Octopus Tracker

MWT

https://forums.moneysavingexpert.com/discussion/comment/81948892#Comment_81948892

I think you're missing the point here. It's not about whether the wholesale price is high or low, it's about risk.

Under fixed tariffs, it is the energy company that carries the risk of increasing wholesale prices. With Tracker, it is the customer who bears that risk.

In order for Tracker to be worth that risk, the savings that can be made on cheap days need to be substantial and on average days need to be significant, otherwise you might as well just lock in a fix (not right now admittedly).

Not missing the point at all, Tracker is doing exactly what it is designed to do, it is just not the safest tariff to be on when it comes to a period of war…

If you want to de-risk your energy costs then you wouldn't be there in the first place and if your requirement is that it has to offer significant savings even on the average days then you are being more than a little hopeful I'd say.

Fixed tariffs price in the risk by including the hedging costs, tracker tariffs are a gamble that the market will turn out to have lower short term costs than anticipated and will deliver a saving over time.

I've used Tracker for gas in the past when market conditions were less volatile, but I'd have moved straight to a fix in February if I hadn't already been on one as it was clear that things were starting to heat up. (have heat-pump now so no further need for gas at all).

JerryW

9.42p kWh, tomorrow, SE 😄

LessThanSte

Lowest day rate in over a year I think. Deciding to charge the car today was a mistake, ha

TroubledTarts

So are the only people left on tracker those with non smart meters or smart meters that cannot communicate?

QrizB

I'm still on Tracker for gas. No immediate plans to change.

TroubledTarts

Silly me meant to say Electricity tracker

Qyburn

https://forums.moneysavingexpert.com/discussion/comment/81950612#Comment_81950612

Strictly, a communicating smart meter is a condition for Tracker.

TroubledTarts

https://forums.moneysavingexpert.com/discussion/comment/81950822#Comment_81950822

Interesting but not policed then?

I thought it was always the smart meter dodgers go to tariff for electricty.

Qyburn

https://forums.moneysavingexpert.com/discussion/comment/81950907#Comment_81950907

I don't know. The requirement was added shortly before I joined early 2023. I stayed on Tracker for quite a long time while the meter was broken. It was a pain having to put in manual readings every time there was a significant price change, for example Jan 2025 was split over 19 bills.

akh43

Currently on the gas tracker April 25 V2 which ends on 9 June 26 and noticed nowadays it seems to be more expensive than flexible. Are people still sticking with it for now in the hope once things calm down 🤞the rates will drop again. Not that much cheaper as not using much now due to the better weather and luckily it has dropped a bit tomorrow.