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Octopus Tracker

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  • pelaca
    pelaca Posts: 29 Forumite
    Seventh Anniversary 10 Posts
    It was definitely the tracker, as I requested details of the tariff via email and they sent them instantly while I was on the phone. Whether what they said is correct, I don't know, but it seems that the information they provide is a bit inconsistent.
  • milo_2020
    milo_2020 Posts: 258 Forumite
    Third Anniversary 100 Posts Name Dropper
    The majority of the people in this thread and their previous history on honouring caps on Tracker + Agile suggests the info they gave you was incorrect, maybe not referencing the cap and instead the prices? I don't know, but I posted above confirmation they will honour it for 12 months.
  • pelaca
    pelaca Posts: 29 Forumite
    Seventh Anniversary 10 Posts
    edited 30 June 2022 at 10:27AM
    Yes, I hope that they were incorrect, but it makes me slightly hesitant in changing to the tracker tariff.

    I did notice though that on the FAQs on the tracker tariff webpage under "How is the price of the Octopus Tracker calculated?", it says "The unit rate is updated at midnight each day based on the latest wholesale price. Changes to standing charges are infrequent, and we’ll let you know at least 30 days in advance of any changes coming into effect."

    This suggests that they might change the standing charges - unless, again, this information is not correct.
  • bristolleedsfan
    bristolleedsfan Posts: 12,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 30 June 2022 at 10:41AM
    pelaca said:
    Yes, I hope that they were incorrect, but it makes me slightly hesitant in changing to the tracker tariff.

    I did notice though that on the FAQs on the tracker tariff webpage under "How is the price of the Octopus Tracker calculated?", it says "The unit rate is updated at midnight each day based on the latest wholesale price. Changes to standing charges are infrequent, and we’ll let you know at least 30 days in advance of any changes coming into effect."

    This suggests that they might change the standing charges - unless, again, this information is not correct.
    Tracker product guide FAQ that says they can change SC and T+C that says they can change the formula by giving notice is correct, if Octopus honour existing version(s) cap and standing charges for V1 and V2 that is goodwill, them being nice, 

  • SJMALBA
    SJMALBA Posts: 1,064 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    SJMALBA said:
    June is going out on a high, but not in a good way - today's electricity DA price is, by a significant margin, the highest of the month, meaning a unit rate for me tomorrow of... 42.68p/kWh! :o
    In practice, it'll be 40p/kWh, as the cap has been hit for Tracker v2 & v3 for the first time since I started on Tracker, in the middle of April.
    It also means that the average daily unit rate for electricity in June will be (slightly) higher than SVT:-
    Tracker - 28.26p/kWh
    SVT - 27.9pkWh
    For me, average daily unit rate for gas in June is lower than SVT:-
    Tracker - 6.08p/kWh
    SVT - 7.33p/kWh
  • tlcgrantham
    tlcgrantham Posts: 667 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    SJMALBA said:
    SJMALBA said:
    June is going out on a high, but not in a good way - today's electricity DA price is, by a significant margin, the highest of the month, meaning a unit rate for me tomorrow of... 42.68p/kWh! :o
    In practice, it'll be 40p/kWh, as the cap has been hit for Tracker v2 & v3 for the first time since I started on Tracker, in the middle of April.
    It also means that the average daily unit rate for electricity in June will be (slightly) higher than SVT:-
    Tracker - 28.26p/kWh
    SVT - 27.9pkWh
    For me, average daily unit rate for gas in June is lower than SVT:-
    Tracker - 6.08p/kWh
    SVT - 7.33p/kWh
    SJMALBA said:
    SJMALBA said:
    June is going out on a high, but not in a good way - today's electricity DA price is, by a significant margin, the highest of the month, meaning a unit rate for me tomorrow of... 42.68p/kWh! :o
    In practice, it'll be 40p/kWh, as the cap has been hit for Tracker v2 & v3 for the first time since I started on Tracker, in the middle of April.
    It also means that the average daily unit rate for electricity in June will be (slightly) higher than SVT:-
    Tracker - 28.26p/kWh
    SVT - 27.9pkWh
    For me, average daily unit rate for gas in June is lower than SVT:-
    Tracker - 6.08p/kWh
    SVT - 7.33p/kWh
    Similar for me but the last 10 days of June averaged just over the SVT
  • QrizB
    QrizB Posts: 18,196 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    I've just put in my end-of-the-month gas meter reading. This is Tracker V3 in Southern region (H at Guy Lipman's site).
    • First 10 days of June - £7.01 for 78.54kWh incl. SC = 5.46p/kWh
    • Second 10 days - £5.95 for 56.25kWh incl. SC = 5.74p/kWh
    • Third 10 days - £6.89 for 56.39kWh incl. SC =7.39p/kWh
    • Overall - £19.85 for 191.18kWh incl. SC = 6.11p/kWh average for the month.
    I'm happy with that, a small saving vs. the SVT.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • SJMALBA said:

    When I submit my meter readings tomorrow, for June, I'll be able to see how Tracker cost compares to SVT, and how close my 'daily average unit rates across the month bill calculation' compares to what I'm actually billed by Octopus, using their apportioning via '...official Profile Coefficients for electricity, and Annual Load Profiles for gas'.

    Oooh, the excitement! 😆




    I have tracker but dumb meter, do I need to sumbit my readings at the end of each month? Or can I just pick the date I want in the month so I can read both meters at same time?
  • tlcgrantham
    tlcgrantham Posts: 667 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    SJMALBA said:

    When I submit my meter readings tomorrow, for June, I'll be able to see how Tracker cost compares to SVT, and how close my 'daily average unit rates across the month bill calculation' compares to what I'm actually billed by Octopus, using their apportioning via '...official Profile Coefficients for electricity, and Annual Load Profiles for gas'.

    Oooh, the excitement! 😆




    I have tracker but dumb meter, do I need to sumbit my readings at the end of each month? Or can I just pick the date I want in the month so I can read both meters at same time?
    Yes. When you choose to send a reading they’ll send you bill. You can even do it more often than once a month but make sure you do send a reading every month
  • tomp2494
    tomp2494 Posts: 93 Forumite
    Third Anniversary 10 Posts Name Dropper
    Looks like electric will be around the 30p/kwh mark for me tomorrow. 
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