Loyal Octopus 12m Fixed

Irratus_Rusticus

Suz239 said:

Thank you for asking, I had pretty much the same question.

My quoted Octopus tarriff for Loyal Fixed is

E

68.56 p/kWh

49.79 s/c

I'm not on the gas network, so my usage is around 4500 kWh/year.

I'm now paying £92/month for the Tracker tarriff, the new monthly direct debit will be £226.16/month

Which is more than twice as much, ouch! Should I still switch and hope it will work out cheaper after October?

I've just compared to your £226.16 per month:

pochase

QrizB said:

You're a higher than average electricity user but a much lower than average gas user. Do you know why this is?

@pochase could you crunch the numbers here? I'm offline for the next few hours.

Sorry, only saw it just now. Using the reduced January prediction from Auxilione today.



It is up to you @cola133 what you want to do, but I would stick with fix. Even with the huge downward prediction today, we they are still expecting £1 per KWh in April.

Cola133

@pochase Huge thanks for this! Everyone is so kind and helpful on here, thank you. I will stick with the fix. Many thanks again

Irratus_Rusticus

@Suz239. Sorry, I didn't compared the right tariffs:

littlemissbossy

Irratus_Rusticus said:

littlemissbossy said:

I too have taken this tariff, I will pay more Sept-Dec but then if the predictions are correct I would save after that.  I'm not sure if I've done the right thing but there are no exit fees so I can swap back if I get twitchy.

My rates are:

E
67.89 kWh
41.98 s/c

G
18.81 kWh
27.22 s/c

My usage is E=2660 and G=11430

I started your comparison on 1 Sep to show how the variable rate total changes from case above.Presumably your monthly fix DD is the same as below?:

Thanks so much for doing that for me.  

Yes that ties up with my DD, ouch!

Irratus_Rusticus

Cola133 said:

Irratus_Rusticus said:

Thank you for doing this table. Does this factor in the January price rise too? I'm in the South East. This is really so kind and helpful thank you.

Yes, that is why the monthly payments change. For what it is worth this far ahead.

pochase

Irratus_Rusticus said:

Cola133 said:

Irratus_Rusticus said:

Thank you for doing this table. Does this factor in the January price rise too? I'm in the South East. This is really so kind and helpful thank you.

Yes, that is why the monthly payments change. For what it is worth this far ahead.

What predictions are you using? They don't seem to match any that I am aware of?

Even todays low Auxilione forecast is to higher than what you seem to use. And latest CI is higher than current Auxilione.

Suz239

Irratus_Rusticus said:

@Suz239. Sorry, I didn't compared the right tariffs:

Thank you so much this is incredibly helpful!

Irratus_Rusticus

pochase said:

Irratus_Rusticus said:

Cola133 said:

Irratus_Rusticus said:

Thank you for doing this table. Does this factor in the January price rise too? I'm in the South East. This is really so kind and helpful thank you.

Yes, that is why the monthly payments change. For what it is worth this far ahead.

What predictions are you using? They don't seem to match any that I am aware of?

Even todays low Auxilione forecast is to higher than what you seem to use. And latest CI is higher than current Auxilione.

I used the 22 August CI rates, unfortunately. Not the 26 August. Wrong spreadsheet.

As for almost daily changed predictions, only confirms what I have come to believe as an average keen energy punter. Endlessly comparing 12M fix offers to almost daily changing new quarterly variable cap predictions for a year ahead is apples and pears. You fix, change your mind if no exit fees, go to variable and within days see the variable predictions hike and hike again. By then that fix may be gone.  

pochase

26th CI is hard to use. They did not split between gas and electricity.

Also it seems that SOLR part of the standing charge will be gone from April, so that will male SVT a small amount cheaper.

If you really want to do the work with monthly comparison you might to look at this



Currently you are not taking into account that you use more gas in winter months.