Octopus Tracker

milo_2020

Those losses in terms of turnover are pointless to take any info from - that is chicken feed in comparison.

Its HIGHLY likely they are avoiding corporation tax or something similar. Makes more sense to take a small loss.

Symbio may have been a ponzi scheme but my electric was 4x less than what it is now......... AND IVE STARTED BEING ENERGY AWARE!!! I can't wait for Symbio and friends to return in the coming years....

Mstty

Do you think they will return? I mean I can't see people refusing a cheap deal if they do 😅

milo_2020

They will most certainly return one way or another, they may have to change their business methods so maybe not as cheap but still once things stabilise the companies will definitely return to undercut and make a profit. I was 100% fine with random amounts coming out my account, sometimes twice in a month, no phone support, month wait for email replies... providing it was almost free. Thats a topic for another thread.

I am going to stay with tracker until the end of this month, if we keep going over 35p then I will switch to Agile as treat that as my fix for a year.

My winter usage is about the same if not a bit less than in the summer. I plan to reduce my gas usage and use electric instead as its looking like it will be cheaper for me.

Mstty

This can't be good news 

BBC News - Germany takes step closer to gas rationing

https://www.bbc.co.uk/news/business-61908998

k_man

milo_2020 said:

They will most certainly return one way or another, they may have to change their business methods so maybe not as cheap but still once things stabilise the companies will definitely return to undercut and make a profit. I was 100% fine with random amounts coming out my account, sometimes twice in a month, no phone support, month wait for email replies... providing it was almost free. Thats a topic for another thread.

I am going to stay with tracker until the end of this month, if we keep going over 35p then I will switch to Agile as treat that as my fix for a year.

My winter usage is about the same if not a bit less than in the summer. I plan to reduce my gas usage and use electric instead as its looking like it will be cheaper for me.

What are you basing this on?
Unless you have a heat pump (or solar) electricity is 3 - 4x more expensive per unit?

And FYI, in my maths, the reduced standing charge of Agile and reduced cap seem to make it a better deal than Tracker.

Get some purge pricing periods and it's a win!

milo_2020

I have AC throughout the house and the heat modes after around 15-20 minutes draw about 250-300w of power once the room is up to temp. I can heat a lot of the house with a log burner and then for the rooms that just need bringing up to temp I can use the mini splits.

I am also getting a 6.5kw solar array installed September with a 9.5kw battery (at the minute). I think I will go over to Agile to be honest as the Givenergy system will charge when prices are plunged, free, or near enough. My plan was to increase the solar array and the battery size again next year too, finance depending.

EDIT: Agile is quite commonly at the 35p cap, Tracker has been quite commonly well under this - which is why tracker seems a better deal to me at the minute.

SJMALBA

Wholesale electricity down today, so tomorrow's unit rate, for me, should be 31.33p/kWh (down from today's 37.05p/kWh).

SJMALBA

savers_united said:

The attraction of tracker is the voluntary cap which they seem to have maintained for v1 customers at least until their fixed term expires. From my understanding the other tariffs have had their cap increased, so nothing to stop them removing the cap altogether or raising it with some notice period.

What Octopus have done previously is not a guarantee for any future decisions, I think alot of it is down to the numbers on the tariff at the time and their computer systems. 

You always have the option to jump across to the variable flex but after October it's going to be alot higher so it's still worth keeping an eye on the fixed deals, I have gone with Octopus Go faster for another year at 35p per kwh and 8.25 off peak 5 hours with a 47p SC.

Yes tracker can be alot lower and SC is lower and there is a ceiling for now, but if that gets removed and Go and thr variable flex increases again I am stuck on a higher tariff all round. 

AFAIK, v2 was introduced in order to have a new/higher cap, just as v3 was introduced to have new/higher standing charges; in both cases, it left the previous versions as they were, and while it's not a guarantee, it does give an indication of Octopus' MO in respect of Tracker? However, I imagine it depends on how crazy wholesale prices get, as to whether they maintain their previous practices 'going forward'?

As you say, you are free to move to other tariffs if things don't go the way we hope...

k_man

milo_2020 said:

I have AC throughout the house and the heat modes after around 15-20 minutes draw about 250-300w of power once the room is up to temp. I can heat a lot of the house with a log burner and then for the rooms that just need bringing up to temp I can use the mini splits.

I am also getting a 6.5kw solar array installed September with a 9.5kw battery (at the minute). I think I will go over to Agile to be honest as the Givenergy system will charge when prices are plunged, free, or near enough. My plan was to increase the solar array and the battery size again next year too, finance depending.

EDIT: Agile is quite commonly at the 35p cap, Tracker has been quite commonly well under this - which is why tracker seems a better deal to me at the minute.

As you have A/C then you have indeed have heat pump technology. Your comment makes more sense now 

As far as I can tell, Tracker is pretty much the average of Agile.
Good days on Tracker, have good periods (lower than Tracker) of the day on Agile.

If you can be flexible in usage, you can then take advantage of the lower periods.

ETA And if Agile is a touch higher than Tracker, the reduced SC mitigates by approx 2p per unit (based 5- 10 unites per day).

milo_2020

Yea but like take tomorrows 31p average tracker to Agile's almost still pegged to 35p (East of England).