessarily bringing it down to the EPG even for the lowest v2/v3 cap.

Cap first then EPG means the government are only subsiding what the customer would otherwise need to be paying, which is kind of the whole point.  And that brings it down to, or much closer to, the EPG for most customers.

Chrysalis

Its whatever is the lowest of the two.  But of course the subsidy is not unlimited so in some cases the Agile is the lower of the two, in many cases the subsidised rate will be lower..

"Cap first then EPG means the government are only subsiding what the customer would otherwise need to be paying"

That bit is key, as it minimises the expense to the government which in turn means the taxpayer, I feel what has happened here is the best outcome.

zoonyx

savers_united said:

So from the emails and replies on twitter etc it seems that those on Tracker v2&v3 it's a no brainer to stay put, as the rate will never exceed the EPG but you can benefit from days when it falls below. The later versions of tracker have higher caps so will be reduced by upto 17p and 4.2p on days that it exceeds the EPG rate but that may still be above it, so for these customers there is a calculation to be made if the days below the EPG are enough to bring down the average so that it works out cheaper than the SVT.

I think that's right. 

Exactly this 🤣 can someone make that calculation for me (august v1 tracker currently)

Chrysalis

zoonyx said:

savers_united said:

So from the emails and replies on twitter etc it seems that those on Tracker v2&v3 it's a no brainer to stay put, as the rate will never exceed the EPG but you can benefit from days when it falls below. The later versions of tracker have higher caps so will be reduced by upto 17p and 4.2p on days that it exceeds the EPG rate but that may still be above it, so for these customers there is a calculation to be made if the days below the EPG are enough to bring down the average so that it works out cheaper than the SVT.

I think that's right. 

Exactly this 🤣 can someone make that calculation for me (august v1 tracker currently)

Sure if you provide the rates, but bear in mind is regional variance.

Spoonie_Turtle

Oh no!  It had the price yesterday.  I know I can use the formula with the Nordpool data but I never get it accurate, it was more convenient just to be able to check


[Image description: a screenshot from my account dashboard.  It says "Your Tariff

Octopus Tracker

Octopus Tracker July 2022 v1

Fixed term ends 21/08/2023

Prices are updating.

See your email for details.]

SJMALBA

@Spoonie_Turtle You're probably aware, but:

Octopus Website, Menu>Our Tariffs, fill in postcode, filter with 'Flexible', 'Domestic', select 'Historical Tariffs', scroll down to Tracker July 2022 v1.

Spoonie_Turtle

SJMALBA said:

@Spoonie_Turtle You're probably aware, but:

Octopus Website, Menu>Our Tariffs, fill in postcode, filter with 'Flexible', 'Domestic', select 'Historical Tariffs', scroll down to Tracker July 2022 v1.

Oooh yes, I didn't think of that!  (Well, evidently.)  Thanks!

zoonyx

Chrysalis said:

zoonyx said:

savers_united said:

So from the emails and replies on twitter etc it seems that those on Tracker v2&v3 it's a no brainer to stay put, as the rate will never exceed the EPG but you can benefit from days when it falls below. The later versions of tracker have higher caps so will be reduced by upto 17p and 4.2p on days that it exceeds the EPG rate but that may still be above it, so for these customers there is a calculation to be made if the days below the EPG are enough to bring down the average so that it works out cheaper than the SVT.

I think that's right. 

Exactly this 🤣 can someone make that calculation for me (august v1 tracker currently)

Sure if you provide the rates, but bear in mind is regional variance.

I’m only joking really - as you say it’s a prediction only for us on later trackers - I’m also not yet a customer (on supply from the 11th) so I’ve not even received the emails so far! All based on this forum topic.

SJMALBA

Not that there seemed to be much point to it, but has the 'launch Tracker' stopped working again? (perhaps because of the updating prices?)