Octopus Tracker

Doc_N

https://forums.moneysavingexpert.com/discussion/comment/81911889#Comment_81911889

I think you’ve hit the nail on the head there. Octopus started off cheap, pulled in huge numbers of customers on the strength of that and then grew to become bigger than British Gas. The original investors now want their money back, plus profits, and the aggressive pricing policy now adopted achieves that. It’s very much living on past reputation, and the sweeteners like coffee and films cost Octopus very little by comparison with the cost of actually reducing the unit charges.

Telegraph_Sam

I'm following this debate with keen if rather uninformed interest. It will be interesting to get a consensus (?) view in a month's time, from those that monitor these developments closely, what the least worst alternative to Tracker is, now that it seems to have fallen from favour.

In addition, is the Cheap Energy Club machine as good a way as any to do this? I assume that it takes all factors such as s.c.'s into account. Including consumers' supplier rating if I remember correctly.

Telegraph_Sam

In response to an earlier query, I have contributed in the past to the 14 Month Fix forum for comparison purposes

bob2302

https://forums.moneysavingexpert.com/discussion/comment/81911818#Comment_81911818

Have you received a notification that it's gone through? Beyond the assurance that it will do, that they gave you when you followed up the email request with a phone call.

I sent an email around the same time and haven't had a response.

Doc_N

https://forums.moneysavingexpert.com/discussion/comment/81911952#Comment_81911952

The Cheap Energy Club price checker is excellent, because you feed your own personal usage and energy region into it. It, in turn, feeds back actual cost based on that. It’s provided by the MONY Group (Moneysupermarket as was) so presumably though it will miss out special deals negotiated by other comparison sites. Might be worth checking those too.

JerryW

https://forums.moneysavingexpert.com/discussion/comment/81911922#Comment_81911922

Another way of putting it is that Octopus' pricing got them business and growth at the expense of profitability and balance sheet strength. They are well in breach of regulatory capital ratios and must be under a lot of pressure to put things right.

JerryW

It's fine but limited because it can't cope with trackers.

So far as leaving Tracker is concerned, no because I signed on for the long term and am well in credit. I like tailoring our usage to price and don't want to tariff-hop. and if I did, now is not a good time to do that! I recommend you do that a month ago ..

Bendo

https://forums.moneysavingexpert.com/discussion/comment/81911969#Comment_81911969

I was in the last 40 days so did the switch online about a week before Trump went off on one. It was due to start when tracker ended but I phoned them on Tuesday and got them to bring the start forward, which they did without issue.

They didn't get round to replying to my email so I phoned them the next day, primarily as I'd wanted to also get off Agile and had put that request in as well but the tariff I'd request had been pulled the next day, they put me on it anyway with the email having been sent before it was pulled.

Boohoo

https://forums.moneysavingexpert.com/discussion/comment/81911818#Comment_81911818

Did you mean to put Iraq or was that a mistake and you meant Iran.

I have seen the news for a few hours so Trump may have bombed another country.

debitcardmayhem

I bit the bullet to get rid of my tracker for gas, it was due to end tomorrow anyway, and I guess I got lucky

Gas
Unit price	5.07p per kWh
Standing charge	Gas 33.38p

from 1st April, no exit fee , Eastern , I believe it is 5.38p till 31/3