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Octopus Tracker

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Comments

  • theonenonly
    theonenonly Posts: 209 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker

    Well, crap

  • The_Groat_Counter
    The_Groat_Counter Posts: 598 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    https://forums.moneysavingexpert.com/discussion/comment/81906954#Comment_81906954

    LNG is suddenly rather short on supply…

  • jadex
    jadex Posts: 812 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper

    Gas from 5.08p yesterday to 6.23p today…

    Time to ditch the tracker?

  • Spoonie_Turtle
    Spoonie_Turtle Posts: 11,032 Forumite
    10,000 Posts Sixth Anniversary Name Dropper

    Time to ditch the tracker?

    Depends which way you think this line is most likely to go, probably

    A screenshot from the Trading Economics website showing a graph of EU natural gas prices in Eur/MWh over the last week. The end of February has been around 30-32, shoots up to and fluctuates around 40 on 1st March (coinciding with the attacks on Iran) and then up again on the 2nd March to 48, and fluctuates a bit, down to 43.160 at the latest price.

    Ugh, I realise it should have been the UK prices but both graphs are pretty much the same and I don't have it in me to redo the alt text for a different screenshot.

  • Doc_N
    Doc_N Posts: 8,673 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    https://forums.moneysavingexpert.com/discussion/comment/81907023#Comment_81907023

    Tracker outlived its worth some time ago, because the small potential savings were substantially outweighed by the large risks. Those large risks have now materialised, and unless you're particularly optimistic about the Middle East and Ukraine Tracker is no place for the faint-hearted.

  • debitcardmayhem
    debitcardmayhem Posts: 13,652 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 3 March at 9:04AM

    Gas Up again , already

    IMG_0529.png
    4.8kWp 12x400W Longhi 9.6 kWh battery Giv-hy 5.0 Inverter, WSW facing Essex . Aint no sunshine ☀️ Octopus gas fixed dec 24 @ 5.74 tracker again+ Octopus Intelligent Flux leccy

    CEC Email energyclub@moneysavingexpert.com
  • oldandwizend
    oldandwizend Posts: 67 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    https://forums.moneysavingexpert.com/discussion/comment/81907081#Comment_81907081

    Interesting point but surely if political problems in said areas cause a large spike in wholesale prices then those companies, particularly the small ones, offering what are currently cheap fixed price tariffs could take a huge financial hit and, again for the smaller ones, go out of business. Yes, if that happens there safety measures in place which may mean having to change supplier but would that supplier honour the fixed, and now, uneconomic tariff? I very much doubt it!

    It is said that there is a limit to everything. This cannot be true as everything has no limit!
  • Doc_N
    Doc_N Posts: 8,673 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    https://forums.moneysavingexpert.com/discussion/comment/81907142#Comment_81907142

    The answer to that depends essentially on two things: the financial strength of the company in question and the extent to which it’s covered its fixed price contracts with forward purchases/futures.

  • JerryW
    JerryW Posts: 371 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    https://forums.moneysavingexpert.com/discussion/comment/81907173#Comment_81907173

    Even Octopus is in breach of its capital requirement by some distance..

    If what I said helped you, please "Thank" the relevant post. It cheers me up somewhat..
  • Slinky
    Slinky Posts: 11,674 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    I've jumped ship for our gas. We only had about another 10 weeks on it anyway, and have fixed at 5.27p from 1st April (5.6p now). That's cheaper than the 5.78p fix I had last year before I ditched for Tracker.

    Make £2026 in 2026
    Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
    Total £217.32 10.7%

    Make £2025 in 2025  Total £2241.23/£2025 110.7%
    Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10

    Make £2024 in 2024 Total £1410/£2024 70%
    Make £2023 in 2023 Total: £2606.33/£2023 128.8%






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