Octopus Tracker

bristolleedsfan

Spoonie_Turtle said:

SJMALBA said:

Doc_N said:

Signing up to v3 could well prove to be a mistake in the light of falling prices. v4 may well be a better bet, and perhaps just round the corner.

v3 hasn't been available since (IIRC) June/July last year - there have been a number of Tracker versions since then; the current version is 'November 2022 v1'.

 an extremely short-lived October 2022 (while they figured out how to apply to EPG to Tracker, no idea whether anyone is on that version or not) 

Octopus gave reasonable notice of intention to make that version defunct, highly possible they would do the same with current variable version if/when they launch new version with only customers with smart meters able to go on any new version.

MWT

Good to see that Octopus have reduced the low rate on current versions of 'Go' and 'Intelligent', so the variable nature of the tariff is working...

They may not be a quick to respond as Tracker, but it does show that Octopus are delivering reduced prices where they can...

Chrysalis

Doc_N said:

tlcgrantham said:

Doc_N said:

Signing up to v3 could well prove to be a mistake in the light of falling prices. v4 may well be a better bet, and perhaps just round the corner.

It doesn’t look like it at the moment with gas tracker prices at their lowest this year and below any cap as well as less than half the SVT. 

Perhaps I put that badly.  What I meant was that v4 is highly likely to have lower caps than the very high v3 caps.  You could of course leave v3, but with no guarantee of getting back onto Tracker again for some time.

The caps are usually much higher than the expected cost, to reduce the risk to Octopus, v3 cap isnt that high, I am on v3, for gas its slightly more than the EPG, just under a penny more per unit.

Tracker isnt a commitment either, the customer can bail out, given the problem of getting on tracker right now I dont even have a thought of leaving it.

pearl123

Joining Tracker was the best decision, I've made in a long time. I did feel like a gamble at the time.
Todays rate for me in the south east is
Elec 19.94p/kWh (41.03p/day standing charge) & Gas 4.79p/kWh (26.84p/day standing charge)

Alnat1

Had an email from Octopus today to say my V3 Gas Tracker tariff is due to expire 17th June, if I do nothing I'll roll onto Flexible at the end of my fixed term. If I want to continue with Tracker I have to reply to the email to confirm..

Of course I've replied to say I want to stay on Tracker, I'll update what terms I get once it's actioned.

tlcgrantham

https://forums.moneysavingexpert.com/discussion/comment/80029049#Comment_80029049

With gas at 4.43pkwh I'm not surprised

Chrysalis

Alnat1 said:

Had an email from Octopus today to say my V3 Gas Tracker tariff is due to expire 17th June, if I do nothing I'll roll onto Flexible at the end of my fixed term. If I want to continue with Tracker I have to reply to the email to confirm..

Of course I've replied to say I want to stay on Tracker, I'll update what terms I get once it's actioned.

Great, this will be good to see if v3 terms stay.  I expect I will be the first on MSE for agile renewal, as most active people on here are on electric tracker vs agile.

If the 6 weeks notice is consistent, I might get contacted for Agile in a couple of weeks, it expires 1 July.  In a month for gas tracker which expires mid July.

Xbigman

This is my Agile renewal email.

Xbigman

Sorry its a bit hard to read.


Darren

Chrysalis

Xbigman said:

Sorry its a bit hard to read.


Darren

Thanks, it looks like its a switch to a newer version of Agile from that description which would mean losing the 21p day SC, a shame.

For me that would increase my electric bills by circa 18%, quick maths in my head might not be precise.  (yes SC is that a big % on my bill).

Here is my summary from 22 March to 21 April if anyone wants to calculate a more precise % impact.

Breakdown by rate
Rate Consumption Cost
21.59p/kWh 173.3 kWh £37.416
Total consumption 173.3kWh @ 21.59p/kWh † £37.42
Standing Charge 31 days @ 20.00p/day £6.20
Subtotal of charges before VAT £43.62
VAT @ 5.00% £2.18
Total Electricity Charges £45.80

Or I suppose another way of putting it going from a bit under 1/6 of the bill to around a third.

EPG for me as a customer isnt really impacting bills on the agile 2018 tariff as it just moved the cap down from 35p to 33.02p, but of course we do know now that Octopus have been buying the energy differently and as such the EPG is affecting their costs even if it isnt affecting mine, so understandable they dont want to renew these terms.

But I suppose this should also affect the trackers which for customers have been renewed on the same terms with new fixed dates. (which based on your response would mean Octopus loses EPG subsidy for those customers).

Did your cap and SC change post renewal?