Octopus Tracker

Telegraph_Sam

@BootsMullery I ought to be able to answer that when I unpack my spreadsheet

debitcardmayhem

@Chrysalis eastern  
5.74 12\23
5.81 4/24 
6.22 7/24
6.20 10/24
6.03 12/24

Chrysalis

debitcardmayhem said:

@Chrysalis eastern  
5.74 12\23
5.81 4/24 
6.22 7/24
6.20 10/24
6.03 12/24

Its the formula I am interested in, how they are converting to the retail price.  You can see from those figures at first glance, 12/24 seems to have moved back in the right direction.

debitcardmayhem

Chrysalis said:

debitcardmayhem said:

@Chrysalis eastern  
5.74 12\23
5.81 4/24 
6.22 7/24
6.20 10/24
6.03 12/24

Its the formula I am interested in, how they are converting to the retail price.  You can see from those figures at first glance, 12/24 seems to have moved back in the right direction.

formulae are here https://octopus.energy/tracker-faqs/

tghe-retford

Telegraph_Sam said:

One could say that now is the worst possible time to switch since this "locks in" the price rise and excludes the consumer from any correction downwards later. Assuming that current price levels as they are won't become the new norm for the foreseeable future - correction - for the next 12 months.

All the indications suggest that the trend is upwards when it comes to wholesale prices for the foreseeable. Maybe coming down a little from spring to summer but then accelerating again from that point (a pattern I noticed in the last couple of years I was on Tracker). This winter does seem to be colder than average and it's being reflected in the wholesale price. I can also foresee an extended cold snap in April into May just as the next price cap kicks in.

I have switched to EDF's 12 month fixed offering without cashback. That way, I have no exit fees and should things turn out better, I can always bail without penalty. It did work out cheaper for me compared to what Octopus was offering with their fixed deal and it is also MSE's suggested cheapest fix as things stand.

Doc_N

There’s an additional factor in all this for those receiving payments for the export from solar panels. Octopus are paying 15p per unit exported, which is still, I believe, way above what others are paying. Tempted to switch the electricity away from Octopus, but this needs to be factored in to any potential saving.

The_Green_Hornet

Doc_N said:

There’s an additional factor in all this for those receiving payments for the export from solar panels. Octopus are paying 15p per unit exported, which is still, I believe, way above what others are paying. Tempted to switch the electricity away from Octopus, but this needs to be factored in to any potential saving.

Eon Next pay 16.5p per kWh under their Next Export Exclusive tariff if you have electricity supplied by them.

Smart Export Guarantee (SEG) scheme

Doc_N

The_Green_Hornet said:

Doc_N said:

There’s an additional factor in all this for those receiving payments for the export from solar panels. Octopus are paying 15p per unit exported, which is still, I believe, way above what others are paying. Tempted to switch the electricity away from Octopus, but this needs to be factored in to any potential saving.

Eon Next pay 16.5p per kWh under their Next Export Exclusive tariff if you have electricity supplied by them.

Smart Export Guarantee (SEG) scheme

Thanks. I’ll check that out. I moved my export away from Eon because of the miserable rate they were offering! Not sure whether that rate applies to a system installed in 2010 (with the new high FIT payments) but I’ll check it out.

Telegraph_Sam

Is it true that you can only get your export credits from the co that supplies your electricity?  The arrangement I have splits generation and export. Not simple. Relic from the days of FIT

QrizB

BargainBear said:

QrizB said:

BargainBear said:

It's not FUD if it's true.

But it's not true, is it?

Your exact words were:

"I would strongly recommend reading the small print of any "EV" tariff prior to signing on the dotted line; I imagine they sneak in their right to access the energy within the batteries there.  I haven't checked the small print of their current EV tariffs, but it wouldn't suprise me if it's already in there."

It is impossible to "access the energy within the batteries" via a normal home EV charging point. Your statement is entirely without merit.

It's not impossible though, is it;

Yes. It's literally impossible to extract DC from an EV battery and feed it into the grid using a conventional home charger or wallbox. The necessary hardware isn't fitted.

BargainBear said:

... we've already established that earlier on in this thread.

There's one (discontinued) model of UK home wallbox which included the V2G hardware. I think it cost about £5k. THe numbers sold were small and you'll know if you've got one.

BargainBear said:

Octopus wouldn't offer an add on tariff specifically for that if they couldn't.

That particular Octopus add-on is only available to customers who have the specific, discontinued, V2G wallbox.

BargainBear said:

I've also just laid out the sections of their various tariff T&C's proving that they've written in to them that they can access and use the energy within PV system batteries.

For people with compatible PV systems, of which there are relatively few.

BargainBear said:

...as well as electric vehicle batteries

Those same owners of discontinued V2G-capable wallboxes.

BargainBear said:

... it's just not worth it in the long run.

That's for the owners of the batteries to judge.

Everyone else in this thread will be pleased to learn that I'm done arguing this point.