Octopus Tracker

MultiFuelBurner

masonic said:

MultiFuelBurner said:

I am.fairly relaxed about the new formula.proposal but have noticed some areas are +1p and others are +4p. 

Those regions on +4p and the predictions for electricity prices next year could mean tracker becomes a regional product.

Maybe Octopus have not weighted the formula properly or maybe I am missing something.

An interesting observation. Looking at both sets of formulae, there is a slight increase in the spread for constant added on to the rate, which has gone up from a 1.5p range to a 1.8p range (the relative standard deviation has increased from 5.9% to 6.1%). London has gone from the second cheapest to second most expensive. NW and East of England have also gone from towards the cheaper end to towards the more expensive end. Some others have gone from lower-middle to upper-middle. In terms of the wholesale rate multiplier, this remains at a 0.8% RSD with only tiny tweaks made in the last decimal places.

In terms of the final unit rate, the spread has gone up from about 1.6p to 1.9p, so I don't think that would make Tracker significantly less attractive in any specific region (I dare say the regional differences in SVT are aligned with these differences too). The main thing that has happened is that the relative price ranking of each region has shifted around.

Yeah was just a quick glance.so cheers for the cooker look.

When I get some time will plug the formula into a spreadsheet and have a closer look.

masonic

I was doubtful, but these are some very nice sub-10p elec prices for tomorrow:

These would have been between 9.86p and 11.79p under the new formulae.

MultiFuelBurner

masonic said:

I was doubtful, but these are some very nice sub-10p elec prices for tomorrow:

These would have been between 9.86p and 11.79p under the new formulae.

Bang on. Very nice 👍

northernstar007

what site for elecky prices, not on gas tracker yet

masonic

northernstar007 said:

what site for elecky prices, not on gas tracker yet

Wholesale prices can be found at https://www.nordpoolgroup.com/en/Market-data1/GB/Auction-prices/UK/Daily/?dd=GB&view=table
Daily auction is at 10am, results posted shortly after.

northernstar007

thanks masonic appreciate that

mmmmikey

Twas the night before Christmas and barely a sound
'til the silence was shattered as the laundry span round
What's going on, my friends said to me?
Have you seen Tracker prices, they're less than 10p?

I excitedly told them to look on the forum
but they wouldn't do that 'cause the answers just bore 'em
You can't help some people, it's now become clear
They won't have smart meters, but wait 'til next year

They'll be forced into changing sooner or later
So get yours done now and don't be a waiter
Once it is done you won't find it funny
That holding things back has costed you money

Happy Christmas everyone - ho, ho, ho :-)

Griffindog

Is there a table anywhere showing the standing charge and add-ons pre and post 11th December? (I’m in Yorkshire)

Griffindog

Merry Christmas everyone 

masonic

Griffindog said:

Is there a table anywhere showing the standing charge and add-ons pre and post 11th December? (I’m in Yorkshire)

The standing charges can be found via 'All our tariffs' and you can compare pre- and post- formulae in the FAQ of the Tracker page. Yorkshire was and remains very cheap compared to other regions.