Just got my new Octopus tariff

Mothman

QrizB said:

Mothman said:

Just got my new tariff from Octopus Energy from 2nd April, and based on their estimated usage figures it shows a 68% increase over what I am currently paying them.

@Mothman your old rates in parentheses are ex-VAT; your new ones are inc-VAT.

Thanks for spotting, I have ammended the figures in brackets so they are now correct. Not sure why such a large increse in the standing charge for electric, not that it makes a whole heap of difference.

MWT

Mothman said:

QrizB said:

Mothman said:

Just got my new tariff from Octopus Energy from 2nd April, and based on their estimated usage figures it shows a 68% increase over what I am currently paying them.

@Mothman your old rates in parentheses are ex-VAT; your new ones are inc-VAT.

Thanks for spotting, I have ammended the figures in brackets so they are now correct. Not sure why such a large increse in the standing charge for electric, not that it makes a whole heap of difference.

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-is-the-standing-charge-for-electricity-nearly-doubling-from-1-april#latest

JohnB47

bristolleedsfan said:

Mothman said:

Just got my new tariff from Octopus Energy from 2nd April, and based on their estimated usage figures it shows a 68% increase over what I am currently paying them. For those interested my new tariff details are as below (current Octopus tariff figures shown in brackets).

Fuel          Standing Charge       Unit Charge kWh

Gas           27.216p (24.87p)          7.476p  (3.93p)

Electric      43.123p (22.96p)         28.455p (19.51p)

Ex Avro Energy customer located in West Berkshire.

Minus 30% SC discount that is being given via £4 monthly support reduction

Can you explain that 'support reduction' please?

MWT

JohnB47 said:

bristolleedsfan said:

Mothman said:

Just got my new tariff from Octopus Energy from 2nd April, and based on their estimated usage figures it shows a 68% increase over what I am currently paying them. For those interested my new tariff details are as below (current Octopus tariff figures shown in brackets).

Fuel          Standing Charge       Unit Charge kWh

Gas           27.216p (24.87p)          7.476p  (3.93p)

Electric      43.123p (22.96p)         28.455p (19.51p)

Ex Avro Energy customer located in West Berkshire.

Minus 30% SC discount that is being given via £4 monthly support reduction

Can you explain that 'support reduction' please?

https://octopus.energy/blog/why-we-are-increasing-energy-prices-for-some-customers/

As explained in the link, it only applies to the electricity standing charge, for existing customers on the standard variable tariff.

JohnB47

MWT said:

JohnB47 said:

bristolleedsfan said:

Mothman said:

Just got my new tariff from Octopus Energy from 2nd April, and based on their estimated usage figures it shows a 68% increase over what I am currently paying them. For those interested my new tariff details are as below (current Octopus tariff figures shown in brackets).

Fuel          Standing Charge       Unit Charge kWh

Gas           27.216p (24.87p)          7.476p  (3.93p)

Electric      43.123p (22.96p)         28.455p (19.51p)

Ex Avro Energy customer located in West Berkshire.

Minus 30% SC discount that is being given via £4 monthly support reduction

Can you explain that 'support reduction' please?

https://octopus.energy/blog/why-we-are-increasing-energy-prices-for-some-customers/

As explained in the link, it only applies to the electricity standing charge, for existing customers on the standard variable tariff.

Thanks but my understanding is that the electricity charge you've quoted includes the SC discount. So its not that charge minus £4 a month.

bristolleedsfan

JohnB47 said:

MWT said:

JohnB47 said:

bristolleedsfan said:

Mothman said:

Just got my new tariff from Octopus Energy from 2nd April, and based on their estimated usage figures it shows a 68% increase over what I am currently paying them. For those interested my new tariff details are as below (current Octopus tariff figures shown in brackets).

Fuel          Standing Charge       Unit Charge kWh

Gas           27.216p (24.87p)          7.476p  (3.93p)

Electric      43.123p (22.96p)         28.455p (19.51p)

Ex Avro Energy customer located in West Berkshire.

Minus 30% SC discount that is being given via £4 monthly support reduction

Can you explain that 'support reduction' please?

https://octopus.energy/blog/why-we-are-increasing-energy-prices-for-some-customers/

As explained in the link, it only applies to the electricity standing charge, for existing customers on the standard variable tariff.

Thanks but my understanding is that the electricity charge you've quoted includes the SC discount. So its not that charge minus £4 a month.

Taken from link you quoted - These unit rates and charges don't include the £48 Loyal Octopus support. Your Loyalty savings will be automatically calculated each month and deducted from your bill (it'll appear on your PDF statement as well) – adding up to £48 over a year.

JohnB47

Thanks for that. My letter from Octopus does mention the £48 support but doesn't make clear whether it's included/excluded from the charges quoted. I therefore took the pessimistic view that it was included.