Octopus Tracker

Mstty

Regardless of the backing Octopus have they can't keep running tariffs at a loss so I would think that cap prices will rise on tracker if it's not explicitly fixed for 12 months like the Agile tariff.

milo_2020

They said the same about tracker, its fixed for me for 12 months at that cap on my version.

They're not running at a constant loss, I would assume their calculations take into account loss on some days with the peak. They have a lot more room to negate losses IMO.

Alnat1

They bring out new versions of Tracker when rates change, I believe Octopus will honour the 12 month deal for the version you are on.

Mstty

milo_2020 said:

They said the same about tracker, its fixed for me for 12 months at that cap on my version.

They're not running at a constant loss, I would assume their calculations take into account loss on some days with the peak. They have a lot more room to negate losses IMO.

Last year was a loss plus a few other loss year recently I believe 

Spies

Octopus unlike the other cowboys, hedge their energy so I don't think they're operating at a loss.

tlcgrantham

milo_2020 said:

They said the same about tracker, its fixed for me for 12 months at that cap on my version.

They're not running at a constant loss, I would assume their calculations take into account loss on some days with the peak. They have a lot more room to negate losses IMO.

I don’t believe either Gas or Electricity Tracker v3 has hit the Cap yet. My understanding is it follows current wholesale prices not those for future delivery which the October Price Cap estimates are based on. If so it isn’t making a loss. 

milo_2020

Mstty said:

milo_2020 said:

They said the same about tracker, its fixed for me for 12 months at that cap on my version.

They're not running at a constant loss, I would assume their calculations take into account loss on some days with the peak. They have a lot more room to negate losses IMO.

Last three years were run at a loss I believe it may be even more?

How do you calculate that? Its wholesale + operating costs + profit as long as its under the cap? 

Mstty

I go on Octopus accounts for profit and loss.it looks like our of the past three years losses and one year of profit.

My suggesting therefore is it can't always go on like this so they will have to tighten up on some of their tariffs/caps and membership.

milo_2020

Companies can purposefully not make a profit for tax efficiency so IMO that's a bad sign to go off. Losses can be in R&D which are not worrying.

As long as their tariffs do make a profit then we have nothing to be concerned about. Its hardly Symbio Energy

Mstty

milo_2020 said:

Companies can purposefully not make a profit for tax efficiency so IMO that's a bad sign to go off. Losses can be in R&D which are not worrying.

As long as their tariffs do make a profit then we have nothing to be concerned about. Its hardly Symbio Energy

No I wouldn't compare Octopus to Symbio and the Ponzi scheme 🤣🤣🤣

2021 was good but that was before all the SOLR and energy crisis so 2022 could be interesting.