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Octopus Tracker

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Comments

  • Qyburn
    Qyburn Posts: 3,580 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    masonic said:

    Are they being paid for the excess though? How could this be if the wholesale price goes negative?
    I don't know that for sure, maybe someone does. I would think it's as good as certain that gas generation would continue to be paid. If wind farms don't get paid when there's a surplus, then why would they be entitled to payment when they're asked to shut down?

    The comment I've seen about negative pricing is that it costs less to pay people to consume, than it would cost to pay generators to shut down or reduce output.
  • masonic
    masonic Posts: 27,181 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 18 December 2023 at 10:33AM
    Qyburn said:
    masonic said:

    Are they being paid for the excess though? How could this be if the wholesale price goes negative?
    I don't know that for sure, maybe someone does. I would think it's as good as certain that gas generation would continue to be paid. If wind farms don't get paid when there's a surplus, then why would they be entitled to payment when they're asked to shut down?

    The comment I've seen about negative pricing is that it costs less to pay people to consume, than it would cost to pay generators to shut down or reduce output.
    Presumably some of their output is paid for on forward supply contracts, but excess output is to sold to suppliers by auction, and the price of those auctions can go negative, resulting in Agile and Tracker prices going negative. If some generation is stood down, the affected generators would need to be compensated for lost sales that are met by the excesses of other market participants. Those other market participants would sell the replacement energy to the grid for less than the original forward contract price, with the difference going some way to funding the compensation. That's my understanding anyway.
    For gas, I don't think the wholesale price goes negative (as generators can control supply), but if it did, distributors and suppliers could buy it up and store it without paying customers to use it.
  • masonic
    masonic Posts: 27,181 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 18 December 2023 at 11:21AM
    Tomorrow is looking very good for a weekday, and likely not the cheapest pricing we'll see this week...

  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    edited 18 December 2023 at 12:17PM
    masonic said:
    calleyw said:
    I have been waiting between 3 and four weeks to go on to the tracker.  I will be phoning tomorrow as I got a reply to me asking when I was going on to the tracking still no date and the person replying was not sure how to back date the charges as I asked before the start of december to go on the tracker.  Can't work out why its taking so long.  Took 2 days to move from one old supplier to the octopus.  But internal changes seem to take for ever!!!!
    The usual reasons to have to wait before you can go onto Tracker are that you don't yet have smart meters, or your meter profile is Economy 7 and needs to be changed to single rate. Another possible reason is that the Change of Supplier reading has not yet been agreed with the old supplier, so billing cannot commence. It would be worth trying to get a reason from them as there have been no other reports of such long delays.

    Nope none of those things. Never had economy 7,  I had smarts meters in june, I swapped early november.  Had my final bill and refund from my previous supplier over a month ago.  Already had my november/december bill based on my smart meter readings
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
  • masonic
    masonic Posts: 27,181 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    calleyw said:
    masonic said:
    calleyw said:
    I have been waiting between 3 and four weeks to go on to the tracker.  I will be phoning tomorrow as I got a reply to me asking when I was going on to the tracking still no date and the person replying was not sure how to back date the charges as I asked before the start of december to go on the tracker.  Can't work out why its taking so long.  Took 2 days to move from one old supplier to the octopus.  But internal changes seem to take for ever!!!!
    The usual reasons to have to wait before you can go onto Tracker are that you don't yet have smart meters, or your meter profile is Economy 7 and needs to be changed to single rate. Another possible reason is that the Change of Supplier reading has not yet been agreed with the old supplier, so billing cannot commence. It would be worth trying to get a reason from them as there have been no other reports of such long delays.

    Nope none of those things. Never had economy 7,  I had smarts meters in june, I swapped early november.  Had my final bill and refund from my previous supplier over a month ago.  Already had my november/december bill based on my smart meter readings
    Then it will be interesting to find out what they have to say when you phone them.
  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    masonic said:
    calleyw said:
    masonic said:
    calleyw said:
    I have been waiting between 3 and four weeks to go on to the tracker.  I will be phoning tomorrow as I got a reply to me asking when I was going on to the tracking still no date and the person replying was not sure how to back date the charges as I asked before the start of december to go on the tracker.  Can't work out why its taking so long.  Took 2 days to move from one old supplier to the octopus.  But internal changes seem to take for ever!!!!
    The usual reasons to have to wait before you can go onto Tracker are that you don't yet have smart meters, or your meter profile is Economy 7 and needs to be changed to single rate. Another possible reason is that the Change of Supplier reading has not yet been agreed with the old supplier, so billing cannot commence. It would be worth trying to get a reason from them as there have been no other reports of such long delays.

    Nope none of those things. Never had economy 7,  I had smarts meters in june, I swapped early november.  Had my final bill and refund from my previous supplier over a month ago.  Already had my november/december bill based on my smart meter readings
    Then it will be interesting to find out what they have to say when you phone them.
    It will be. Maybe I should have realised then the 1st December email started Thank you for completing the Tracker Sign Up Form in July 2023.  I wasn't with them in july.  And upon checking I joined them in early october not november.
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
  • la531983
    la531983 Posts: 3,096 Forumite
    1,000 Posts First Anniversary Name Dropper
    Gas up 9% in trading today, so something is afoot.
  • pfpf
    pfpf Posts: 5,109 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    maybe the Red Sea situation. knee jerk or longer term? lets see.
  • Slinky
    Slinky Posts: 11,011 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    pfpf said:
    maybe the Red Sea situation. knee jerk or longer term? lets see.

    That's what I said as soon as I heard about BP.
    Make £2025 in 2025
    Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
    Total £915.94/£2025 45.2%

    Make £2024 in 2024
    Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44
    Total £1410/£2024  70%

    Make £2023 in 2023  Total: £2606.33/£2023  128.8%



  • mmmmikey
    mmmmikey Posts: 2,316 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Name Dropper
    la531983 said:
    Gas up 9% in trading today, so something is afoot.

    Maybe something to do with shipping LNG through the Red Sea?
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