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Octopus Tracker

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Comments

  • tlcgrantham
    tlcgrantham Posts: 753 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Marex day ahead for 17th seemed to indicate around 4p for gas. 
  • QrizB
    QrizB Posts: 20,761 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    tlcgrantham said:
    Marex day ahead for 17th seemed to indicate around 4p for gas. 
    I was thinking the same. We can be wrong together :D
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Chrysalis
    Chrysalis Posts: 4,817 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 16 October 2022 at 7:34PM
    Wow 4.59p gas today and below 9p tomorrow for electric (lowest not avg price), 

    Are these just low dailies?  As i am curious why this isnt bringing out new nice fixed deals for those people on legacy billing systems.

    Shame daily SC isnt affected as on gas that has to be a big bulk of my gas bill easily now.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Third Anniversary Name Dropper
    Would you offer a fix based on a few days with a couple of hours of cheap day-ahead market prices?

    Even on that market (which isn't really the important one for hedging for fixed contracts) the price per MWH has varied between £38.79 and £302.09 in the last five days.
  • QrizB
    QrizB Posts: 20,761 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 16 October 2022 at 8:11PM
    Chrysalis said:
    Are these just low dailies?
    Yes, they're just low dailies. Right at the moment (ie. this weekend and maybe into next week) there's plenty of gas being delivered to the UK and, with high wind speeds, less demand for it from the CCGTs.
    As i am curious why this isnt bringing out new nice fixed deals for those people on legacy billing systems.
    If you want to offer someone a 12-month fix, and don't want to risk going bust like all those companies did last year, you need to buy 12 months worth of gas on the futures market up-front to cover it. And gas futures are still high, over 400p/therm (13p/kWh) all winter and well in excess of 300p (10p/kWh) through to next winter. Those are wholesale prices so you'd be looking at suppliers offerin g a retail fix closer to 16p/kWh. No-one is going to accept a deal like that when the EPG is only 10.3p/kWh.
    ("Normal" gas prices were around 40-50p/therm, which shows how far prices will have to fall before we get near the 3p/kWh we were paying two years ago.)
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Chrysalis
    Chrysalis Posts: 4,817 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    That makes sense thanks for the explanation QrizB
  • bristolleedsfan
    bristolleedsfan Posts: 12,750 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 October 2022 at 2:20AM
    Octopus Tracker electricity today is 21.62p/kWh subject to regional variation .
  • Griffindog
    Griffindog Posts: 215 Forumite
    100 Posts Second Anniversary Name Dropper
    Everything could change. The Government are changing their minds on all things financial and there is a suggestion that the EPG may only be in place until April now. It seems to be changing by the hour.
  • Unknown
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  • tlcgrantham
    tlcgrantham Posts: 753 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Once again Marex day ahead price indicates a very cheap Gas Tracker price for tomorrow 
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