Octopus Tracker

Qyburn

Telegraph_Sam said:

No smart meter means that my day's gas consumption just goes into the monthly pot when the total is used in calculating the average daily consumption. This is multiplied by the market's average monthly price. One value once per month.

If it does then its different from electricity. Your description effectively averages your use over the month, as if you'd used the same every day. With electricity they spread it unevenly over the days using that "industry formula" looking at typical weekly patterns and weather etc. Then these daily amounts, not the same every day, each get priced at that day's price.

Do you not have a backing page giving daily breakdown?

It may alternatively be the difference between billing someone without a smart meter, compared to someone whose smart meter data was incomplete.

MWT

Griffindog said:

Octopus have removed my June end date but I have screen shots so will challenge this if they try to impose the December changes on me before then.

There would be no reasonable grounds to challenge it, they just have to give you notice and pick a date that suits their needs.as it is a variable tariff.

Telegraph_Sam

Qyburn said:

Telegraph_Sam said:

No smart meter means that my day's gas consumption just goes into the monthly pot when the total is used in calculating the average daily consumption. This is multiplied by the market's average monthly price. One value once per month.

If it does then its different from electricity. Your description effectively averages your use over the month, as if you'd used the same every day. With electricity they spread it unevenly over the days using that "industry formula" looking at typical weekly patterns and weather etc. Then these daily amounts, not the same every day, each get priced at that day's price.

Do you not have a backing page giving daily breakdown?

It may alternatively be the difference between billing someone without a smart meter, compared to someone whose smart meter data was incomplete.

I have now realized (from the backing page) that they use varying amounts of gas consumption each day and the total kWh's is used together with daily prices to arrive at a monthly average. How they deduce my daily consumption when I am non-smart baffles me. It means that all that I said previously is garbage.

Qyburn

Referring back to Pennine's comment, non-smart they might still have skewed his consumpti9n to favour the colder part of the month. 

northernstar007

i see again the gas markets us and uk both taking big hits, looking on price charts over 12months its not been as cheap, yet still above the 4p mark for us on tracker

spot1034

northernstar007 said:

i see again the gas markets us and uk both taking big hits, looking on price charts over 12months its not been as cheap, yet still above the 4p mark for us on tracker

When these lower wholesale prices feed through to the SVT later in the year, the gap between it and tracker is likely to be much smaller. 

northernstar007

spot1034 said:

northernstar007 said:

i see again the gas markets us and uk both taking big hits, looking on price charts over 12months its not been as cheap, yet still above the 4p mark for us on tracker

When these lower wholesale prices feed through to the SVT later in the year, the gap between it and tracker is likely to be much smaller. 

even less favourable if/when we go on the new formula

masonic

spot1034 said:

northernstar007 said:

i see again the gas markets us and uk both taking big hits, looking on price charts over 12months its not been as cheap, yet still above the 4p mark for us on tracker

When these lower wholesale prices feed through to the SVT later in the year, the gap between it and tracker is likely to be much smaller. 

If you've looked at the estimates of the forthcoming SVT rates (currently down 14% from April), then you'll see that it is unlikely to close the gap by that much. Electricity will still be in the 27-30p region, whereas we've all got to enjoy sub-20p most days. SVT is calculated on the basis of the price of forward supply contracts that include hedging and probably a degree of pessimism. They are not based on the day ahead pricing like Tracker.

pfpf

northernstar007 said:

i see again the gas markets us and uk both taking big hits, looking on price charts over 12months its not been as cheap, yet still above the 4p mark for us on tracker

i remember the 3.34 day and thinking it may get below 3 as we'd been on a downward run. i remember then it not quite hitting below 60 (very close) so purely on that number i'd have thought we'd be nearer to 3p than the 4p we're at.

northernstar007

we have hit the sub 4p for gas
our prayers been answered, tomorrow gas North East 3.83p kw, and forcast says its cold outside but its going to be warm inside