Octopus Tracker

masonic

Telegraph_Sam said:

With all the statistics being quoted at present, can (most) Tracker (and Agile) users afford to take a "detached" view of the imminent changes? Based on the wholesale prices remaining at roughly present levels at least for the short to medium term, and the fluctuations in prices remaining in line with recent weeks.

It makes no difference to us, as our charging structure is fixed for the next 12 months. Higher standing charges could eventually catch up with us when we renew or switch.

Pat38493

Just moved from Tracker to Agile after looking at my reports on Octopus Compare since the price increase.  Even without load shifting Agile is now cheaper for my usage patterns.

I actually wonder if this is also part of the reason for the price increase - the prior low Tracker price rendered Agile as a niche tariff for most people as you had to do a lot of load shifting to make it work.

bristolleedsfan

SAC2334 said:

Archerychick said:

masonic said:

And so we move on to the news that an SVT "average bill" is set to fall by 12%. Regional pricing data here. To me this seems not at all competitive with unhedged tariffs like Tracker and I'm left questioning why this is lower than the 15% prediction given where wholesale prices have gone recently. It seems to me wholesale prices would have to go up quite a bit for any of us Tracker customers to pay this much.

All available here https://www.ofgem.gov.uk/publications/changes-energy-price-cap-between-1-april-30-june-2024

Cornwall Insight off quite a bit for Yorkshire region on gas as the drop is 18.23% . 7.35 pkwh down to 6.01 p/kwh .that is direct debit .
electric down 15.94% from 27.79 p/kwh to 23.36 p/kwh . single rate tariff on direct debit .

E Standing Charge for Yorkshire region up from 55.99 to 67.40,
Northern Region 57.42 to 67.40
Southern Region 49.96 to 63.72
South East          47.57 to 57.40


https://www.ofgem.gov.uk/information-consumers/energy-advice-households/get-energy-price-cap-standing-charges-and-unit-rates-region

MuckChucker

Pat38493 said:

Just moved from Tracker to Agile after looking at my reports on Octopus Compare since the price increase.  Even without load shifting Agile is now cheaper for my usage patterns.

I actually wonder if this is also part of the reason for the price increase - the prior low Tracker price rendered Agile as a niche tariff for most people as you had to do a lot of load shifting to make it work.

I still have a few days left on the old Tracker so have a decision to make. It's looking like Agile will work out a little cheaper than the new Tracker based on the last month

Badboi

With the EPG dropping, is it still worth looking at tracker? We use 4500 kWh a year (bloody marine fish tanks!). So are paying about £30 a week for electricity alone on flexible octopus (about 100kwh a week).  Looking at tracker electricity is about 10p per kwh less than flexible, but with today’s announcement that electric will be around 24p per kWh. 

masonic

Badboi said:

With the EPG dropping, is it still worth looking at tracker? We use 4500 kWh a year (bloody marine fish tanks!). So are paying about £30 a week for electricity alone on flexible octopus (about 100kwh a week).  Looking at tracker electricity is about 10p per kwh less than flexible, but with today’s announcement that electric will be around 24p per kWh.

At current prices there is still a considerable saving to be had on either Tracker or Agile. There is no lock-in, so if prices did increase you could leave within a few days.

Slinky

Badboi said:

With the EPG dropping, is it still worth looking at tracker? We use 4500 kWh a year (bloody marine fish tanks!). So are paying about £30 a week for electricity alone on flexible octopus (about 100kwh a week).  Looking at tracker electricity is about 10p per kwh less than flexible, but with today’s announcement that electric will be around 24p per kWh. 

The rate changes every day, and depending on where you are in the country. We're Eastern which has gone up since mid December, but even on those ratesl is still under 20p over the average of the last 90 days.  If wholesale prices are dropping, Tracker rate will drop.

Check out gastracker if you want to get a good idea of historic rates, which of course are not a guarantee of future ones. 

Only you can decide if you want the certainty of a fix or are prepared to keep an eye on the Tracker rates and move to something else if it no longer suits your appetite for risk.

northernstar007

i'm sticking with tracker end date nov24, i take it i should stay on this old V3 tariff?? then look at the agile tariff

Telegraph_Sam

Nov 22 v3??

pfpf

la531983 said:

A good chance that gas wholesale could close today at its lowest price since April 2021...

and about 3 seconds after this post the price started rising to actually finish higher for the day. cheers