Avro to Octopus - Fixed Tariff or Variable?

3Smees23

Hi all,  

I have now received my octopus email where I viewed the quote they were offering.  On the basis of the below my energy will be £1135 more based on last years usage.

Octopusfixed 
Elec Daily S/C - 24.03p
Unit rate - 25.15p/kWh

Gas Daily S/C - 26.1p
Unit rate - 5.89p/kWh

Questions
1) If I wanted the variable rate how do you go about getting it as the link on the email only provides 2 different fixed options?  
2) If I stuck with the above fixed, if the energy price cap were to be removed in April 22, are my bills likely to increase further?
3) What's everyone else going for, fixed or variable?

Thanks,

Sam

worrywart_3

Your being put on a rate that’s £10 below the cap that’s better than any other offer currently. All the infomation is on their site for you to see so no point looking at their other tariffs 

[Deleted User]

The tariffs in your post are Octopus’ fixed tariffs. Octupus is offering a flexible tariff which it states is £10 per year less than the Ofgem Cap. The Ofgem Cap is revised every 6 months so it is possible when the increase in the gas wholesale price and the cost of supplier failures is taken into account, the Cap will increase in April 2022.

https://octopus.energy/avro/

3Smees23

[Deleted User] said:

The tariffs in your post are Octopus’ fixed tariffs. Octupus is offering a flexible tariff which it states is £10 per year less than the Ofgem Cap. The Ofgem Cap is revised every 6 months so it is possible when the increase in the gas wholesale price and the cost of supplier failures is taken into account, the Cap will increase in April 2022.

How do you get put on the flexible tariff? Would it just be a case of ignoring the email with their fixed quote on?

[Deleted User]

3Smees23 said:

[Deleted User] said:

The tariffs in your post are Octopus’ fixed tariffs. Octupus is offering a flexible tariff which it states is £10 per year less than the Ofgem Cap. The Ofgem Cap is revised every 6 months so it is possible when the increase in the gas wholesale price and the cost of supplier failures is taken into account, the Cap will increase in April 2022.

How do you get put on the flexible tariff? Would it just be a case of ignoring the email with their fixed quote on?

When a SoLR takes over, it agrees a default (deemed) tariff with Ofgem. Consumers can then do nothing and stay on the default tariff; agree to one of Octopus’ other tariffs or switch away. The default tariff is one of the cheapest on the market but it isn’t fixed so it may increase in April 2022 if Ofgem increases the Cap (which experts say is extremely likely).

MWT

3Smees23 said:

[Deleted User] said:

The tariffs in your post are Octopus’ fixed tariffs. Octupus is offering a flexible tariff which it states is £10 per year less than the Ofgem Cap. The Ofgem Cap is revised every 6 months so it is possible when the increase in the gas wholesale price and the cost of supplier failures is taken into account, the Cap will increase in April 2022.

How do you get put on the flexible tariff? Would it just be a case of ignoring the email with their fixed quote on?

If you have an email with fixed price tariffs in it, you probably triggered that by using their 'Quote me' link on the tariffs page, that has nothing to do with the SoLR transfer from Avro...

[Deleted User]

That's really nice of Octopus to save me approx. 83 pence per month. I can allocate that 83p to the NI hikes for next year, instead!