Octopus Tracker

Shedman

jcb208 said:

With only a few weeks until the end of my tracker Dec23 to go, I am thinking now is the time to move to a fix,I cant see me moving to a newer tracker as these are even more expensive.Only advantage to holding out to the end of term is I could go back to a tracker when I want. Whats peoples thoughts ?

Don't forget that Ofgem are expected to notify the Jan25 cap rates on or around the 25 Nov and they are likely to increase so there's a possibility that the currently available Fixed rates will also change (likely higher as well).

 I've been doing comparisons on Octopus Compare using our historic usage/ time of use data for Tracker Dec23 version since 1 Jan to date and uplifting by around 10% to reflect the Oct 24 Tracker formula versus the Fixes that are available (EON, EDF, BG for dual fuel and combinations of Tomato, Eon, Fuse for Electric and BG for Gas) and decided that EON's 18 month fix was the best for our circumstances, especially to cover Gas through next winter as well.  I figured that the potential extra cost of the fix over tracker should energy prices drop significantly was an 'insurance premium' that was more tolerable than the downsides if we stayed on Tracker and energy prices continue to run at current or higher rates.  So we jumped ship to EON yesterday before these fixes get pulled..

It's all a guessing game but Oct24 and even more likely Jan25 Tracker versions seem to me to no longer be the no brainer that Dec23 and earlier versions were (in part thanks to Martin Lewis and HotUKDeals telling the masses about Tracker....).  On the other hand I could be proved to be completely wrong if world events change rapidly (eg Trump stopping the Ukraine war in 24 hours and Israel and Hammas et al reaching a ceasefire agreement)

masonic

Tomorrow's elec price will be the cheapest since 8th September. Prices next week shaping up to be much more reasonable too.

bristolleedsfan

For a bit of context tomorrows electricity price is less than 1p kWh lower than today.rate, once upon a time Sunday electricity rate was typically cheapest day for apparent reasons.
 
"cheapest since 8th September" not correct there has been a significantly cheaper day within last 30 days.

SJMALBA

FWIW, for me, on April 2024v1, tomorrow @ 22.33p/kWh is only the least expensive day since 24th October (22.20p/kWh). Lowest in October, on the 20th, was 16.38p/kWh.

Still, a bit down is better than up! 

Doc_N

masonic said:

Tomorrow's elec price will be the cheapest since 8th September. Prices next week shaping up to be much more reasonable too.

I’m not sure that’s correct. In this area there have been countless days well below tomorrow’s rate since 8 September.

masonic

Doc_N said:

masonic said:

Tomorrow's elec price will be the cheapest since 8th September. Prices next week shaping up to be much more reasonable too.

I’m not sure that’s correct. In this area there have been countless days well below tomorrow’s rate since 8 September.

Sorry folks, yes brainf*rt on my part. Sorted wholesale prices for this year and for some reason thought the next cheapest price meant there was nothing cheaper in between! We obviously had a wholesale price of £36.78/MWh on 20th October vs tomorrow's £84.05/MWh and several other lesser dips before that.

ppc1

bagand96 said:

crumpet_man said:

Is anyone here on the latest tracker?  From memory, most folks are on much earlier versions but I could be completely wrong.

Yep. Just bailed electricity to Tomato. Bit of a gamble yes, but I'm a low user and saving 13p a day on standing charge alone is enough of a saving, load shifting to 5p/14p time slots just a bonus.

I'll ride Gas out for the time being. 

I moved to Tomato on 19th August, I live in North Wales, saving 15p a day on standing charges. I am on the standard lifestyle contract with a SMETS2 meter transmitting correctly to the DCC, I have no solar, no EV and no battery. I time shift the washing machine and dishwasher to off peak, sometimes cooking.   For the month of October24 I averaged 17.9p a KWH of electric which I think is brilliant. (I have low usage of 1300kwh max per year) I have made good savings in October 24 against Octopus Tracker what I was on.  That said, Tomato service is crap, I personally do not think they will survive the winter as so many customers are having CS issues, in particular they are still charging incorrectly.  The unit rates charged are 30 minutes out at cheap rates.  Tomato urgently needs to sort their s**it out if they want to survive the winter. I am not sure they will. 

Telegraph_Sam

Re Tomato to me a saving of 13 - 14 p/day, alone, would not justify putting up with what others report re cs and systems. There would have to be mega savings in addition. So what Tomato subscribers continue to feed to this and the Tomato forum should be particularly interesting. Please keep the feedback flowing.

bristolleedsfan

masonic said:

. Prices next week shaping up to be much more reasonable too.

Not a good start to week  LOL, electricity 3p+ kWh higher than today -

masonic

bristolleedsfan said:

masonic said:

. Prices next week shaping up to be much more reasonable too.

Not a good start to week  LOL, electricity 3p+ kWh higher than today -

That's as expected, the wind doesn't pick up until Tuesday onwards: