Octopus Energy takes on Avro customers

xlnc99

Hi Guys,

In a bind now. I am with Oct with the same tarriff as most of you guys.

What is the general consensus now? Do we stick with OCT or do we move? Also, fixed or variable?

Thoughts - my bills are to expensive now for me to even afford.

QrizB

xlnc99 said:

What is the general consensus now? Do we stick with OCT or do we move? Also, fixed or variable?

There is nowhere to switch to that's cheaper than the current cap.

There is nowhere to switch to that's cheaper than the April cap.

(There are one or two loyalty tariffs that are cheaper than the April cap, but to get those you would have had to switch to Scottish Power or E.ON Next 6-12 months ago.)

Thoughts - my bills are to expensive now for me to even afford.

You should be using less heating by April. The crunch will be next winter when prices remain high and consumption goes up.

xlnc99

So advice is just to hold tight for now? Is Oct really the cheapest out there at the moment

QrizB

xlnc99 said:

So advice is just to hold tight for now? Is Oct really the cheapest out there at the moment

Fell free to run the numbers at the comparison sites for yourself.

xlnc99

i had a look and found cheaper variable tariffs but not fixed
what we thinking about variable 

QrizB

xlnc99 said:

i had a look and found cheaper variable tariffs but not fixed
what we thinking about variable 

I refer you back to my previous comment:

QrizB said:

xlnc99 said:

What is the general consensus now? Do we stick with OCT or do we move? Also, fixed or variable?

There is nowhere to switch to that's cheaper than the current cap.

There is nowhere to switch to that's cheaper than the April cap.

"Flexible Octopus" will  be no more expensive than the Ofgem cap, as it applies at that time.

[Deleted User]

Alpha_5 said:

I've just received an email from octopus saying my credit refund has been processed and will be in my account within the next 5 days. 

I'm an ex-customer who'd left before they went bust. 

Money arrived in my bank account 5 working days after the email.

MWT

xlnc99 said:

i had a look and found cheaper variable tariffs but not fixed
what we thinking about variable 

If you think you have found a cheaper variable rate then make sure you are comparing the actual kWh and standing charge costs, not just looking at the estimated monthly DD...

rogerc446

February v1 version of  Octopus 12M Fixed today.

Slightly cheaper than January v2 tbut still not worthwhile for myself in my view, unless the world goes horribly wrong (variable would have to go up by 75% in October for it to be worthwhile immediately, 55% in October for it to be worthwhile if I switch in March, 40% in October for it to be worthwhile if I switch in April)

Electricity

Unit rate:35.24 p/kWh

Standing charge:24.01 p/day

Gas

Unit rate:9.01 p/kWh

Standing charge:26.1 p/day

oldagetraveller1

[Deleted User] said:

Alpha_5 said:

I've just received an email from octopus saying my credit refund has been processed and will be in my account within the next 5 days. 

I'm an ex-customer who'd left before they went bust. 

Money arrived in my bank account 5 working days after the email.

Yes, mine too. I had moved from Avro before they went bust.

Although the refund has taken a while to process, credit (no pun intended) to Octopus for ploughing through the "mess" left behind.