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Octopus Tracker

Options
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Comments

  • Qyburn
    Qyburn Posts: 3,605 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    I still wonder how they can do this. I believe the Tracker prices aren't subsidised by the EPG, which means Octopus is receiving 25.13p/kWh today, and as far as I can see it was below 30 at least since the start of the year.  Whereas on normal terms they'd get 32.77p from me and another 31p or so from the Government.



  • SJMALBA
    SJMALBA Posts: 1,071 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Qyburn said:
    I still wonder how they can do this. I believe the Tracker prices aren't subsidised by the EPG, which means Octopus is receiving 25.13p/kWh today, and as far as I can see it was below 30 at least since the start of the year.  Whereas on normal terms they'd get 32.77p from me and another 31p or so from the Government.



    EPG does apply to Tracker; however, for the majority of the time, it hasn't been required, and therefore, it hasn't cost the taxpayer (or Octopus*) anything.

    (*it varies between different Tracker versions, of course, with v1, for example, still on caps of 30p/kWh and 6p/kWh, which are below the EPG floors, so EPG never applies. The tracker UR caps will have applied at various times, though, particularly for gas, so will cost Octopus, but, presumably, there are relatively few people on v1?)

    https://octopus.energy/tracker-faqs/
  • SJMALBA said:
    Will those of us coming  up to renewal be affected? What tariffs might we be offered?
  • KTF
    KTF Posts: 4,848 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well we can thank the HUKD thread for them (pretty much) closing the door on Tracker.

    Cant say I am surprised given how many people they must have had signing up for it.
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 15 February 2023 at 12:42PM
    SJMALBA said:
    Will those of us coming  up to renewal be affected? What tariffs might we be offered?
    They are (or at least have been up until now) been sending out tariff options email about 7 weeks before fixed term expires. My gas fixed term expires March 14th. electricity fixed term expires 2 April.
  • SJMALBA said:
    Will those of us coming  up to renewal be affected? What tariffs might we be offered?
    Not relevant to many but Octopus has withdrawn The Tesla Energy Plan for those who own Powerwall2 batteries. Presumably, all the new smart tariffs plus Flexible will be available on renewal.
  • tlcgrantham
    tlcgrantham Posts: 669 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    edited 25 October 2023 at 9:41PM
    SJMALBA said:
    Will those of us coming  up to renewal be affected? What tariffs might we be offered?
    Not relevant to many but Octopus has withdrawn The Tesla Energy Plan for those who own Powerwall2 batteries. Presumably, all the new smart tariffs plus Flexible will be available on renewal.
    I was hoping they might keep me on Gas Tracker V2. Has anyone been offered the chance to remain on their existing tracker  tariff recently?
  • KTF
    KTF Posts: 4,848 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    My gas tracker (v1) has an end date against it on my account. The electricity one has no end date against it. Be interesting to see how long that lasts.
  • SJMALBA said:
    Will those of us coming  up to renewal be affected? What tariffs might we be offered?
    They are (or at least have been up until now) been sending out tariff options email about 7 weeks before fixed term expires. My gas fixed term expires March 14th. electricity fixed term expires 2 April.
     I have 48 days left on gas tracker according to the App. The 49 day rule has been changed to reasonable notice given that we now have 5? Day switching.
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