Octopus tariffs

caveat_emptor

I'm an ex-Avro customer and have been trying to find Octopus tariffs but have failed so far. Lots of links to tariffs but they don't tell me what they are.
An Octopus suppot agent assured me that I would get a UK beating tariff but could not tell me its name or what the rates were. Also assured me that it would be £10 less than the Energy Cap which sounded ominous to me. So where can I find there traiffs?

MWT

Right here: https://octopus.energy/tariffs/

Scroll down and enter your postcode, don't hit the 'Quote' button.

Odds are it will be this one (Eastern Region in this image) :

This is currently £14 below the cap for single rate DD, and around £6 below the cap for multi-rate DD, so I guess that averages out at near enough £10.

Ultrasonic

caveat_emptor said:

Also assured me that it would be £10 less than the Energy Cap which sounded ominous to me. 

Whilst you may think this sounds ominous, you can't realistically expect better right now since the cap is so low that energy companies are making a loss by selling at this price. 

caveat_emptor

Ultrasonic said:

caveat_emptor said:

Also assured me that it would be £10 less than the Energy Cap which sounded ominous to me. 

Whilst you may think this sounds ominous, you can't realistically expect better right now since the cap is so low that energy companies are making a loss by selling at this price. 

In that case they'll all go bust. But the government won't allow that and will raise the Cap to guarantee they make a profit.

caveat_emptor

MWT said:

Right here: https://octopus.energy/tariffs/

Scroll down and enter your postcode, don't hit the 'Quote' button.

Odds are it will be this one (Eastern Region in this image) :

This is currently £14 below the cap for single rate DD, and around £6 below the cap for multi-rate DD, so I guess that averages out at near enough £10.

Thanks for that. When I tried I got an email address for further info. Also is that the only tariff on offer? Is there not a fix and does it not depend on DD or monthly payment. These are questions I've asked Octopus but not got an answer. 

MWT

Ofgem agree a tariff with the SoLR and everyone is moved to that one as the first step.

From there you can usually pick a different tariff once you are fully onboard with the new supplier.

With Octopus they have historically allowed customers to move to any of their other current tariffs with only a few limitation with regard to the smart tariffs. All of the other current tariffs can be seen at the link I gave above.

Too early to say if there are any limits for those transferring in, but I doubt it.

This is what Octopus say about payment methods:

https://octopus.energy/help-and-faqs/categories/bills-and-payments/what-payment-methods-do-you-offer/

I've never seen a tariff from them that penalized customers for their payment choice, but the preference is very distinctly for DD.

Ultrasonic

caveat_emptor said:

Ultrasonic said:

caveat_emptor said:

Also assured me that it would be £10 less than the Energy Cap which sounded ominous to me. 

Whilst you may think this sounds ominous, you can't realistically expect better right now since the cap is so low that energy companies are making a loss by selling at this price. 

In that case they'll all go bust. But the government won't allow that and will raise the Cap to guarantee they make a profit.

I believe Octopus will be being compensated by Ofgem, who in turn will be passing on the cost to the rest of us in time. Yes, the cap will absolutley be going up, although currently it is not planned to do so before April. There seems to be a growing case that it should increase sooner though!

I'd guess you've seen this sort of data but the graph below shows why the cap is not reflecting current costs. We had a 12% increase in the cap today but gas prices have gone up just a tad more this...

Ultrasonic

Have a read of this too @caveat_emptor

https://www.theguardian.com/business/2021/sep/30/ofgem-prepares-for-looming-failure-of-a-leading-energy-supplier

betsybleu

Heres the Octopus 24m Fixed tariff (Electric only) offered 26/9 for London area with Direct debit.

Ultrasonic

betsybleu said:

Heres the Octopus 24m Fixed tariff (Electric only) offered 26/9 for London area with Direct debit.

I'm not quite sure why you posted this here? This certainly won't be the tariff that ex-Avro customers will automatically be moved to.

MWT

Ultrasonic said:

betsybleu said:

Heres the Octopus 24m Fixed tariff (Electric only) offered 26/9 for London area with Direct debit.

I'm not quite sure why you posted this here? This certainly won't be the tariff that ex-Avro customers will automatically be moved to.

Probably because someone asked if there was a fixed tariff available a few posts up...

Here is the current fix (Eastern region) this one is 24 months and there is also a 12 month at the same rates, both with no exit fees.