DD rules on deemed tariffs

Qyburn

bristolleedsfan said:

I would also be interested to see how £100 cheaper than EPG adds up

Maybe someone who's been given Octopus prices for both Gas and Electricity, could do the calculation for whatever the "average" usage of each is supposed to be.  See if it comes out to £2,400. 

We don't have gas so I only have their electricity price and for what it's worth that comes out £4.00 per year less than the figure from MSE Energy price cap calculator. That's for Octopus's estimate of our annual consumption.

fivegoldstars

Qyburn said:

bristolleedsfan said:

I would also be interested to see how £100 cheaper than EPG adds up

Maybe someone who's been given Octopus prices for both Gas and Electricity, could do the calculation for whatever the "average" usage of each is supposed to be.  See if it comes out to £2,400. 

We don't have gas so I only have their electricity price and for what it's worth that comes out £4.00 per year less than the figure from MSE Energy price cap calculator. That's for Octopus's estimate of our annual consumption.

Octopus has given me the prices of:
Electric SC 49.860/UR 33.708
Gas SC 32.167/UR 10.404

For reference, the DD prices for my region are:
Electric SC 45.77/UR 32.97
Gas SC 28.49/UR 10.19

bristolleedsfan

Qyburn said:

bristolleedsfan said:

I would also be interested to see how £100 cheaper than EPG adds up

Maybe someone who's been given Octopus prices for both Gas and Electricity, could do the calculation for whatever the "average" usage of each is supposed to be.  See if it comes out to £2,400. 

We don't have gas so I only have their electricity price and for what it's worth that comes out £4.00 per year less than the figure from MSE Energy price cap calculator. That's for Octopus's estimate of our annual consumption.

Can someone who pays by DD and is on Flexible Octopus dual fuel kindly post new rates mentioning Region ????

LindsayT

I'm on Flexible Octopus, don't pay by DD but for my region Eastern, the new rates are given as:
Gas Unit Rate       10.29
Standing Charge   28.49
Elec Unit Rate       35.07
Standing Charge   38.94

The rates I have been quoted are:
Gas Unit Rate       10.476
Standing Charge   32.167
Elec Unit Rate       35.747
Standing Charge   42.66

Don't know if this helps.

bristolleedsfan

LindsayT said:

I'm on Flexible Octopus, don't pay by DD but for my region Eastern, the new rates are given as:
Gas Unit Rate       10.29
Standing Charge   28.49
Elec Unit Rate       35.07
Standing Charge   38.94

Those rates are the same as published by MSE for region, they are giving 4%  off standing charges which for dual fuel amounts to about 3p per day/ £10.95 per year.

Unit rates might be a little lower, I am very keen to see how they add up to stated to be over £100 cheaper than Government guarantee for typical home - £50 below cap is highest they have ever been and that was iwth less customers on SVR/Flexible Octopus.

MWT

bristolleedsfan said:

LindsayT said:

I'm on Flexible Octopus, don't pay by DD but for my region Eastern, the new rates are given as:
Gas Unit Rate       10.29
Standing Charge   28.49
Elec Unit Rate       35.07
Standing Charge   38.94

Have a look at the rates LindsayT has been quoted though...

Those are above the DD cap for Eastern, but well below the cap for a credit account...

It does look like Octopus have set a credit version of the tariff for the SVT, and yes it is well over £100 below the cap...

LindsayT

The first set of figures I posted were from the MSE site.
Both sets of figures include VAT.
So will I get a reduction on the prices quoted in my email if I now pay by DD?

MWT

LindsayT said:

The first set of figures I posted were from the MSE site.
Both sets of figures include VAT.
So will I get a reduction on the prices quoted in my email if I now pay by DD?

The answer does seem to be 'yes', because Octopus have been forced to have a differential, albeit a lot smaller than it would be with say EDF for example...

Assuming the typical 2900/12000 Electric/Gas use that is always quoted, your credit tariff is capped at £2,715, but Octopus only charge you £2,567, where EDF would charge £2,715.

I don't have the DD rate for Octopus  for your region, but the cap is £2,498, and the Octopus rate is likely to be a little below that, so the '£80' quoted is believable.