Octopus 100% Price Increase?

Ultrasonic

bristolleedsfan said:

MoneyMate said:

Just accepted the Loyal Octopus fixed was £70 next month £150, I think it's 12 months, not 10, soon find out. ( Gas and Electric )

I have seen a few people say current version is 43% above April energy cap

Any simple attempt to summarise the difference in a single figure like this is not particularly helpful, since the actual difference for any individual will depend on their own energy usage. As evidenced by the many threads of people being confused by not seeing a 54% increase in April.

MoneyMate

MoneyMate said:

Just accepted the Loyal Octopus fixed was £70 next month £150,  it's 12 months, ( Gas and Electric )

It's defiantly 12 months.

QrizB

MoneyMate said:

MoneyMate said:

Just accepted the Loyal Octopus fixed was £70 next month £150,  it's 12 months, ( Gas and Electric )

It's defiantly 12 months.

It isn't "Loyal Octopus 10M Fixed March 2022 v1" then? What is the name of the tariff?

Ultrasonic said:

bristolleedsfan said:

MoneyMate said:

Just accepted the Loyal Octopus fixed was £70 next month £150, I think it's 12 months, not 10, soon find out. ( Gas and Electric )

I have seen a few people say current version is 43% above April energy cap

Any simple attempt to summarise the difference in a single figure like this is not particularly helpful, since the actual difference for any individual will depend on their own energy usage.

FWIW, in my region "Loyal Octopus 10M Fixed March 2022 v1" would cost Ofgem's benchmark customer £2849/yr, which is 45% above the April cap.

The previous "Loyal Octopus 12M Fixed March 2022 v1" would have cost £2600, 32% above the cap.

And the one before that, "Loyal Octopus 12M Fixed February 2022 v1" would have cost £2400, 22% above the cap.

bristolleedsfan

Ultrasonic said:

bristolleedsfan said:

MoneyMate said:

Just accepted the Loyal Octopus fixed was £70 next month £150, I think it's 12 months, not 10, soon find out. ( Gas and Electric )

I have seen a few people say current version is 43% above April energy cap

Any simple attempt to summarise the difference in a single figure like this is not particularly helpful, since the actual difference for any individual will depend on their own energy usage. As evidenced by the many threads of people being confused by not seeing a 54% increase in April.

I was just being lazy,- Loyal Octopus 10M Fixed March 2022 v1-, Electricity kwh rate is 41%+ above Octopus new flexible kwh rate, Gas kwh rate is 70% + more

Due to Octopus flexible standing charge subsidy fixed rate is only approx 4.5p per day cheaper, Gas standing charge is about 1.12p per day cheaper fixed than flexible,all based on my region

MWT

MoneyMate said:

MoneyMate said:

Just accepted the Loyal Octopus fixed was £70 next month £150,  it's 12 months, ( Gas and Electric )

It's defiantly 12 months.

Can you give us the name of the tariff and the kWh/Standing charge rates please?

MoneyMate

YOUR NEW TARIFF

Loyal Octopus 12M Fixed

Loyal Octopus 12M Fixed February 2022 v1

Starting on 12/04/2022

Fixed term ends 12/04/2023

36.04p/kWh24.11p/day

(All rates inc. VAT)

MoneyMate

YOUR NEW TARIFF

Loyal Octopus 12M Fixed

Loyal Octopus 12M Fixed February 2022 v1

Starting on 12/04/2022

Fixed term ends 12/04/2023

9.77p/kWh26.10p/day

(All rates inc. VAT)

QrizB

MoneyMate said:

YOUR NEW TARIFF

Loyal Octopus 12M Fixed

Loyal Octopus 12M Fixed February 2022 v1

Starting on 12/04/2022

Fixed term ends 12/04/2023

36.04p/kWh24.11p/day

(All rates inc. VAT)

Congratulations on getting the 12M February tariff, it's better than either of the March ones!