Octopus Tracker

QrizB

double_dutchy said:

... namely SVR is lower, tracker caps are higher and there's no EPG

There is still an EPG, at £2500/yr for the mythical average household. It's just that the Ofgem cap is lower than it.

powergen_insider

QrizB said:

double_dutchy said:

... namely SVR is lower, tracker caps are higher and there's no EPG

There is still an EPG, at £2500/yr for the mythical average household. It's just that the Ofgem cap is lower than it.

When will/did that change to £3000?

bristolleedsfan

powergen_insider said:

QrizB said:

double_dutchy said:

... namely SVR is lower, tracker caps are higher and there's no EPG

There is still an EPG, at £2500/yr for the mythical average household. It's just that the Ofgem cap is lower than it.

When will/did that change to £3000?

Correct answer is currently £3000

https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022

double_dutchy

QrizB said:

There is still an EPG......

Sorry, I stand corrected. Perhaps I should have said "no effective EPG for tracker customers"

SteveNorfolk

Shedman said:

pfpf said:

t0rt0ise said:

The gastracker.uk guy has made a site that works out your savings this year and last by month, so I can see my savings this year so far are £710 on tracker compared with the SVT. Much easier than working it out myself. Doesn't quite do what those here want but is very useful. Go to gastracker.uk and hit Crowd Share. When added you can filter on your own name to get your own graph data.

hey. did this yesterday. how do you actually see your own results today? i am on the website, do i have to put my same details in again on the same page and it will find me? i can't see a "filter" to find a specific name, i.e me.

BTW I believe he has changed the criteria to now only include those with at least one years tracker history so if you haven't been on Tracker for that length you may not be added anyway

If you have less than 12 months data then I still add your data to the monthly charts - but your data does not get added to the two summary charts - house type or age for house. 

DigSunPap

Many customers find that tracker tariffs can be attractive in the short term but may not provide long-term savings. The quoted figures often rely on historical data and may not reflect current or future price trends, especially in a time of rising energy costs. 

masonic

DigSunPap said:

Many customers find that tracker tariffs can be attractive in the short term but may not provide long-term savings. The quoted figures often rely on historical data and may not reflect current or future price trends, especially in a time of rising energy costs. 

The last period of rising energy costs was 2022, and historical data would be very relevant to understanding what happens during such a period. Future price trends cannot be predicted, so no quoted figure based on a variable tariff could ever be relied on to reflect that. If you want a quote that is accurate for the future, it would be necessary to opt for a fixed tariff, but the figures would only be relevant for the duration of the fix. The tracker tariff is likely to provide long-term savings by virtue of the fact the consumer takes the short term risk, whereas price-hedged contracts would come at a premium price. However, those who do not understand the risks may be scared off by normal and expected spikes in prices. Parallels can be drawn with investing.

Edit: 25 posts since 2 pm across a wide variety of random threads suggests I am replying to a chatbot, lol

Spoonie_Turtle

masonic said:

DigSunPap said:

Many customers find that tracker tariffs can be attractive in the short term but may not provide long-term savings. The quoted figures often rely on historical data and may not reflect current or future price trends, especially in a time of rising energy costs. 

Edit: 25 posts since 2 pm across a wide variety of random threads suggests I am replying to a chatbot, lol

Yep.  Plus if it were a human who had bothered to read even a single page of the thread they would see that Tracker has consistently resulted in savings in the long term.

Telegraph_Sam

It would be helpful to noddy readers such as myself if when "savings" are referred to, it could be made clear what the basis chosen for comparison is. Tracker strikes me as a rather unique animal, so like for like comparisons are difficult. All the more reason for stating the basis so that the reader can make a more educated comparison.If I was to quit Tracker now it would probably be in favour of the best fixed rate tariff that I could unearth.

masonic

Telegraph_Sam said:

It would be helpful to noddy readers such as myself if when "savings" are referred to, it could be made clear what the basis chosen for comparison is. Tracker strikes me as a rather unique animal, so like for like comparisons are difficult. All the more reason for stating the basis so that the reader can make a more educated comparison.If I was to quit Tracker now it would probably be in favour of the best fixed rate tariff that I could unearth.

The default option for comparison would be SVR. Smart tariffs cannot easily be compared as these can be highly dependent on your usage profile. Whereas fixed would generally be higher than variable and therefore set too low a bar (not to mention being unavailable for a substantial period of time).