With Octopus? Here's how to get a decent fix for elec and gas (it's no longer Octopus SPOILER!!)

k_man

Just for clarity (and indeed we have different opinions):
The standing charge is not fixed or capped, so Octopus could, without contradicting any promises/website claims, significantly increase that (with 30 days notice)

Not that I think they would, and as stated many times, a more likely change are new versions with new SC and cap.

I agree these tariffs are good choices for many forum readers, but too many caveats and requirements for most website, email or social media MSE followers.

Imagine all the questions about deciphering bills. Bad enough for SVT users!

SJMALBA

Mstty said:

Absolute rubbish IMO. They are fixed caps well below the projected 14-15p for gas and 43-45p for electricity this October.

The fact they have been ignored by the "deals" team at MSE is a disgrace IMO

We have differing views here which I accept👍

There is nothing, in respect of Tracker, that guarantees anything about the unit rate cap. We only have past actions (in respect of Tracker v1 cap last winter and through this year), and (IIRC) the word of a CSA (which, as we know, is worthless, given that different CSAs say different things).

Unless there is something, in writing, even on their website, that I'm unaware of?

QrizB

k_man said:

Imagine all the questions about deciphering bills. Bad enough for SVT users!

I can imagine it now ...

"That nice Martin Lewis recommended I switch to Octopus Agile.I've just received my first bill and it's 32 pages long. HELP!"

... followed by 32 pages of blurry screenshots.

k_man

SJMALBA said:

Mstty said:

Absolute rubbish IMO. They are fixed caps well below the projected 14-15p for gas and 43-45p for electricity this October.

The fact they have been ignored by the "deals" team at MSE is a disgrace IMO

We have differing views here which I accept👍

There is nothing, in respect of Tracker, that guarantees anything about the unit rate cap. We only have past actions (in respect of Tracker v1 cap last winter and through this year), and (IIRC) the word of a CSA (which, as we know, is worthless, given that different CSAs say different things).

Unless there is something, in writing, even on their website, that I'm unaware of?

https://octopus.energy/tracker-faqs/

If wholesale prices go up, am I stuck on the Octopus Tracker paying a higher price?

×

No, if you ever want to come off the Octopus Tracker, just email hello@octopus.energy and we will move you to one of our other tariffs right away, alternatively you can switch directly in your online account. Additionally, we have introduced a maximum cap on Tracker prices at 40p / kWh of electricity and 11p / kWh for gas

But no never or guaranteed on this one.

SJMALBA

k_man said:

SJMALBA said:

Mstty said:

Absolute rubbish IMO. They are fixed caps well below the projected 14-15p for gas and 43-45p for electricity this October.

The fact they have been ignored by the "deals" team at MSE is a disgrace IMO

We have differing views here which I accept👍

There is nothing, in respect of Tracker, that guarantees anything about the unit rate cap. We only have past actions (in respect of Tracker v1 cap last winter and through this year), and (IIRC) the word of a CSA (which, as we know, is worthless, given that different CSAs say different things).

Unless there is something, in writing, even on their website, that I'm unaware of?

https://octopus.energy/tracker-faqs/

If wholesale prices go up, am I stuck on the Octopus Tracker paying a higher price?

×

No, if you ever want to come off the Octopus Tracker, just email hello@octopus.energy and we will move you to one of our other tariffs right away, alternatively you can switch directly in your online account. Additionally, we have introduced a maximum cap on Tracker prices at 40p / kWh of electricity and 11p / kWh for gas

But no never or guaranteed on this one.

Exactly.

Mstty

No but history has shown through v1 and V2 they will just start V4 and leave v3 where it is.

And that includes the last large price cap increase Apr '22 so there is no reason to believe they will act differently for this Oct '22 price increase and bin off versions 1,2 and 3 and move everyone to V4 rates. They are fixed and this has been confirmed by a number of chats posted here and in other Octopus threads confirmed by Customer Services.

Mstty

QrizB said:

k_man said:

Imagine all the questions about deciphering bills. Bad enough for SVT users!

I can imagine it now ...

"That nice Martin Lewis recommended I switch to Octopus Agile.I've just received my first bill and it's 32 pages long. HELP!"

... followed by 32 pages of blurry screenshots.

Let's say 50% of Octopus 3.1 million plus customer don't know about the 12 month capped rates for Agile and Tracker products?

I suspect a little bit of blow back is worth it for Money Saving Expert in letting their newsletter members know about these options

Or is it now money saving experts (small print except when it's a little difficult to explain then we just won't include it in our longstanding is it worth fixing page)

Difficult or blow back should be no reason not to promote a money saving idea.

Mstty

SJMALBA said:

Mstty said:

Absolute rubbish IMO. They are fixed caps well below the projected 14-15p for gas and 43-45p for electricity this October.

The fact they have been ignored by the "deals" team at MSE is a disgrace IMO

We have differing views here which I accept👍

There is nothing, in respect of Tracker, that guarantees anything about the unit rate cap. We only have past actions (in respect of Tracker v1 cap last winter and through this year), and (IIRC) the word of a CSA (which, as we know, is worthless, given that different CSAs say different things).

Unless there is something, in writing, even on their website, that I'm unaware of?

I will have a look further I know mum took tracker for gas and had it confirmed by customer services in chat that the max cap was 11p and that would not change. (I told her to keep that screenshot safe 👍)

Going by history and the very high April '22 rise they certainly didn't scrap v1 and V2 of tracker. So again historically I can't see them ditching v1/2&3 and putting everyone on a much more expensive V4 for the big rise Oct 22 but I can see them.anyday releasing tracker v4

bristolleedsfan

BargainBear said:

tlcgrantham said:

BargainBear said:

What's the SC on Agile? Only thing I could find is potentially 21p where it mentions a daily subscription?

Currently being offered the chance to renew electricity on the Go Faster tariff:

Peak unit rate: 35.66p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 41.39p / day

Gas were all good on until end of September 2023 with the Price Promise tariff as long as there's no more changes.

We’re you already on Go Faster and do you have an Electric Vehicle? I’m on Go Faster but was not offered the chance to renew it only the SVT or Econ7.

Sorry tlcgrantham I missed your earlier post. Yes, already on Go Faster for the last 12 months, and no we don't have an EV. 

When you choose a new Go Faster slot, if they are consistent you should be sent a typeform, first question is what EV do you have/?

wibbler

With prices and tariffs changing a lot over the course of this thread, can someone give advice on the best option available now for current ex-Avro Octopus  (Flexible Avro) customers? I only see Octopus 12M Fixed and Loyal Octopus 12M Fixed as options to change to on the Octopus website, how does the Agile tariffs fit in (if they are still available)? Do you see any value in switching to Utility Warehouse or Green Energy UK tariffs which seem better? Thanks!