Octopus Tracker

bristolleedsfan

Daily Octopus tracker rates continue to be updated,, anyone considering tracker tariff I suggest rates now are more relevant than 2020 rates which are unlikely to be repeated anytime soon.

Octopus Energy tracker forecast seems to be based around 13p including Vat for Electricity which as other have said appears to be very optimistic

https://energy.guylipman.com/sm/electracker

https://energy.guylipman.com/sm/gastracker Energy Cap for the much maligned  expensive standard tariffs is around 3.34pkw subject to regional variation, as I pointed out earlier this year tracker gas kwh rate was well above the then energy cap (2.99p subject to regional variation) during coldest period of Winter 2020, name of game from moneysaving point of view is to pay lowest rates as opposed to apparent higher rates .......

https://forums.moneysavingexpert.com/discussion/comment/78298128/#Comment_78298128

Looks like  stated to be much cheaper gas kwh day 3 May that was screenshotted a few pages back was an error and has been amended.

KTF

Bit of a thread bump but what rates are people currently seeing on Octopus Tracker at the moment?

My Welcome to GNE 3 on EDF tariff expires at the end of the month and the Octopus Tracker is only £10 than their Flexible one according to their website and the various comparison sites.

From what I can see, the Tracker seems to be their version of a deemed tariff which makes me a bit twitchy as they are the most costly but then if their estimated costs are accurate it doesn't seem to be that must more than their other offerings at the moment.

[Deleted User]

KTF said:

Bit of a thread bump but what rates are people currently seeing on Octopus Tracker at the moment?

My Welcome to GNE 3 on EDF tariff expires at the end of the month and the Octopus Tracker is only £10 than their Flexible one according to their website and the various comparison sites.

From what I can see, the Tracker seems to be their version of a deemed tariff which makes me a bit twitchy as they are the most costly but then if their estimated costs are accurate it doesn't seem to be that must more than their other offerings at the moment.

You are a braver man than I am:

https://energy.guylipman.com/sm/electracker

https://energy.guylipman.com/sm/gastracker

Octopus Go Faster: peak 16.49p/kWh and 5 hours at 5.5p/kWh would seem to be a better bet. This is a beta tariff by invitation only and it requires a smart meter on 30 minute usage recording. No EV required. Fixed for 12 months: no exit fee.

bristolleedsfan

KTF said:

From what I can see, the Tracker seems to be their version of a deemed tariff which makes me a bit twitchy as they are the most costly but then if their estimated costs are accurate it doesn't seem to be that must more than their other offerings at the moment.

In some regions today E Unit rate: 28.86 p/kW Gas 6.36 p/kWh

Shows on quote page as cheapest tariff which is misleading being as it has been expensive most of this year

KTF

Ok, so I think I can discount the Tracker then

For comparison the EDF 'exclusive' renewal tariff is:

Electric: 19.9p/kW and Gas: 3.972 p/kWh

For the Go Faster tariff, how do you get an invite for that or do you have to sign up with them on a regulsr tariff then switch?

It also says it is an electric only tariff and that you can add a gas tariff but there is no option to do that? Unless I am missing something obvious?

[Deleted User]

KTF said:

Ok, so I think I can discount the Tracker then

For comparison the EDF 'exclusive' renewal tariff is:

Electric: 19.9p/kW and Gas: 3.972 p/kWh

For the Go Faster tariff, how do you get an invite for that or do you have to sign up with them on a regulsr tariff then switch?

It also says it is an electric only tariff and that you can add a gas tariff but there is no option to do that? Unless I am missing something obvious?

It is an electricity only tariff:

https://octopus.energy/go/

The difference between Go and Go Faster is 4 hours at 5p/kWh on Go and 5 hours at 5.5p/kWh on Go Faster. Once Octopus has accepted your switch, then email agile@octopus.energy requesting an invite for Go Faster. 

Switch your gas to Octopus directly or through a PCW. There is no need to use Octopus for your gas: like many Octopus electricity customers, my gas supply is with Zog.

niktheguru

Don’t move to octopus for gas, it’s not competitive. Also stay away from tracker tariff as its amongst the highest you’ll pay at the moment.

I also second going on octopus go faster. It’s one of the cheapest tariffs around at the moment. Surely a price rise is imminent! 

bristolleedsfan

In my region  Zog Gas  1 year fix 3.82pkwh    2year fix  3.77p  both with exit fees ( new prices from couple of weeks ago)

Octopus 2 year fix 4.9p/kWh

Someone posted on Octopus facebook today about Octopus Gas being the most expensive, before someone posts links to Wholesale prices the whole idea of Fixed rates and hedging is to protect consumers from huge wholesale price swings and as someone pointed out before price cap and challenger suppliers, when Wholesale prices reduced Big 6 then said takes 12 month/18 months to feed through to retail prices

Another option for those recently signed up/renewing to/with Octopus who want to keep Electricity with Octopus, £22 cashback  https://www.topcashback.co.uk/topcashback-compare-energy/  SSE  2 year fix gas only no exit fees, my region kWh 4.148p  - To get Gas only results put existing tariff in as So Energy -- Standing charges are all about the same

British Gas Price Promise Sep 2022 4.043p per kWh 24.753p per day, No Exit Fee,  Fixed price energy until 30 September 2022 Energy prices fixed below Oct 01 Price Cap until 30 September 2022

[Deleted User]

bristolleedsfan said:

In my region  Zog Gas  1 year fix 3.82pkwh    2year fix  3.77p  both with exit fees ( new prices from couple of weeks ago)

Octopus 2 year fix 4.9p/kWh

Someone posted on Octopus facebook today about Octopus Gas being the most expensive, before someone posts links to Wholesale prices the whole idea of Fixed rates and hedging is to protect consumers from huge wholesale price swings and as someone pointed out before price cap and challenger suppliers, when Wholesale prices reduced Big 6 then said takes 12 month/18 months to feed through to retail prices

Another option for those recently signed up/renewing to/with Octopus who want to keep Electricity with Octopus, £22 cashback  https://www.topcashback.co.uk/topcashback-compare-energy/  SSE  2 year fix gas only no exit fees, my region kWh 4.148p  - To get Gas only results put existing tariff in as So Energy -- Standing charges are all about the same

British Gas Price Promise Sep 2022 4.043p per kWh 24.753p per day, No Exit Fee,  Fixed price energy until 30 September 2022 Energy prices fixed below Oct 01 Price Cap until 30 September 2022

Hedging - big suppliers most certainly. Smaller suppliers, I doubt that they all have the funds to do so; particularly, if they have accepted a large influx of customers.

bristolleedsfan

Dolor said:

bristolleedsfan said:

In my region  Zog Gas  1 year fix 3.82pkwh    2year fix  3.77p  both with exit fees ( new prices from couple of weeks ago)

Octopus 2 year fix 4.9p/kWh

Someone posted on Octopus facebook today about Octopus Gas being the most expensive, before someone posts links to Wholesale prices the whole idea of Fixed rates and hedging is to protect consumers from huge wholesale price swings and as someone pointed out before price cap and challenger suppliers, when Wholesale prices reduced Big 6 then said takes 12 month/18 months to feed through to retail prices

Another option for those recently signed up/renewing to/with Octopus who want to keep Electricity with Octopus, £22 cashback  https://www.topcashback.co.uk/topcashback-compare-energy/  SSE  2 year fix gas only no exit fees, my region kWh 4.148p  - To get Gas only results put existing tariff in as So Energy -- Standing charges are all about the same

British Gas Price Promise Sep 2022 4.043p per kWh 24.753p per day, No Exit Fee,  Fixed price energy until 30 September 2022 Energy prices fixed below Oct 01 Price Cap until 30 September 2022

Hedging - big suppliers most certainly. Smaller suppliers, I doubt that they all have the funds to do so; particularly, if they have accepted a large influx of customers.

Yes that is true, Zog have in last few weeks increased prices as per post you quoted, Octopus increased its gas fixed rates again yesterday/today, I edited new rate into post today, difference is huge,  EDF Direct/Eon Next Direct same sort of gas kwh rate 2 year fix as Zog

Must be a reason why Octopus are dearer than most others for fixed rate gas, lots who have been signing up often blindly without comparing the market and/or taking notice of gas kwh rate they signing up to going to have a shock if we have a cold winter, some see it just as pence/pennies

New energy cap  variable rate from 1 October by comparison, my region max 4.04pkwh