Octopus Tracker

BUFF

As a country we also have very limited gas storage (until/if Rough comes back).
National Grid is a business & is taking advantage of an opportunity.

k_man

Xbigman said:

QrizB said:

Over the last 12 months the caps have bee reached frequently, with Tracker and Agile trading at the cap from late autumn, through last winter and into spring.

What Octopus seem to have done is reset the caps to a level they should rarely reach. Only time will tell whether this is truly the case or whether prices will sit at the cap for weeks on end.

I thought the same but looking at last Saturday we had a few low half hours around 30p. Today we have a few low half hours around 48p. That's an increase of over 50%. Have wholesale prices gone up that much in a week? Last Sunday we had some half hours around 27p. That's translates to tomorrow being around 45p at its lowest.That is crazy.

I did notice we seem to be supplying energy to France every day, although some of that is coming from Norway and then passed on by us. Today I saw this.  https://www.dailymail.co.uk/news/article-11041495/National-Grid-asks-emergency-permission-pump-gas-Europe-storage-facilities.html
Are we really giving away electricity when prices are this high?


Darren

For completeness, low of 32p today.

bristolleedsfan

"Octopus Tracker" current kWh rates

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

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

Xbigman

k_man said:

Xbigman said:

QrizB said:

Over the last 12 months the caps have bee reached frequently, with Tracker and Agile trading at the cap from late autumn, through last winter and into spring.

What Octopus seem to have done is reset the caps to a level they should rarely reach. Only time will tell whether this is truly the case or whether prices will sit at the cap for weeks on end.

I thought the same but looking at last Saturday we had a few low half hours around 30p. Today we have a few low half hours around 48p. That's an increase of over 50%. Have wholesale prices gone up that much in a week? Last Sunday we had some half hours around 27p. That's translates to tomorrow being around 45p at its lowest.That is crazy.

I did notice we seem to be supplying energy to France every day, although some of that is coming from Norway and then passed on by us. Today I saw this.  https://www.dailymail.co.uk/news/article-11041495/National-Grid-asks-emergency-permission-pump-gas-Europe-storage-facilities.html
Are we really giving away electricity when prices are this high?


Darren

For completeness, low of 32p today.

Yes, not quite as bad as I feared. We managed a low hour between 3pm and 4pm plus a couple of very slightly sub 35p half hours in the morning. Average must have been in the 40's somewhere. Not much opportunity for load shifting on the 35p cap and that's the best day of the week. Poopity poop poop.


Darren

tomp2494

I guess the days of electric being close to or below the current cap are well and truly over!

Chrysalis

Has v4 been launched? The Octopus FAQ page says gas tracker cap is now 16p.

Also 55p for electric tracker.

SJMALBA

Chrysalis said:

Has v4 been launched? The Octopus FAQ page says gas tracker cap is now 16p.

Also 55p for electric tracker.

Yes, though the official name is 'Octopus Tracker July 2022 v1'

kingkano

Oh my gosh. Didn't keep up with this thread but want to say thanks again to Mstty for starting it. I took the gamble about a month ago, it was a difficult switch, but I got on Agile leccy and tracker gas before it changed. Fingers crossed it looks like it will work out.  Was recently concerned coz it was always at the caps!! But well worth it for the next 12mths. 

I personally suspect prices are not dropping anytime soon and this could be a new normal for at least a couple of years. Europe is not going to suddenly find new gas or buy from Russia again.  I suspect prices will be staying high for some time.  Sadly :-(

sabretoothtigger

Customer service said not to go Agile, my relative decided to ignore what Ive told them will be cheaper in this next year and followed what Octopus told them to do.     They lost out now and they got a newborn to take care of

Mstty

sabretoothtigger said:

Customer service said not to go Agile, my relative decided to ignore what Ive told them will be cheaper in this next year and followed what Octopus told them to do.     They lost out now and they got a newborn to take care of

Yes that is what a number of people faced here. You had to be forceful and say I want it.