Octopus energy fixed tariff

Bronia80

So does this mean I will be paying somewhere between the flexible octopus tariff and the fixed loyalty tariff? As I’m sure the flexible tariff will be higher in April. 

PennineAcute

Bronia80 said:

So does this mean I will be paying somewhere between the flexible octopus tariff and the fixed loyalty tariff? As I’m sure the flexible tariff will be higher in April. 

The current estimates for the April Cap are

Elec  UP probably close to 31.4p  SC probably close to 24p

Gas UP probabily close to 8.5p, SC probably close to 26p

Of course these are estimates, so could be lower or higher.

bristolleedsfan

PennineAcute said:

Bronia80 said:

So does this mean I will be paying somewhere between the flexible octopus tariff and the fixed loyalty tariff? As I’m sure the flexible tariff will be higher in April. 

The current estimates for the April Cap are

Elec  UP probably close to 31.4p  SC probably close to 24p

Gas UP probabily close to 8.5p, SC probably close to 26p

Of course these are estimates, so could be lower or higher.

Those "probably" close to estimates equate to new energy cap close to £2113 whereas Cornhill Insider as of now are predicting April 2022 energy cap of £1897 and a October 2022 energy cap of £2054.46

https://www.telegraph.co.uk/politics/2022/01/28/energy-bills-hit-1900-april/

Bronia80

So from the tariffs I have posted is anyone able to predict what I will be paying monthly, as it stands now it won’t be £88.30.. 

facade

Bronia80 said:

So from the tariffs I have posted is anyone able to predict what I will be paying monthly, as it stands now it won’t be £88.30.. 

Not unless you give us more information I'm afraid.

You need your estimated consumption figures for electricity and gas separately.

If you look at your latest bill, on the right it give the unit rates and estimated usage figures like this

We need the Estimated Annual Usage for gas and electricity.

Multiply this figure by the unit rate.

Do it for electricity and gas and add the totals to get the energy total.

Then add the standing charges for electricity and gas together. (Press = so you work with the total) multiply this total by 365 and you get the standing charge total.

Add the standing charge total to the energy total this give the annual bill.

Divide the annual bill by 12 for your monthly payment.

(As you can see. I'm in for a spectacular rise when I pay 8.4p for gas instead of my current 2.9 inc VAT)

QrizB

bristolleedsfan said:

PennineAcute said:

Bronia80 said:

So does this mean I will be paying somewhere between the flexible octopus tariff and the fixed loyalty tariff? As I’m sure the flexible tariff will be higher in April. 

The current estimates for the April Cap are
Elec  UP probably close to 31.4p  SC probably close to 24p
Gas UP probabily close to 8.5p, SC probably close to 26p
Of course these are estimates, so could be lower or higher.

Those "probably" close to estimates equate to new energy cap close to £2113 whereas Cornhill Insider as of now are predicting April 2022 energy cap of £1897 and a October 2022 energy cap of £2054.46

https://www.telegraph.co.uk/politics/2022/01/28/energy-bills-hit-1900-april/

We'll find out in nine days whether Cornhill Insider are better are predicting the April cap than the MSE Forum is

Bronia80

Here is my estimated usage but obviously the unit rates and standing charge will change. 

bristolleedsfan

Bronia80 said:

So from the tariffs I have posted is anyone able to predict what I will be paying monthly, as it stands now it won’t be £88.30.. 

Loyalty 12 month fix O/P that has now been superceded by more expensive version gave annual estimate of £1568.58

Flexible variable estimate in O/P + 50% = £1589.40

Staying on flexible gives benefit of current flexible rates until possibly middle April

Octopus Tracker tariff if left unchanged by Octopus much lower standing charge both fuels, Gas 6pkwh maximum, 30pkwh Electricity maximum, possibility of E kwh rate being  consistently lower than that by April

QrizB

Bronia80 said:

Here is my estimated usage but obviously the unit rates and standing charge will change. 

Thank you. With an estimated use of 2912kWh/yr of electricity you're quite a typical user, but 6978kWh/yr of gas is lower than average.

Octopus have said that on the current cap it will be £88.30.

• On the new cap it could be somewhere around £140/month (but we won't know the cap for 9 days)
  
• On their current "Loyal Octopus" 12-month fixed loyalty tariff you'd be spending about £145/month.

Does that help?

Bronia80

QrizB said:

Bronia80 said:

Here is my estimated usage but obviously the unit rates and standing charge will change. 

Thank you. With an estimated use of 2912kWh/yr of electricity you're quite a typical user, but 6978kWh/yr of gas is lower than average.

Octopus have said that on the current cap it will be £88.30.

• On the new cap it could be somewhere around £140/month (but we won't know the cap for 9 days)
  
• On their current "Loyal Octopus" 12-month fixed loyalty tariff you'd be spending about £145/month.

Does that help?

Yes Thankyou.