Octopus Tracker

MultiFuelBurner

Same price tomorrow as today which is nice. Bring on the wind and sun

jaxkesa

MultiFuelBurner said:

tomp2494 said:

MultiFuelBurner said:

PennineAcute said:

Including today, a 7-day rolling median of 18.84p, with an overall median (since July) of 17.97p. 

Yes, it is creeping up, but nothing to get Corporal Jones about.

Just to add for others reading not to forget many plan or delay energy exhausting activities to coincide with the cheaper days. So the Average should work out less.

For example we waiting til 11am to decide whether to do a load of washing/tumble dryer and use the oven later until we saw tomorrow's prices. All washing and tumble drying delayed til tomorrow and batch cook tomorrow as well.

We are billed an average for the whole month, no? 
It doesn't make any difference with Tracker if you use all of your electric during one expensive day, as the months usage is billed at the average price across the billing period. 

Nope(unless an early non smart meter adopter) which is why all new customers now require a smart meter. It may look like one lump bill but have a read of how they bill tracker

Which is why we max out cheap days where possible and keep our own spreadsheet 

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

QrizB

jaxkesa said:

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

That's not the calculation we're talking about.

The part of the bill that you have quoted is the average of all the individual daily amounts listed on the subsequent pages.

There will be another page (or pages) of your bill where the daily rates and consumption are tabulated.

For most people with smart meters, the daily consumption should be your actual smart metered consumption. However, if there's a problem with your meter's communication, or if Octopus haven't set the right toggle at their end, your daily consumption will be a profiled average.

What does yours say?

mrochester

jaxkesa said:

MultiFuelBurner said:

tomp2494 said:

MultiFuelBurner said:

PennineAcute said:

Including today, a 7-day rolling median of 18.84p, with an overall median (since July) of 17.97p. 

Yes, it is creeping up, but nothing to get Corporal Jones about.

Just to add for others reading not to forget many plan or delay energy exhausting activities to coincide with the cheaper days. So the Average should work out less.

For example we waiting til 11am to decide whether to do a load of washing/tumble dryer and use the oven later until we saw tomorrow's prices. All washing and tumble drying delayed til tomorrow and batch cook tomorrow as well.

We are billed an average for the whole month, no? 
It doesn't make any difference with Tracker if you use all of your electric during one expensive day, as the months usage is billed at the average price across the billing period. 

Nope(unless an early non smart meter adopter) which is why all new customers now require a smart meter. It may look like one lump bill but have a read of how they bill tracker

Which is why we max out cheap days where possible and keep our own spreadsheet 

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

It’s just telling you what your average was for the month, you are actually billed on the daily rate. 

pfpf

billed today.
electric on the daily rate.
gas averaged. so on the app i can see my daily usage but the bill has not used the same daily usage numbers. its used slightly increasing usage each day of September.

both were done properly last month but gas was done this way 2 months ago aswell.

jaxkesa

QrizB said:

jaxkesa said:

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

That's not the calculation we're talking about.

The part of the bill that you have quoted is the average of all the individual daily amounts listed on the subsequent pages.

There will be another page (or pages) of your bill where the daily rates and consumption are tabulated.

For most people with smart meters, the daily consumption should be your actual smart metered consumption. However, if there's a problem with your meter's communication, or if Octopus haven't set the right toggle at their end, your daily consumption will be a profiled average.

What does yours say?

The only table I have is the list of daily costs I mentioned for example:

3rd Sept. 2023 8.380 p/kWh 17.48 p/kWh 14.03 kWh £2.45

4th Sept. 2023 8.767 p/kWh 17.94 p/kWh 9.25 kWh £1.66

5th Sept. 2023 8.423 p/kWh 17.53 p/kWh 10.75 kWh £1.88
......
Total £55.87

Followed by the "How we work out your average unit rate:" part which shows the 17.31p/kWh figure based on all those daily figures.

Then the actual figure I'm charged for the month is shown at the top of the bill: "Energy Used 322.9 kWh @ 17.31p/kWh £55.87" which seems to be that average figure (and then standing charge and VAT is added to it to get the bill total).


mrochester said:

jaxkesa said:

MultiFuelBurner said:

tomp2494 said:

MultiFuelBurner said:

PennineAcute said:

Including today, a 7-day rolling median of 18.84p, with an overall median (since July) of 17.97p. 

Yes, it is creeping up, but nothing to get Corporal Jones about.

Just to add for others reading not to forget many plan or delay energy exhausting activities to coincide with the cheaper days. So the Average should work out less.

For example we waiting til 11am to decide whether to do a load of washing/tumble dryer and use the oven later until we saw tomorrow's prices. All washing and tumble drying delayed til tomorrow and batch cook tomorrow as well.

We are billed an average for the whole month, no? 
It doesn't make any difference with Tracker if you use all of your electric during one expensive day, as the months usage is billed at the average price across the billing period. 

Nope(unless an early non smart meter adopter) which is why all new customers now require a smart meter. It may look like one lump bill but have a read of how they bill tracker

Which is why we max out cheap days where possible and keep our own spreadsheet 

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

It’s just telling you what your average was for the month, you are actually billed on the daily rate. 

It says "Energy Used 322.9 kWh @ 17.31p/kWh £55.87".

£55.87 is what I am charged for the month (along with standing charge and VAT) and 17.31p/kWh is the average for the month so I can't see how they are doing anything other than using the average rate for the month.

Spoonie_Turtle

jaxkesa said:

QrizB said:

jaxkesa said:

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

That's not the calculation we're talking about.

The part of the bill that you have quoted is the average of all the individual daily amounts listed on the subsequent pages.

There will be another page (or pages) of your bill where the daily rates and consumption are tabulated.

For most people with smart meters, the daily consumption should be your actual smart metered consumption. However, if there's a problem with your meter's communication, or if Octopus haven't set the right toggle at their end, your daily consumption will be a profiled average.

What does yours say?

The only table I have is the list of daily costs I mentioned for example:

3rd Sept. 2023 8.380 p/kWh 17.48 p/kWh 14.03 kWh £2.45

4th Sept. 2023 8.767 p/kWh 17.94 p/kWh 9.25 kWh £1.66

5th Sept. 2023 8.423 p/kWh 17.53 p/kWh 10.75 kWh £1.88
......
Total £55.87

Followed by the "How we work out your average unit rate:" part which shows the 17.31p/kWh figure based on all those daily figures.

Then the actual figure I'm charged for the month is shown at the top of the bill: "Energy Used 322.9 kWh @ 17.31p/kWh £55.87" which seems to be that average figure (and then standing charge and VAT is added to it to get the bill total).

Do the kWh listed each day match your actual usage?

Everyone has that billing summary, but they (should) calculate the average based on your usage each day across the billing period. 

It's if the listed kWh for each day don't match your real usage that they've applied the industry typical usage pattern rather than using your actual usage.

(Actual usage actual usage actual usage - that's what writing this comment felt like!  Have tried to vary the words a bit.)

jaxkesa

Spoonie_Turtle said:

jaxkesa said:

QrizB said:

jaxkesa said:

I've been on the Tracker since January (with smart meters) and have always been billed using an average of the month, not the daily rate. I thought that was how they did it for everyone?

For example my bill says:

Energy Used 322.9 kWh @ 17.31p/kWh £55.87

Then at the bottom it shows the daily costs, followed by:

How we work out your average unit rate:

Total Cost £55.87 ÷ Total Energy Used 322.9 kWh × Convert to pence 100 = Average unit rate 17.31p/kWh

That's not the calculation we're talking about.

The part of the bill that you have quoted is the average of all the individual daily amounts listed on the subsequent pages.

There will be another page (or pages) of your bill where the daily rates and consumption are tabulated.

For most people with smart meters, the daily consumption should be your actual smart metered consumption. However, if there's a problem with your meter's communication, or if Octopus haven't set the right toggle at their end, your daily consumption will be a profiled average.

What does yours say?

The only table I have is the list of daily costs I mentioned for example:

3rd Sept. 2023 8.380 p/kWh 17.48 p/kWh 14.03 kWh £2.45

4th Sept. 2023 8.767 p/kWh 17.94 p/kWh 9.25 kWh £1.66

5th Sept. 2023 8.423 p/kWh 17.53 p/kWh 10.75 kWh £1.88
......
Total £55.87

Followed by the "How we work out your average unit rate:" part which shows the 17.31p/kWh figure based on all those daily figures.

Then the actual figure I'm charged for the month is shown at the top of the bill: "Energy Used 322.9 kWh @ 17.31p/kWh £55.87" which seems to be that average figure (and then standing charge and VAT is added to it to get the bill total).

Do the kWh listed each day match your actual usage?

Everyone has that billing summary, but they (should) calculate the average based on your usage each day across the billing period. 

It's if the listed kWh for each day don't match your real usage that they've applied the industry typical usage pattern rather than using your actual usage.

(Actual usage actual usage actual usage - that's what writing this comment felt like!  Have tried to vary the words a bit.)

Yes the usage figure looks different each day so I think it is actually correct sorry!

It's the way it shows that average figure made it appear (to me) that they are using an average unit cost to calculate the usage but since that average unit cost is derived from my actual daily usage, the cost is the same anyway.

QrizB

jaxkesa said:

The only table I have is the list of daily costs I mentioned for example:

3rd Sept. 2023 8.380 p/kWh 17.48 p/kWh 14.03 kWh £2.45

4th Sept. 2023 8.767 p/kWh 17.94 p/kWh 9.25 kWh £1.66

5th Sept. 2023 8.423 p/kWh 17.53 p/kWh 10.75 kWh £1.88
......
Total £55.87

Those daily consumption figures are all similar enough that I suspect they are the averaged values, not the smart metered ones. Although you might have a steady enough lifestyle that you use almost the same amount of electricity every day!

If you look at your Octopus account or the app, what metered consumption values are shown for those days? Do they match your bill?

mrochester

QrizB said:

jaxkesa said:

The only table I have is the list of daily costs I mentioned for example:

3rd Sept. 2023 8.380 p/kWh 17.48 p/kWh 14.03 kWh £2.45

4th Sept. 2023 8.767 p/kWh 17.94 p/kWh 9.25 kWh £1.66

5th Sept. 2023 8.423 p/kWh 17.53 p/kWh 10.75 kWh £1.88
......
Total £55.87

Those daily consumption figures are all similar enough that I suspect they are the averaged values, not the smart metered ones. Although you might have a steady enough lifestyle that you use almost the same amount of electricity every day!

If you look at your Octopus account or the app, what metered consumption values are shown for those days? Do they match your bill?

I suspect most people use roughly the same amount of electricity every day.  My outlier is when the washing machine goes on.