Should I continue switching to Sainsbury's or see what tariff I get with Octopus

MWT

Liamh32 said:

How does everyone know what tariff they're getting with octopus? It hasn't been announced yet?

Right from the start, Octopus said this:

So it isn't hard to get the tariff details from here: https://octopus.energy/tariffs/

Don't use the 'Quote' option just scroll down and enter your Post Code.

This is the Eastern area for example:

zeberdy

Like a few people on here just switched to Sainsburys V18 tariff which I think has now gone up further in last few days so guess V18 no longer exists for new applicants. It was however cheaper than current supplier Scottish power standard online tariff that I was on. Good things I noticed is can leave exit free if prices ever go down (unlikely) £60 Nectar Bonus for joining and some stability for two years.

When working out energy prices I always base it on the actual unit cost per KWh of gas and electric and the cost of the standing charge as obviously the company with the lowest is going to be the cheapest whatever your usage is. 

What I would like to know as cant seem to find it anywhere is what is the so called capped unit cost per KWh of gas and electric? as Martin talks about the cap being cheaper in some cases.

MWT

zeberdy said:

What I would like to know as cant seem to find it anywhere is what is the so called capped unit cost per KWh of gas and electric? as Martin talks about the cap being cheaper in some cases.

That isn’t how the cap works.

The cap is set as a maximum daily standing charge by region and payment method, and a maximum cost for a defined typical user.

The supplier is free to charge a lower standing charge for example and a higher unit charge if they wish as long as the total stays within the capped total.

The tariff I’ve shown above comes in just below the cap, most suppliers set theirs at the cap, so Octopus is currently one of the cheapest variable tariffs around for typical or higher usage.

Your actual cost can of course vary if your usage is above/below the typical usage used in the cap calculations..

Crdw

This is my example, I was with Bulb and their 1st October rates were:

Elec 21.59 p/kWh and 25.65 standing.
Gas 4.196 p/kWh and 26.11 standing.

My Sainsbury's 2 year fix V18 is:

Elec 20.74 p/kWh and 25.66 standing
Gas 3.99 p/kWh and 26.12 standing

£60 nectar points and 2 years of surety made me click that switch as fast as I could!

Those on a cheaper plan already would have found that a harder decision to make (like my mum on Igloo) so I'm glad I was in that position last week.

If I were you, I'd stay with Sainsbury's, definitely.

Crdw

Crdw said:

This is my example, I was with Bulb and their 1st October rates were:

Elec 21.59 p/kWh and 25.65 standing.
Gas 4.196 p/kWh and 26.11 standing.

My Sainsbury's 2 year fix V18 is:

Elec 20.74 p/kWh and 25.66 standing
Gas 3.99 p/kWh and 26.12 standing

£60 nectar points and 2 years of surety made me click that switch as fast as I could!

Those on a cheaper plan already would have found that a harder decision to make (like my mum on Igloo) so I'm glad I was in that position last week.

If I were you, I'd stay with Sainsbury's, definitely.

This is for the south west, and the bulb was their variable rate.

MWT

The Octopus variable tariff just got updated to bring it closer to the '£10 below the cap' figure Octopus stated in their original information to Avro customers:

For Eastern region: