Octopus Tracker

MultiFuelBurner

masonic said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Thanks, news to me, looks like they've left the wholesale multiplier alone but added about 2p onto the resultant unit rate. Hopefully they will leave existing customers alone for the time being.

You either have an end date on your tracker product or you don't. I presume the ones that don't won't have this extra to pay come the 1st anniversary but we will find out.

The ones that do have an end date, again the last isn't clear as to whether you renew on the same product or have to go onto the latest tracker from past tracker users posting here.

Shedman

MultiFuelBurner said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Yes a 4.8p per day jump on the SC for electricity.

What's the jump for gas SC?

Only 2.3% jump in gas SC (so not a lot).   This is of course only for new signees as I read it

masonic

MultiFuelBurner said:

masonic said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Thanks, news to me, looks like they've left the wholesale multiplier alone but added about 2p onto the resultant unit rate. Hopefully they will leave existing customers alone for the time being.

You either have an end date on your tracker product or you don't. I presume the ones that don't won't have this extra to pay come the 1st anniversary but we will find out.

1) They can vary the formula for existing customers by giving "reasonable notice"

2) Those on fixed term contracts have previously been able to renew on the same terms (such as retaining a low cap)

So, there is no way of knowing what will happen.

mmmmikey

masonic said:

MultiFuelBurner said:

masonic said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Thanks, news to me, looks like they've left the wholesale multiplier alone but added about 2p onto the resultant unit rate. Hopefully they will leave existing customers alone for the time being.

You either have an end date on your tracker product or you don't. I presume the ones that don't won't have this extra to pay come the 1st anniversary but we will find out.

1) They can vary the formula for existing customers by giving "reasonable notice"

2) Those on fixed term contracts have previously been able to renew on the same terms (such as retaining a low cap)

So, there is no way of knowing what will happen.

Have they changed the formula for existing customers before or are we into new territory here if they do?

masonic

mmmmikey said:

masonic said:

MultiFuelBurner said:

masonic said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Thanks, news to me, looks like they've left the wholesale multiplier alone but added about 2p onto the resultant unit rate. Hopefully they will leave existing customers alone for the time being.

You either have an end date on your tracker product or you don't. I presume the ones that don't won't have this extra to pay come the 1st anniversary but we will find out.

1) They can vary the formula for existing customers by giving "reasonable notice"

2) Those on fixed term contracts have previously been able to renew on the same terms (such as retaining a low cap)

So, there is no way of knowing what will happen.

Have they changed the formula for existing customers before or are we into new territory here if they do?

As far as I'm aware, until today the formula has been unchanged since inception. They have varied the standing charges though, by bringing out a new version of the tariff.

ashe

masonic said:

mmmmikey said:

masonic said:

MultiFuelBurner said:

masonic said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Thanks, news to me, looks like they've left the wholesale multiplier alone but added about 2p onto the resultant unit rate. Hopefully they will leave existing customers alone for the time being.

You either have an end date on your tracker product or you don't. I presume the ones that don't won't have this extra to pay come the 1st anniversary but we will find out.

1) They can vary the formula for existing customers by giving "reasonable notice"

2) Those on fixed term contracts have previously been able to renew on the same terms (such as retaining a low cap)

So, there is no way of knowing what will happen.

Have they changed the formula for existing customers before or are we into new territory here if they do?

As far as I'm aware, until today the formula has been unchanged since inception. They have varied the standing charges though, by bringing out a new version of the tariff.

There's been several tracker tariffs but I think it's just the unit rate cap that has differed but people have been grandfathered in when they've been on it already 

fuelcrusher

northernstar007 said:

i'm watching natural gas prices and they have been on a slide, this has an effect on our prices i take it
and how much further will it drop

Yes. As gas prices fall this means the gas powered units can make electric cheaper, hence they will bid into the auction at lower prices. If this cheap supply meets demand expectation then the electric price will be cheap. The electric price could still go high, seemingly going opposite to the gas price, if there is a tight market (low wind) and NG are having to accept the more expensive end of the fuel types. 

bristolleedsfan

North West difference today with increased tracker rate formula



 

mmmmikey

bristolleedsfan said:

North West difference today with increased tracker rate formula



with increased tracker rate formula

....a big hike on the electricity standing charge too

bristolleedsfan

ashe said:

masonic said:

mmmmikey said:

masonic said:

MultiFuelBurner said:

masonic said:

Shedman said:

I might have missed this elsewhere in the threads but Octopus have changed the calculation (and hence effectively increased the unit rates by about 11% for elec and 8% for gas) and increased the SC for anybody joining tracker from today (11Dec).  I'm hoping that existing customers on tracker for one fuel can still be switch to the same version if they switch their other fuel as I am on tracker Nov 22 v1 for gas and was hoping to move Electric over shortly.

https://octopus.energy/tracker-faqs/?fbclid=IwAR39ECJ69J8VunnUnfGJ9OYq1YnPJKcYqpghR6etbanjbbi8kMdAxiH_bKg_aem_AVANyFpNOQNb8eYnssDVPCSpvm8By7RPI-u-4dYXOaulA6qEqMm0fEP8eT-99mBaSa8

Thanks, news to me, looks like they've left the wholesale multiplier alone but added about 2p onto the resultant unit rate. Hopefully they will leave existing customers alone for the time being.

You either have an end date on your tracker product or you don't. I presume the ones that don't won't have this extra to pay come the 1st anniversary but we will find out.

1) They can vary the formula for existing customers by giving "reasonable notice"

2) Those on fixed term contracts have previously been able to renew on the same terms (such as retaining a low cap)

So, there is no way of knowing what will happen.

Have they changed the formula for existing customers before or are we into new territory here if they do?

As far as I'm aware, until today the formula has been unchanged since inception. They have varied the standing charges though, by bringing out a new version of the tariff.

There's been several tracker tariffs but I think it's just the unit rate cap that has differed but people have been grandfathered in when they've been on it already 

As masonic indicated Standing Charges increased after original Octopus Tracker v2