Octopus Tracker

masonic

QrizB said:

During the sunnier months my household uses less than 5 kWh per day, on average, so a 5p increase in standing charge is equivalent to 1p on a kWh.

Having just checked Octopus's website, Octopus Go's SC is 25p/day,  9.3p/day more than my current 15.7p SC. The "peak" Go rate is 13.8p/kWh vs. my current 14.3p/kWh, only 0.5p less. My normal overnight phantom loads are less than 100w. Barring some (truly heroic!) load management I would need to use more then 18kWh per day for it to be worth switching.

I had the same reservations about summer utilisation of Go, but I decided to take a 12 month view. The Go unit rates do not appear to have been increased since June 2018, but energy prices have been through a recent significant increase, making the standard rate Go and Go Faster cheaper than the vast majority of variable and fixed price deals in the whole of the market. For how much longer can this be sustained?

I'd be interested to know which supplier is offering such low standing charges. All of the cheap suppliers available to me today have standing charges of 19-24p per day vs 25p for Go/Go Faster, so for me it will cost just an extra ~1p per kWh on my lowest usage days.

niktheguru said:

Neon reef on their fixed tariffs is 23.5p and on their variable 13.2p (so worth looking at the variable one if on the loer end!) 

Neon reef's current variable tariff (Marine v2) has standing charges of 23.53p and fixed (Ocean v2) has gone up to 24.81p in my region

matelodave

I've just come out of winter with Neon Reef's Aqua 1 which is presently still 12.25p/kwh and 13p/day standing charge (Eastern England) I suspect that they wont sustain it for much longer but as I use around 70% of my energy in the winter I feel that I've done pretty well so far.

QrizB

masonic said:

I'd be interested to know which supplier is offering such low standing charges. All of the cheap suppliers available to me today have standing charges of 19-24p per day vs 25p for Go/Go Faster, so for me it will cost just an extra ~1p per kWh on my lowest usage days.

You can't really compare unless you're in the same region (former Southern Electric) as me, standing charges vary regionally. I was with GNE but I'm in the queue to move to EDF as SoLR; that's EDF's quoted rate.

masonic

QrizB said:

masonic said:

I'd be interested to know which supplier is offering such low standing charges. All of the cheap suppliers available to me today have standing charges of 19-24p per day vs 25p for Go/Go Faster, so for me it will cost just an extra ~1p per kWh on my lowest usage days.

You can't really compare unless you're in the same region (former Southern Electric) as me, standing charges vary regionally. I was with GNE but I'm in the queue to move to EDF as SoLR; that's EDF's quoted rate.

The variations aren't huge from region to region. I was able to get low standing charge deals last year and prior, but these have all fallen away recently. The last low standing charge tariff I was on was with Yorkshire Energy who also went bust a couple of months before GNE. There were still a few options around at that point, but I went with Octopus to benefit from some referral cashback to offset the high costs of the ScottishPower SoLR tariff I was on for 6 weeks. The rates you've quoted are fantastic for SoLR!

niktheguru

masonic said:

Neon reef's current variable tariff (Marine v2) has standing charges of 23.53p and fixed (Ocean v2) has gone up to 24.81p in my region

Having just done a quote, neon reef are offering their marine tariff in the south of England for unit rate 14.055p/kWh and standing charge of 13.283p......not bad at all.

masonic

niktheguru said:

masonic said:

Neon reef's current variable tariff (Marine v2) has standing charges of 23.53p and fixed (Ocean v2) has gone up to 24.81p in my region

Having just done a quote, neon reef are offering their marine tariff in the south of England for unit rate 14.055p/kWh and standing charge of 13.283p......not bad at all.

You are correct about Marine v1 (E Mids prices 13.712p/kWh + 11.666p/day), but Marine v2 is the current tariff and has higher standing charges (increase of 10p per day). Marine v1 is already starting to be pulled from the comparison sites (no longer on MSE or Citizen's advice and hasn't been for a while AFAIK* - ran a comparison recently on 1500 kWh annual consumption to check I was on a good deal for summer usage and this would have come top if it was listed). As it is a variable tariff, customers switching onto it are likely to be welcomed by the 30 days notice of a price rise almost straight away.

* Edit: first references of the new v2 tariff seem to be ~27th April

pearl123

niktheguru said:

masonic said:

Neon reef's current variable tariff (Marine v2) has standing charges of 23.53p and fixed (Ocean v2) has gone up to 24.81p in my region

Having just done a quote, neon reef are offering their marine tariff in the south of England for unit rate 14.055p/kWh and standing charge of 13.283p......not bad at all.

Are Neon Reef any good? 

matelodave

What do you mean by any good?.

I've been with them since 1st October. Their leccy comes down the wires, their billing has been fine, they've been taking my DD without faffing around with it and my account balances as it should. They've  answered my one query within a day. What more do you want?

They are probably much like most compamnies, if you send in a reading every month, check your on-line account every month and ensure that it's correct then there's not really much to go wrong.

Obviously if you dont do these things and you let your account run with estimated readings or any of the other ills that some people seem to end up with because they dont keep an eye on things then they are probably as goog or bad as anyone else if it goes wrong.

However, even if it does go wrong , you should never get more than a month out of sync if you send in monthly readings and check your bills monthly so it becomes a lot easier to sort out. It seems it's those who let it drift on for months or years who end up with all the hassle

Gerry1

pearl123 said:

niktheguru said:

masonic said:

Neon reef's current variable tariff (Marine v2) has standing charges of 23.53p and fixed (Ocean v2) has gone up to 24.81p in my region

Having just done a quote, neon reef are offering their marine tariff in the south of England for unit rate 14.055p/kWh and standing charge of 13.283p......not bad at all.

Are Neon Reef any good? 

Yes, they're great, haven't increased their Aqua One variable tariff since I switched in Feb 2020 although no longer available for new supply.  https://forums.moneysavingexpert.com/discussion/6164185/neon-reef-any-views

matelodave

And I though I was doing well with no changes since October