Octopus Tracker

milo_2020

It will still be worth going to tracker and agile come october and likely january IMO, although much less than it was a few weeks ago.

Mstty

milo_2020 said:

It will still be worth going to tracker and agile come october and likely january IMO, although much less than it was a few weeks ago.

What are the caps for the new tracker 16p for gas 55p for elec I have forgotten?

flyingscotno1

Mstty said:

milo_2020 said:

It will still be worth going to tracker and agile come october and likely january IMO, although much less than it was a few weeks ago.

What are the caps for the new tracker 16p for gas 55p for elec I have forgotten?

Think that's right for the July v1

Mstty

If I were a betting man I would suggest the 16p gas tracker could be an ok option but electricity at 55p that's a tougher sell.

flyingscotno1

Yeah. I mean some of the wholesale rates at present are getting up there anyway and that's in summer. 

milo_2020

I strongly think the 55p will be the best option come October/November and the gas won't be far off either. 

Mstty

milo_2020 said:

I strongly think the 55p will be the best option come October/November and the gas won't be far off either. 

My fag packet calculations had (for £3500 price cap) 47-48p elec and gas 15-16p per kW. Keeping the SC the same as it is now.

Based on average user 2900kwh elec and 12000kwh gas

What do you have it at? Or are you thinking £3500 is still too low for the price cap for October?

milo_2020

I think in January we will see a larger rise than expected, the October one has gone up twice since the estimations came out from Cornwall. I can't see it coming down - it's not in big corporations favor anyway to reduce the cost, why would they when people will go into debt and pay it?

I wonder who will be footing the bill with all the jumped meters?

flyingscotno1

Based on October predictions and January too, there may be some value in Octopus tracker as time goes on, if not immediately. 

Mstty

flyingscotno1 said:

Based on October predictions and January too, there may be some value in Octopus tracker as time goes on, if not immediately. 

Yeah it's a bit of a mind bender, given that I think the price cap will be somewhere near those capped rate tracker come Jan 2023. But that is some 5 months away in which you will potentially be paying more than cap.

Mind blown, brain cell needs a rest