Octopus Tracker

Telegraph_Sam

That's the issue. I could live with delays and time lags if necessary from time to time but when it's a complete news black-out, not once but repeatedly, I think it's time to blow a whistle.

MP1995

Doc_N said:

bristolleedsfan said:

Doc_N said:

bristolleedsfan said:

Current Tracker version  23.03p - Wednesday - North West Region.

It would be interesting to compare different versions of Tracker for the same day, and same region.

Current Tracker version  23.03p - Wednesday - North West Region.

 April 2024 - 21.21p

December 2023 - 20.47p

Original v1  17.36p

Octopus are extremely good at maximising their profits. Or, as some might say, profiteering. Renationalisation of the entire power industry is long overdue 

Can you back this up with some facts? 

I would like to see your evidence of profiteering as you put it,

Doc_N

MP1995 said:

Doc_N said:

bristolleedsfan said:

Doc_N said:

bristolleedsfan said:

Current Tracker version  23.03p - Wednesday - North West Region.

It would be interesting to compare different versions of Tracker for the same day, and same region.

Current Tracker version  23.03p - Wednesday - North West Region.

 April 2024 - 21.21p

December 2023 - 20.47p

Original v1  17.36p

Octopus are extremely good at maximising their profits. Or, as some might say, profiteering. Renationalisation of the entire power industry is long overdue 

Can you back this up with some facts? 

I would like to see your evidence of profiteering as you put it,

Facts are very difficult to establish in this industry, as Ofgem have discovered. May I point you, however, to two things in particular:

1 The two substantial increases in the Tracker tariff for no reason other than to increase profits.

2 The huge gap between what's paid on the wholesale markets and what's charged to customers.

That's not to say that Octopus are the only culprits, but they are particularly good at marketing themselves as somehow the customer's friend. Which they most certainly are not - they're now a very large, very profitable, very hard-nosed business operation. Just like all the rest.

BarelySentientAI

Doc_N said:

MP1995 said:

Doc_N said:

bristolleedsfan said:

Doc_N said:

bristolleedsfan said:

Current Tracker version  23.03p - Wednesday - North West Region.

It would be interesting to compare different versions of Tracker for the same day, and same region.

Current Tracker version  23.03p - Wednesday - North West Region.

 April 2024 - 21.21p

December 2023 - 20.47p

Original v1  17.36p

Octopus are extremely good at maximising their profits. Or, as some might say, profiteering. Renationalisation of the entire power industry is long overdue 

Can you back this up with some facts? 

I would like to see your evidence of profiteering as you put it,

Facts are very difficult to establish in this industry, as Ofgem have discovered. May I point you, however, to two things in particular:

1 The two substantial increases in the Tracker tariff for no reason other than to increase profits.

2 The huge gap between what's paid on the wholesale markets and what's charged to customers.

That's not to say that Octopus are the only culprits, but they are particularly good at marketing themselves as somehow the customer's friend. Which they most certainly are not - they're now a very large, very profitable, very hard-nosed business operation. Just like all the rest.

So no, no evidence then.  Just a deliberate misunderstanding of the industry to push a point.

Fair enough.

Doc_N

BarelySentientAI said:

Doc_N said:

MP1995 said:

Doc_N said:

bristolleedsfan said:

Doc_N said:

bristolleedsfan said:

Current Tracker version  23.03p - Wednesday - North West Region.

It would be interesting to compare different versions of Tracker for the same day, and same region.

Current Tracker version  23.03p - Wednesday - North West Region.

 April 2024 - 21.21p

December 2023 - 20.47p

Original v1  17.36p

Octopus are extremely good at maximising their profits. Or, as some might say, profiteering. Renationalisation of the entire power industry is long overdue 

Can you back this up with some facts? 

I would like to see your evidence of profiteering as you put it,

Facts are very difficult to establish in this industry, as Ofgem have discovered. May I point you, however, to two things in particular:

1 The two substantial increases in the Tracker tariff for no reason other than to increase profits.

2 The huge gap between what's paid on the wholesale markets and what's charged to customers.

That's not to say that Octopus are the only culprits, but they are particularly good at marketing themselves as somehow the customer's friend. Which they most certainly are not - they're now a very large, very profitable, very hard-nosed business operation. Just like all the rest.

So no, no evidence then.  Just a deliberate misunderstanding of the industry to push a point.

Fair enough.

It seems that you have failed to spot the distinction between the words 'evidence' and 'conclusive proof'. I think we will just have to disagree on Octopus and the industry generally.

matt_drummer

Doc_N said:

BarelySentientAI said:

Doc_N said:

MP1995 said:

Doc_N said:

bristolleedsfan said:

Doc_N said:

bristolleedsfan said:

Current Tracker version  23.03p - Wednesday - North West Region.

It would be interesting to compare different versions of Tracker for the same day, and same region.

Current Tracker version  23.03p - Wednesday - North West Region.

 April 2024 - 21.21p

December 2023 - 20.47p

Original v1  17.36p

Octopus are extremely good at maximising their profits. Or, as some might say, profiteering. Renationalisation of the entire power industry is long overdue 

Can you back this up with some facts? 

I would like to see your evidence of profiteering as you put it,

Facts are very difficult to establish in this industry, as Ofgem have discovered. May I point you, however, to two things in particular:

1 The two substantial increases in the Tracker tariff for no reason other than to increase profits.

2 The huge gap between what's paid on the wholesale markets and what's charged to customers.

That's not to say that Octopus are the only culprits, but they are particularly good at marketing themselves as somehow the customer's friend. Which they most certainly are not - they're now a very large, very profitable, very hard-nosed business operation. Just like all the rest.

So no, no evidence then.  Just a deliberate misunderstanding of the industry to push a point.

Fair enough.

It seems that you have failed to spot the distinction between the words 'evidence' and 'conclusive proof'. I think we will just have to disagree on Octopus and the industry generally.

You get cheaper electricity than the standard rate but you are not happy because it is not as much cheaper as it used to be?

This constitutes profiteering even though you get electricity for less than the standard tariff?

Maybe they make more or lose less than they did before, but nevertheless, lots and lots of customers have benefitted in a big way.

I think your assessment is a bit harsh.

They are a business and the definition of a business is carrying on activities with a view to making a profit.

Octopus have done lots of good for lots of people, just because the tracker tariff isn't as relatively cheap as it once was does not make the company bad.

The retail energy market operates on small margins and has to deal with many difficult issues, Again, I think you are being pretty harsh and unfair. You may not like energy prices but Octopus and others are not the culprits, it's a global market and that is what sets the prices we all have to pay.

matt_drummer

Telegraph_Sam said:

bristolleedsfan said:

Bendo said:

I don't see the benefit of tracker to to them at all. Agile at least helps them encourage  / discourage usage at appropriate times. Tracker basically doesn't.

That is probably reflected in the fact that with all the recent formula changes, Agile pretty much beats Tracker easilly.

Tracker has been beneficial to Octopus attracting new customers.

I have been "comparing" Tracker and Agile in my situation, at odd moments over the past weeks.  Usually there has been a slight advantage for Agile but in my view not enough to seriously consider a switch (to Agile).   More and more however the Compare app has been failing due to lack of data - it used to be just in the early hours.  Has anyone else been having the same problem?

@Telegraph_Sam I am interested as you post so much on your deliberations over moving from the tracker tariff.

Do you use a lot of electricity?

How much is your slight advantage worth to you?

BarelySentientAI

Doc_N said:

BarelySentientAI said:

Doc_N said:

MP1995 said:

Doc_N said:

bristolleedsfan said:

Doc_N said:

bristolleedsfan said:

Current Tracker version  23.03p - Wednesday - North West Region.

It would be interesting to compare different versions of Tracker for the same day, and same region.

Current Tracker version  23.03p - Wednesday - North West Region.

 April 2024 - 21.21p

December 2023 - 20.47p

Original v1  17.36p

Octopus are extremely good at maximising their profits. Or, as some might say, profiteering. Renationalisation of the entire power industry is long overdue 

Can you back this up with some facts? 

I would like to see your evidence of profiteering as you put it,

Facts are very difficult to establish in this industry, as Ofgem have discovered. May I point you, however, to two things in particular:

1 The two substantial increases in the Tracker tariff for no reason other than to increase profits.

2 The huge gap between what's paid on the wholesale markets and what's charged to customers.

That's not to say that Octopus are the only culprits, but they are particularly good at marketing themselves as somehow the customer's friend. Which they most certainly are not - they're now a very large, very profitable, very hard-nosed business operation. Just like all the rest.

So no, no evidence then.  Just a deliberate misunderstanding of the industry to push a point.

Fair enough.

It seems that you have failed to spot the distinction between the words 'evidence' and 'conclusive proof'. I think we will just have to disagree on Octopus and the industry generally.

It seems that you have failed to spot the distinction between 'making profit' and 'profiteering'.

I don't think there is any doubt that we disagree.

Telegraph_Sam

@Matt_Drummer. That's the point. My usage is low and there is limited potential for further load shiftiing. That means that there would have to be quite a potential advantage from Agile to warrant the greater volatility.  But the point might come.  Which is why it makes sense to monitor the relative values - if and when Compare permits.

matt_drummer

Telegraph_Sam said:

@Matt_Drummer. That's the point. My usage is low and there is limited potential for further load shiftiing. That means that there would have to be quite a potential advantage from Agile to warrant the greater volatility.  But the point might come.  Which is why it makes sense to monitor the relative values - if and when Compare permits.

How much could you save?

From your posts I had assumed that it would be quite a lot as the deliberations seem quite intense?

But I am sure I read you were quite a low user somewhere, I was just curios, seemingly very little potential savings but quite a keen interest.

I'm sorry, I just needed to ask, I find human behaviour really interesting!