Octopus Tracker

k_man

pearl123 said:

SJMALBA said:

Anyone disappointed to miss these bargain tariffs will be relieved to be offered V2 available today around 10% cheaper.

It would be useful if someone could explain where to find the V2 Tracker, because yesterday I was  considering signing  up to the v3  Tracker. Does any know what the rates are for the V2.

I feel like I need an idiots guide! 

I think the V2 related to Octopus fixed, which is a bit lower today:
https://forums.moneysavingexpert.com/discussion/comment/79322897/#Comment_79322897
tlcgrantham said:

tomp2494 said:

New rip off rates on Octopus Loyal fix over 50p per kwh of electric and almost 17p per kwh of gas.

Thank goodness for the 40p electric / 11p caps on the tracker!!!!

Anyone disappointed to miss these bargain tariffs will be relieved to be offered V2 available today around 10% cheaper.

westv

Mstty said:

westv said:

tlcgrantham said:

tomp2494 said:

New rip off rates on Octopus Loyal fix over 50p per kwh of electric and almost 17p per kwh of gas.

Thank goodness for the 40p electric / 11p caps on the tracker!!!!

Anyone disappointed to miss these bargain tariffs will be relieved to be offered V2 available today around 10% cheaper.

But still £200 a year more for me than my calculations for the new price cap. Looking again at Agile but I wasn't planning to get a smart meterm

If you are resistant to a smart meter. Tracker v3 capped at 40p elec and 11p gas then if you don't want a smart meter? 

It was mainly due to them not working correctly when you switch supplier but that may be out of date now.

westv

Presumably you need to call them to get the "hidden" tariffs.

QrizB

k_man said:

SJMALBA said:

tlcgrantham said:

tomp2494 said:

New rip off rates on Octopus Loyal fix over 50p per kwh of electric and almost 17p per kwh of gas.

Thank goodness for the 40p electric / 11p caps on the tracker!!!!

Anyone disappointed to miss these bargain tariffs will be relieved to be offered V2 available today around 10% cheaper.

What are they playing at?!

As stated previously, Octopus fixes are based on future hedged energy costs. Those future costs vary frequently, so the Octopus fixes do too.

... although this is the first (and second!) changes to their fixed rates since April.

SJMALBA

k_man said:

SJMALBA said:

tlcgrantham said:

tomp2494 said:

New rip off rates on Octopus Loyal fix over 50p per kwh of electric and almost 17p per kwh of gas.

Thank goodness for the 40p electric / 11p caps on the tracker!!!!

Anyone disappointed to miss these bargain tariffs will be relieved to be offered V2 available today around 10% cheaper.

What are they playing at?!

As stated previously, Octopus fixes are based on future hedged energy costs. Those future costs vary frequently, so the Octopus fixes do too.

v1 launched the day before! Does it change so dramatically, in such a short time? Genuine question.

The previous fix was April 2022 v1.

MWT

SJMALBA said:

v1 launched the day before! Does it change so dramatically, in such a short time? Genuine question.

The previous fix was April 2022 v1.

Yes, it certainly can... These are the gas contracts for Winter '22

SJMALBA

Huge rise in Electricity DA today - for me, tomorrow's rate is 42.39p/kWh, so 40p cap has been hit.

SJMALBA

Wholesale electricity DA prices for the first 11 days of July 2021:

And July 2022:

tomp2494

I suppose the closer we are to autumn and winter the more the 40p cap will be hit? 

Not sure the prices will come down much between now and tithe start of autumn either 

Mstty

2 weeks of bright sunshine predicted, but little wind where we are I guess it needs both