Octopus Energy - Bonkers Cheap 24 Month Fixed Electricity Rate - No Exit Fees ( Now Withdrawn )

benwarwick123

So guys, my electricity is with neon reef and gas with EDF ( ex utility point) .. Today I contacted octopus and have moved both fuels to the Helpful octopus November 2021 v1 tariff.
The gas is £4.36 per month more expensive than the standard tariffs for my usage so not bad for 24 months .Electric is more expensive than neon reef but I don't expect them to be around much longer anyway.

Usage is:

Gas 8316 
Elect 3013

£95 per month 

NINJA59

As I said in the avro thread I took advantage of this and did it the old school way, called them, literally 30 seconds. 

As I have said in the avro thread there is the potential for a small saving for us long term as we are quite heavy electric users. Gas is a slight loss short term.

That being said if the SVR is going up 20 to 30 odd percent as some have predicted then we could be sitting pretty for 6 months loss. The fact it is a 24M tariff is the potential icing on the cake. If something else appears then the no exit fee is brilliant, cannot remember who it was but I saw exit fees of £200 from one supplier for a 24M fixed.

For confirmation as well our account now shows the new tariff as of yesterday. 

BobT36

Good find, mate. So I can save ~2p per kwh on Electricity for a 0.65p rise in Gas? (which I don't use that much of anyway as I rarely have the heating on. And both me & the GF are working from home with two beast computers on all day using a lot of electricity).

Flexible Avro Tarrif:
Electricity:
20.99 (Unit)
24.86 (Std)
Gas:
4.13 (Unit)
26.11 (Std)

Helpful Octopus Tarrif:
Electricity:
19.09 (Unit)
24.86 (Std)
Gas:
4.78 (Unit)
26.10 (Std)

No exit fees, which is good. Thinking of getting switched over to this as soon as the Avro move is sorted. They mailed me on the 24th saying it should be 5 days, but unfortunately nothing yet. 

[Deleted User]

Suffering barnacles. 
Comparing to last years months usage it is a fiver on a month but we have had the gas cooking replaced with leccy last March. Officially swapped now from Avro, need to look at this today.

Bexie1989

I think I might look into this.

I switched away from Pure Planet before they went under to a fix with British Gas Evolve, switching from a single rate tariff to an Eco 7 one to take advantage of the cheap night rate to run appliances, plus it was actually cheaper than their single rate at the time! Currently paying 23p day rate and 12.5p night rate with a 24p standing charge. Tbh it's not working out too badly, but god it's a faff only running all the stuff I can at night and I'm stressing a lot about "must do this and that on timer overnight"... plus it's annoying as say I put the washing machine on overnight, I then have to hang up washing and wait until the next night to put it in the tumble dryer (live in a top floor flat, no outside space to hang stuff, things take 3+ days to dry otherwise so I need the tumble dryer)

This tariff is around 4p less than my day rate, and yes I'd lose the 12.5p night rate but honestly it would be nice not having to worry about only doing everything overnight as it's stressing me out.

Plus we're all electric, no gas. If all our heating was storage heaters I'd stick with the Eco 7 but there's only one storage heater in the bedroom, the others were replaced with electric radiators that come on whenever, so I'm thinking a 4p difference will likely add up to a big saving once I have to put those on.

I'll have to crunch the numbers later and see if it's worth trying my luck switching to this

slipthru

Just switched to this via phone, thanks.

Bexie1989

I crunched the numbers and this would work out a tiny bit cheaper overall on my current usage, and would make a big difference when I have to put on all my electric heating (which I am stubbornly refusing to do at the moment!)

Phoned up though and they said they can't offer me that tariff, but they'll get someone from a different department to phone me?

weird how people are having different results when they phone, some get to switch no issue, others are told no dice. Maybe I'll try emailing or twitter like others lol. I'd have to make a twitter though!

On the plus side wow, I have never phoned an energy company where you are literally straight through. No robot voice saying press 1 for this, 2 for that, or waiting on hold, just straight through after a few rings to an actual person. Even if I can't get this tariff once things calm down and it's easier to actually switch again, that alone makes me want to go with Octopus at some point anyway!


EDIT: So literally in the past 10 minutes that tariff has now disappeared when I search for it. It is no longer listed on the website at all, it's just gone. Maybe they pulled it.

BobT36

Yep it's now been pulled, !!!!!!. 
I'd not yet been finalised switching over from Avro so couldn't even try. 

gt94sss2

Thanks for this thread. I managed to change our electricity supply to this tariff on the afternoon of the 8th. It works out better for us than the Sainsbury's 1 year fix we are currently on.

An added bonus is that we qualify to get the referral bonus as a new customer

themaidenmaniac

benwarwick123 said:

So guys, my electricity is with neon reef and gas with EDF ( ex utility point) .. Today I contacted octopus and have moved both fuels to the Helpful octopus November 2021 v1 tariff.
The gas is £4.36 per month more expensive than the standard tariffs for my usage so not bad for 24 months .Electric is more expensive than neon reef but I don't expect them to be around much longer anyway.

Usage is:

Gas 8316 
Elect 3013

£95 per month 

How come you left neon reef, reckon they will drop? Their tarriffs are amazing- really wanted to move onto their electric 17p but Ofgem blocked my switch!!