Octopus Tracker

QrizB

tlcgrantham said:

Spies said:

I've requested to join the gas tracker only, partly because the electricity tracker makes my cost savings from solar pretty impossible to accurately work out! 

If the predictions of over 11pkw/h for SVT come true Tracker won’t cost you anymore but if Qrizbs predictions are more accurate you’ll be better off. My moneys on the latter.

I have a suspicion (only a suspicion!) that the October cap will end up around 11p/kWh because of how Ofgem calculate it, but Tracker will end up working out lower than that.

Ofgem calculate their cap based on futures prices, looking as far as 12 months ahead. However what we've seen for the past 4-5 months is high futures prices turning into much lower month-ahead prices and then day-ahead spot prices that are cheaper still.

Just look at this screenshot of July futures:

At the start of the year, July gas was as high as 500p/therm (that's 17.7p/kWh, wholesale) but it's fallen fairly steadily and is now around 150p/therm (5.3p/kWh). We won't know what the day-ahead price used for Tracker is until we get to July, but I'm guessing that ion July it will regularly be 90-120p/therm (3-4p/kWh) a bit like it's been from mid-April until now.

I'm obviously expecting October-March to be more expensive than April-September but 11p/kWh retail would need the day-ahead price to be something like ~220p/therm.

The futures price for January 2023 (link) has been kinda flat around 250p/therm but I'm hoping that, as the year goes on, it will begin to fall. It doesn't need to fall very far for Tracker to end up cheaper than the cap.

Mstty

If we had gas it would be something we would consider with Octopus.

However I suspect it weighs heavier on the mind for some than a fixed contract in that you are checking the day rate regularly and recalculating your estimated monthly use etc. So that burden has to be taken into account(of course some people love that)

I wonder how tracker electricity prices are doing?

masonic

Mstty said:

I wonder how tracker electricity prices are doing?

No need to wonder: https://energy.guylipman.com/sm/electracker

QrizB

Today's gas tracker price is appearing on my Octopus account and Guy Lipman's site as below 2p/kWh, the lowest it's been for about two years.

I'm still not sure whether to believe it!

tlcgrantham

Maybe it’ll go negative tomorrow 

k_man

QrizB said:

Today's gas tracker price is appearing on my Octopus account and Guy Lipman's site as below 2p/kWh, the lowest it's been for about two years.

I'm still not sure whether to believe it!

Electric at 21p today too 

Just need to work out if there is any useful extra use of gas today!

SJMALBA

QrizB said:

Today's gas tracker price is appearing on my Octopus account and Guy Lipman's site as below 2p/kWh, the lowest it's been for about two years.

I'm still not sure whether to believe it!

My first thought whan I saw 1.61p/kWh was, ' is that correct'?

QrizB

SJMALBA said:

QrizB said:

Today's gas tracker price is appearing on my Octopus account and Guy Lipman's site as below 2p/kWh, the lowest it's been for about two years.

I'm still not sure whether to believe it!

My first thought whan I saw 1.61p/kWh was, ' is that correct'?

mine was "that can't be right?"

SJMALBA

SJMALBA said:

I was on SVT:-

27.9p/kWh electrcity, 35.98p/day (effective i.e. after 'Loyal Octopus' SC discount).

7.33p/kWh gas, 27.22p/day

tlcgrantham said:

No brainer for gas. Probably worth taking Electricity as well. 

My average daily Tracker unit rates for May were 23.94p/kWh & 4.68p/kWh (SCs - 22.17p/day, 15.09p/day) so it seems sensbile to have both, and backdate as far as Octopus will allow.

I'll keep a close eye on prices 'going forward', as I imagine most Tracker customers do...?

Spies

Does anyone know if there is an api to pull the current gas tracker price for the day?