Octopus Tracker

MultiFuelBurner

masonic said:

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

Just a reminder of why this isn't promoted to newbies...

I would suggest the number of years it's been running the word Beta is now incorrect 😂

I would beg to differ. Everything stated in that explanation is still true. As a case in point, I still haven't received an automatically generated statement since joining the tariff in July. I doubt it will ever be sufficiently free of bugs to be considered production grade.

I wonder what a successful percentage would be then to be a main stream product and I wonder if they have met that. Nothing is 100% as can be seen on this forum for automation of readings and billing.

All of their smart tariffs are currently beta I believe, so the only ones they consider mainstream seem to be the ones that can fall back on manual methods without loss of accuracy (keeping it beta also gives them a get out if a customer complains that they have the wrong pricing on their IHD).

Which probably makes the word beta meaningless then.

Pat38493

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

Just a reminder of why this isn't promoted to newbies...

I would suggest the number of years it's been running the word Beta is now incorrect 😂

I would beg to differ. Everything stated in that explanation is still true. As a case in point, I still haven't received an automatically generated statement since joining the tariff in July. I doubt it will ever be sufficiently free of bugs to be considered production grade.

I wonder what a successful percentage would be then to be a main stream product and I wonder if they have met that. Nothing is 100% as can be seen on this forum for automation of readings and billing.

All of their smart tariffs are currently beta I believe, so the only ones they consider mainstream seem to be the ones that can fall back on manual methods without loss of accuracy (keeping it beta also gives them a get out if a customer complains that they have the wrong pricing on their IHD).

Which probably makes the word beta meaningless then.

It is probably a term they use to make it easier for them to completely withdraw the tariff if they decide to do so at some point.

Pat38493

kuepper said:

If it's so certain to be cheaper why isn't every Octopus customer on it and why don't Octopus flag it as an option when you join - I was only offered Flexible tariff or 12 month fix and had to google to find links re how to switch to Tracker

This is actually a good question because frankly I can't rationally see why everyone in the country is not trying to sign up to Octopus and join this tariff - they would save billions in total.  Of course if that happened Octopus would probably close the tariff so let's keep it hush hush for now

(I exaggerate a bit as if you have batteries and solar there might be better tariffs to be on).

I think it requires that people pay some attention to looking into it, and also that they have a basic primary school level of maths and the capability to understand average pricing across multiple days.

We live in a world where lots of people sold their electric car because "my electric bill went up", having failed to notice that they were never visiting the petrol station anymore at £100 a pop.  What can you do.

We live in a world where lots of people with electric car and home charger are still on the SVR even though they could easily at least get a tariff where they can charge the car cheaper overnight. 


Even the argument that "I can't budget properly if my payments aren't constant" doesn't work as the variable direct debit process smoothes this out over a period that's longer than the SRV 3 month cap period.

MultiFuelBurner

Pat38493 said:

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

Just a reminder of why this isn't promoted to newbies...

I would suggest the number of years it's been running the word Beta is now incorrect 😂

I would beg to differ. Everything stated in that explanation is still true. As a case in point, I still haven't received an automatically generated statement since joining the tariff in July. I doubt it will ever be sufficiently free of bugs to be considered production grade.

I wonder what a successful percentage would be then to be a main stream product and I wonder if they have met that. Nothing is 100% as can be seen on this forum for automation of readings and billing.

All of their smart tariffs are currently beta I believe, so the only ones they consider mainstream seem to be the ones that can fall back on manual methods without loss of accuracy (keeping it beta also gives them a get out if a customer complains that they have the wrong pricing on their IHD).

Which probably makes the word beta meaningless then.

It is probably a term they use to make it easier for them to completely withdraw the tariff if they decide to do so at some point.

One might suggest tracker is a big profit generator(great for everyone concerned imo) so yes maybe but probably not.

Electricity unit charge: (W * 1.2017) + 7.126 p per kWh

Is it the 7.126p that is the built in profit per kWh as I couldn't confirm that with a quick search.

QrizB

MultiFuelBurner said:

One might suggest tracker is a big profit generator(great for everyone concerned imo) so yes maybe but probably not.
Electricity unit charge: (W * 1.2017) + 7.126 p per kWh
Is it the 7.126p that is the built in profit per kWh as I couldn't confirm that with a quick search.

No, it's (approximately) the other costs that Ofgem rolls into every kWh.

You can see these broken out on the Agile pricing page:
https://octopus.energy/blog/agile-pricing-explained/

Obviously for Tracker they can't add the time-dependendent parts separately, as you only have one price all day.

MultiFuelBurner

QrizB said:

MultiFuelBurner said:

One might suggest tracker is a big profit generator(great for everyone concerned imo) so yes maybe but probably not.
Electricity unit charge: (W * 1.2017) + 7.126 p per kWh
Is it the 7.126p that is the built in profit per kWh as I couldn't confirm that with a quick search.

No, it's (approximately) the other costs that Ofgem rolls into every kWh.

You can see these broken out on the Agile pricing page:
https://octopus.energy/blog/agile-pricing-explained/

Obviously for Tracker they can't add the time-dependendent parts separately, as you only have one price all day.

QrizB said:

MultiFuelBurner said:

One might suggest tracker is a big profit generator(great for everyone concerned imo) so yes maybe but probably not.
Electricity unit charge: (W * 1.2017) + 7.126 p per kWh
Is it the 7.126p that is the built in profit per kWh as I couldn't confirm that with a quick search.

No, it's (approximately) the other costs that Ofgem rolls into every kWh.

You can see these broken out on the Agile pricing page:
https://octopus.energy/blog/agile-pricing-explained/

Obviously for Tracker they can't add the time-dependendent parts separately, as you only have one price all day.

Ah ok so the 1.9% profit. Strangely I thought they would be able to factor in more for these tariffs

masonic

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

MultiFuelBurner said:

masonic said:

Just a reminder of why this isn't promoted to newbies...

I would suggest the number of years it's been running the word Beta is now incorrect 😂

I would beg to differ. Everything stated in that explanation is still true. As a case in point, I still haven't received an automatically generated statement since joining the tariff in July. I doubt it will ever be sufficiently free of bugs to be considered production grade.

I wonder what a successful percentage would be then to be a main stream product and I wonder if they have met that. Nothing is 100% as can be seen on this forum for automation of readings and billing.

All of their smart tariffs are currently beta I believe, so the only ones they consider mainstream seem to be the ones that can fall back on manual methods without loss of accuracy (keeping it beta also gives them a get out if a customer complains that they have the wrong pricing on their IHD).

Which probably makes the word beta meaningless then.

It has the usual meaning: some things might break, and we don't commit to fixing them.

Spoonie_Turtle

MultiFuelBurner said:

QrizB said:

MultiFuelBurner said:

One might suggest tracker is a big profit generator(great for everyone concerned imo) so yes maybe but probably not.
Electricity unit charge: (W * 1.2017) + 7.126 p per kWh
Is it the 7.126p that is the built in profit per kWh as I couldn't confirm that with a quick search.

No, it's (approximately) the other costs that Ofgem rolls into every kWh.

You can see these broken out on the Agile pricing page:
https://octopus.energy/blog/agile-pricing-explained/

Obviously for Tracker they can't add the time-dependendent parts separately, as you only have one price all day.

QrizB said:

MultiFuelBurner said:

One might suggest tracker is a big profit generator(great for everyone concerned imo) so yes maybe but probably not.
Electricity unit charge: (W * 1.2017) + 7.126 p per kWh
Is it the 7.126p that is the built in profit per kWh as I couldn't confirm that with a quick search.

No, it's (approximately) the other costs that Ofgem rolls into every kWh.

You can see these broken out on the Agile pricing page:
https://octopus.energy/blog/agile-pricing-explained/

Obviously for Tracker they can't add the time-dependendent parts separately, as you only have one price all day.

Ah ok so the 1.9% profit. Strangely I thought they would be able to factor in more for these tariffs

Not sure 1.9% applies to Tracker as it's not subject to the price cap.

federer

i am moving to octopus this Saturday , i believe by default to their variable tariff .....

can i straight away move to their tracker tariff or is it called agile tariff

i dont have a smart meter, assume thats an issue in itself so I cant move to it straight away?

once i do have one are you accepted by Octopus on a case by case basis when they have capacity ?

Spoonie_Turtle

federer said:

i am moving to octopus this Saturday , i believe by default to their variable tariff .....

can i straight away move to their tracker tariff or is it called agile tariff

i dont have a smart meter, assume thats an issue in itself so I cant move to it straight away?

once i do have one are you accepted by Octopus on a case by case basis when they have capacity ?

As far as I know you can go onto it as soon as you have a communicating smart meter.

Definitely be certain of which tariff!  Tracker is the one where the price changes every day, Agile it changes every half an hour.  If you go onto Agile expecting Tracker that could be a very expensive mistake.