Am I reading this correctly? If yes - what a shock !!

merchcon55

GAS region	A	B	C	D	E	F	G	H	J	K	L	M	N	P	Wholesale p/kwh
2021-12-14	12.201	12.180	12.380	12.296	12.274	12.212	12.285	12.390	12.380	12.274	12.390	12.233	12.233	12.233	9.896

 

 ELECTRICITY

region	A	B	C	D	E	F	G	H	J	K	L	M	N	P	Wholesale p/kwh
2021-12-14	40.079	39.701	39.428	41.465	39.679	39.711	40.068	39.827	40.152	40.226	40.719	39.679	39.868	40.782	25.875

Using Region G as example:

1 KWH of Electricity = 40.068  (virtually DOUBLE what we are paying at the moment)

1 KWH of Gas = 12.285 (over TRIPLE what we are paying at the moment)


Info from:

https://energy.guylipman.com/sm/gastracker



https://energy.guylipman.com/sm/electracker

[Deleted User]

No shock really given that Germany (under pressure from the US et al) is refusing to approve the new Russia to Germany gas pipeline. 

Remember, Tracker prices are not wholly representative of future fixed deals but they are a good indication of the direct of travel re wholesale prices.

worrywart_3

All I can say is thank his I got off the octopus tracker in august

worrywart_3

Surely no one is still on this tracker 

bristolleedsfan

worrywart_3 said:

Surely no one is still on this tracker 

Gas is capped at maximun 6pkwh with standing charge about 10p/11p a day cheaper than fixed, whilst I would not recommend it for winter months it is cheaper than current Loyalty Octopus 12 month fixed gas rate that some customers are changing to.

Electriicity capped at  maximum 30pkwh rate, no oblgation to be on same tariff for both fuels or in fact have both fuels with Octopus

QrizB

bristolleedsfan said:

worrywart_3 said:

Surely no one is still on this tracker 

Gas is capped at maximun 6pkwh with standing charge about 10p/11p a day cheaper than fixed, whilst I would not recommend it for winter months it is cheaper than current Loyalty Octopus 12 month fixed gas rate that some customers are changing to.

Electriicity capped at  maximum 30pkwh rate, no oblgation to be on same tariff for both fuels or in fact have both fuels with Octopus

... and both those caps (6p gas, 30p electricity) are potentially lower than the April Ofgem cap. We'll find out in mid-Feb.

wittynamegoeshere

worrywart_3 said:

All I can say is thank his I got off the octopus tracker in august

Is a tracker allowed to exceed the capped price?  I know that fixed deals are excluded, but I don't know whether tracker ones are or not.  The scenario we are in, where wholesale exceeds the cap, was not meant to happen!

worrywart_3

QrizB said:

bristolleedsfan said:

worrywart_3 said:

Surely no one is still on this tracker 

Gas is capped at maximun 6pkwh with standing charge about 10p/11p a day cheaper than fixed, whilst I would not recommend it for winter months it is cheaper than current Loyalty Octopus 12 month fixed gas rate that some customers are changing to.

Electriicity capped at  maximum 30pkwh rate, no oblgation to be on same tariff for both fuels or in fact have both fuels with Octopus

... and both those caps (6p gas, 30p electricity) are potentially lower than the April Ofgem cap. We'll find out in mid-Feb.

But when cap the tracker cap change? At least it’s capped I guess still glad to not be on it as I’m paying less than half of the tracker cap, it was a risk I went on it and didn’t gain as prices kept going uo
those on it in 2020 didn’t do badly, i joined that party too late.

worrywart_3

wittynamegoeshere said:

worrywart_3 said:

All I can say is thank his I got off the octopus tracker in august

Is a tracker allowed to exceed the capped price?  I know that fixed deals are excluded, but I don't know whether tracker ones are or not.  The scenario we are in, where wholesale exceeds the cap, was not meant to happen!

Think that’s been answered above seems to have its own cap which is currently higher than the normal cap but not as high as April cap is predicted to be.

whirlyhead

My gas charges are currently 6.39p so above that amount!!

worrywart_3

I was only with octopus tracker for electricity 30p kwh would be almost bankrupting and double what I’m paying so for me approx £160 a month yikes 😳