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Octopus Tracker
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jasonwatkins said:
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.4.7kWp (12 * Hyundai S395VG) facing more or less S + 3.6kW Growatt inverter + 6.5kWh Growatt battery. SE London/Kent. Fitted 03/22 £1,025/kW + battery £24951 -
Officer_Dibble said:jasonwatkins said:
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.0 -
Officer_Dibble said:jasonwatkins said:
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.
I do still qualify for a couple more payments from the government and will likely qualify for further assistance due to some long term medical issues, so I assume that will mitigate some of the monthly cost at least.
I did also snag a referral code from someone as well which is handy ..
I'm currently supposed to be paying EON £66 a month for Gas and Electric and my monthly statements have confirmed that I'm usually within that limit as well so I'm thinking at the moment that I could set a fixed DD at around the £40 mark and then add to that each month as and when it's needed.
The woman I spoke to on the phone at Octopus actually asked me to repeat my annual gas usage twice though as it was low enough that she thought it was wrong !0 -
If you are currently paying £66 and are managing to afford that, I'd go with the same payment once you're with Octopus.
Energy prices are due to increase in April, so that £66 might need to go higher quite soon. The government payments end in March which will also affect how much you need to pay.
Don't try and pay so little that you end up struggling at the end of the year when the bigger bills arrive.Barnsley, South Yorkshire
Solar PV 5.25kWp SW facing (14 x 375) Lux 3.6kw hybrid inverter installed Mar 22 and 9.6kw Pylontech battery
Daikin 8kW ASHP installed Jan 25
Octopus Cosy/Fixed Outgoing2 -
Spoonie_Turtle said:Officer_Dibble said:Some of the posters on HUKD really haven't got a clue. If there's a sudden spike in wholesale prices they won't spot and 6 months later will be screaming about mis-selling.
Just done the sums and having been on Tracker for 5½ months, overall we've saved just over £165 so far - and that's *after* overpaying by ~£130 before the EPG kicked in. The last two months each have been over £100 cheaper than if we'd been on the SVT - granted, that's only been possible because of the EPG, but without the EPG everyone else would have been paying a lot more all the time too.
To be fair the dude is right over the last 5 months or so, gas has barely been at the cap, and its interesting to see electric only peaked at 37p.
Probably worth the gamble for those on a smart meter, but with the caveat keep an eye on things. Dont assume it will always be cheaper than EPG.0 -
jasonwatkins said:I've just made the switch to Octopus based on that thread on HUKD. A little nervous about it I suppose even though I like to think i'm fairly pro-active with things like this.
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.
Probably down to me being autistic but I'm pretty obsessive about what goes out of my account each month and I prefer it to be fixed amounts so I know exactly how much my outgoings are. I'm also on UC and PIP so that's probably why I'm fretting over a potential variable direct debit catching me out and being huge one month.
Tracker doesnt force variable rate DD.
On a phone call they allowed me to set DD level to match my summer usage. I currently have a debit balance of £28.2 -
Chrysalis said:jasonwatkins said:I've just made the switch to Octopus based on that thread on HUKD. A little nervous about it I suppose even though I like to think i'm fairly pro-active with things like this.
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.
Probably down to me being autistic but I'm pretty obsessive about what goes out of my account each month and I prefer it to be fixed amounts so I know exactly how much my outgoings are. I'm also on UC and PIP so that's probably why I'm fretting over a potential variable direct debit catching me out and being huge one month.
Tracker doesnt force variable rate DD.
On a phone call they allowed me to set DD level to match my summer usage. I currently have a debit balance of £28.0 -
jasonwatkins said:Chrysalis said:jasonwatkins said:I've just made the switch to Octopus based on that thread on HUKD. A little nervous about it I suppose even though I like to think i'm fairly pro-active with things like this.
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.
Probably down to me being autistic but I'm pretty obsessive about what goes out of my account each month and I prefer it to be fixed amounts so I know exactly how much my outgoings are. I'm also on UC and PIP so that's probably why I'm fretting over a potential variable direct debit catching me out and being huge one month.
Tracker doesnt force variable rate DD.
On a phone call they allowed me to set DD level to match my summer usage. I currently have a debit balance of £28.0 -
Griffindog said:jasonwatkins said:Chrysalis said:jasonwatkins said:I've just made the switch to Octopus based on that thread on HUKD. A little nervous about it I suppose even though I like to think i'm fairly pro-active with things like this.
I'd appreciate some thoughts on the direct debit situation though. I plan on switching to the tracker tariff as soon as I'm on supply with them, but is it better to set a low fixed amount for the direct debit and then manually pay the difference each month ?.
Probably down to me being autistic but I'm pretty obsessive about what goes out of my account each month and I prefer it to be fixed amounts so I know exactly how much my outgoings are. I'm also on UC and PIP so that's probably why I'm fretting over a potential variable direct debit catching me out and being huge one month.
Tracker doesnt force variable rate DD.
On a phone call they allowed me to set DD level to match my summer usage. I currently have a debit balance of £28.0 -
When I asked a few questions of Octopus on Twitter, they put the following paragraph in their reply. Does this only apply if you don’t have a smart meter?Market spikes can send Tracker prices up to 100p/kWh for electricity or 30p/KWh for gas – that’s three times higher than most customers are paying right now on variable tariffs like Flexible Octopus. Something to bear in mind as well is that you get charged for the monthly average of all the daily readings, not on a day-to-day basis.0
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