Octopus Tracker

MultiFuelBurner

Telegraph_Sam said:

I got this idea from the (to my mind) remarkably candid notes by Octopus themselves on Tracker. . They pointed out that Tracker prices could double in winter and there was a case for switching to Flexible or some tariff that was protected by a cap during this period. 9 months from now would bring us to July which is "later" than ideal so one would have to take a long term view of getting into sync with the seasons in stages.
It could well be that these ponderings apply more to one fuel than the other. Keeps the mind in gear when the attractions of being outside are diminished.

Quite rightly Octopus have to point out the extremes of next day pricing.

Nobody should be in tracker imo if they are not monitoring their use, their actual savings and their overall average price per kWh to know exactly where they stand.

Most will compare this to a flexible SVT rate, maybe a fix they could have gone on or for us our benchmark us how we could run the house ont he Cosy Tariff.

If you are doing those basics you will know when and if you consider jumping off tracker and bear in mind the 9 month rejoin.

It's not a tariff I would advise to grandparents or those not really interested in energy and maximising their savings but for us it's bought a bit of fun into energy costs.

Griffindog

MultiFuelBurner said:

Nobody should be in tracker imo if they are not monitoring their use, their actual savings and their overall average price per kWh to know exactly where they stand.

I have no idea how much I have saved over the last 16 months - probably between £600 and £1000. I have a daily glance at the rates and have a look through my bill when it comes but I don’t log usage and savings as I did when I first joined. If prices jump really high for more than a couple of weeks with no sign of dropping then I might reconsider my position. In August and September last year I probably paid a little more than SVR but that was quickly recovered in January and it has been win, win since then.

MultiFuelBurner

Using Nordpool and my new found prediction skills I estimate 19p kWh for East of England tomorrow (First time through the random prediction calculator v1) so expect some errors lol

tlcgrantham

MultiFuelBurner said:

Telegraph_Sam said:

I got this idea from the (to my mind) remarkably candid notes by Octopus themselves on Tracker. . They pointed out that Tracker prices could double in winter and there was a case for switching to Flexible or some tariff that was protected by a cap during this period. 9 months from now would bring us to July which is "later" than ideal so one would have to take a long term view of getting into sync with the seasons in stages.
It could well be that these ponderings apply more to one fuel than the other. Keeps the mind in gear when the attractions of being outside are diminished.

Quite rightly Octopus have to point out the extremes of next day pricing.

Nobody should be in tracker imo if they are not monitoring their use, their actual savings and their overall average price per kWh to know exactly where they stand.

Most will compare this to a flexible SVT rate, maybe a fix they could have gone on or for us our benchmark us how we could run the house ont he Cosy Tariff.

If you are doing those basics you will know when and if you consider jumping off tracker and bear in mind the 9 month rejoin.

It's not a tariff I would advise to grandparents or those not really interested in energy and maximising their savings but for us it's bought a bit of fun into energy costs.

As a 74 year old grandparent I find being on both Trackers a fun way to save money and have time to keep an eye on it daily.

SJMALBA

MultiFuelBurner said:

Using Nordpool and my new found prediction skills I estimate 19p kWh for East of England tomorrow (First time through the random prediction calculator v1) so expect some errors lol

For me, 19.83p/kWh, which brings down October's (worst-case, for Tracker v2) average below 20p/kWh, with one day to go...

MultiFuelBurner

SJMALBA said:

MultiFuelBurner said:

Using Nordpool and my new found prediction skills I estimate 19p kWh for East of England tomorrow (First time through the random prediction calculator v1) so expect some errors lol

For me, 19.83p/kWh, which brings down October's (worst-case, for Tracker v2) average below 20p/kWh, with one day to go...

.08p out for me

SJMALBA

MultiFuelBurner said:

SJMALBA said:

MultiFuelBurner said:

Using Nordpool and my new found prediction skills I estimate 19p kWh for East of England tomorrow (First time through the random prediction calculator v1) so expect some errors lol

For me, 19.83p/kWh, which brings down October's (worst-case, for Tracker v2) average below 20p/kWh, with one day to go...

.08p out for me

Not bad... for a beginner. 

 For me...

mmmmikey

MultiFuelBurner said:

SJMALBA said:

MultiFuelBurner said:

Using Nordpool and my new found prediction skills I estimate 19p kWh for East of England tomorrow (First time through the random prediction calculator v1) so expect some errors lol

For me, 19.83p/kWh, which brings down October's (worst-case, for Tracker v2) average below 20p/kWh, with one day to go...

.08p out for me

Not bad - hope you manage to refine your magic guesstimator speadsheet and get even closer tomorrow

Chrysalis

masonic said:

Chrysalis said:

Spoonie_Turtle said:

SJMALBA said:

MultiFuelBurner said:

SJMALBA said:

Telegraph_Sam said:

Is this so that you know whether to have the proverbial washing machine on today or tomorrow, as opposed to first thing or last thing today (which would be relevant to Agile)?

No, as I have non-smart meters - It's because a spreadsheet seemed the way to go in order to keep a close eye on Tracker (so that I can see what the worst-case monthly averages are on an ongoing basis, actual running averages, difference in bill costs compared to SVT etc.), so adding in the UR calculation was an easy addition.

Are they smart but not communicating or dumb.

As I wonder what Octopus will do now smart meters are required for tracker.

Non-smart/dumb, but I'm on Tracker v2 - AFAIK, the smart meter requirement is for the current version (and for those coming off v3 and later, and therefore being put on the current version?).

How are you still on v2?  v3 was pulled before we joined the July version last August, and our first year's term on that is long gone.

Octopus as far as I am aware, have let users on the earliest versions of the tariff stay on them, its interesting as they will be losing more money on those tariffs but have decided to let those people stay on them.  Speculating, its probably down to numbers, as I expect take up started massively shooting up around summer 2022.  Some similar things happening on old GO tariffs as well, with some customers allowed to stay on old terms, whilst others told they need to move to a newer tariff. I expect they will get perpetual renewals as long as their circumstances dont change.

They haven't been letting those on the old Go tariffs get perpetual renewals.

Some have been getting the renewals, its been inconsistent on GO, I know people who were told tough luck, and I know people who it was given to.

Obviously perpetual the meaning of the word itself is only ever going to be speculation though as its referring to the future.  But my speculation there I meant just for those on the old trackers, the GO renewals seemed to be base on luck of the draw on who answers the request.

masonic

Chrysalis said:

masonic said:

Chrysalis said:

Spoonie_Turtle said:

SJMALBA said:

MultiFuelBurner said:

SJMALBA said:

Telegraph_Sam said:

Is this so that you know whether to have the proverbial washing machine on today or tomorrow, as opposed to first thing or last thing today (which would be relevant to Agile)?

No, as I have non-smart meters - It's because a spreadsheet seemed the way to go in order to keep a close eye on Tracker (so that I can see what the worst-case monthly averages are on an ongoing basis, actual running averages, difference in bill costs compared to SVT etc.), so adding in the UR calculation was an easy addition.

Are they smart but not communicating or dumb.

As I wonder what Octopus will do now smart meters are required for tracker.

Non-smart/dumb, but I'm on Tracker v2 - AFAIK, the smart meter requirement is for the current version (and for those coming off v3 and later, and therefore being put on the current version?).

How are you still on v2?  v3 was pulled before we joined the July version last August, and our first year's term on that is long gone.

Octopus as far as I am aware, have let users on the earliest versions of the tariff stay on them, its interesting as they will be losing more money on those tariffs but have decided to let those people stay on them.  Speculating, its probably down to numbers, as I expect take up started massively shooting up around summer 2022.  Some similar things happening on old GO tariffs as well, with some customers allowed to stay on old terms, whilst others told they need to move to a newer tariff. I expect they will get perpetual renewals as long as their circumstances dont change.

They haven't been letting those on the old Go tariffs get perpetual renewals.

Some have been getting the renewals, its been inconsistent on GO, I know people who were told tough luck, and I know people who it was given to.

Obviously perpetual the meaning of the word itself is only ever going to be speculation though as its referring to the future.  But my speculation there I meant just for those on the old trackers, the GO renewals seemed to be base on luck of the draw on who answers the request.

I'm not aware of anyone being able to renew the old Go tariffs on the same terms since early this year. I was one of the lucky ones last year, but no more. The more recent renewals offered only the current vanilla Go, unlike Tracker which autorenewed on current terms. And this time Octopus was consistent in getting them out to customers within regulatory timelines. 

Anyone still paying a fixed 13.5p/4.5p or similar per unit is going to be costing Octopus a lot of money. I only mentioned the Go tariffs as you cited them specifically, but if you only meant that perpetual renewals might apply to Tracker and not the Go tariffs, then I would suggest this will probably end when the cap starts to make a significant difference to what they pay. That isn't likely to be the case over the next year.