Tracker confusion

teena

Thank you all so much.

I have asked to switch back to them provided it is those rates and that the caps are fixed for 12 months as was offered. She has called it July 2022v1 which is a bit concerning but she has written those rates (in fact 10p/40p) in the offer  so I will see.

SJMALBA

teena said:

Thank you all so much.

I have asked to switch back to them provided it is those rates and that the caps are fixed for 12 months as was offered. She has called it July 2022v1 which is a bit concerning but she has written those rates (in fact 10p/40p) in the offer  so I will see.

You are being given contradictory/incorrect information (not unusual from Octopus' CSAs when it comes to Tracker, unfortunately):

Tracker v2 & v3 have UR caps of 40p/11p

July 2022v1 has UR caps of 55p/16p

Hopefully, the mistake is with the Tracker name, rather than the caps (though it's 11p, rather than 10p), but I'd get them to confirm...

Spoonie_Turtle

[Deleted User] said:

QrizB said:

Spoonie_Turtle said:

That Tracker version to me would be a no-brainer.

Agreed. A year on "Tracker V3" with 11p/40p caps sounds a worthwhile switch under current circumstances.

I understood from another forum that new time-of-use tariffs may not be fixed for 12 months.

New ones, that's correct.  The rates OP has given correspond with v3, which is 12 months.

tlcgrantham

teena said:

Thank you all so much.

I have asked to switch back to them provided it is those rates and that the caps are fixed for 12 months as was offered. She has called it July 2022v1 which is a bit concerning but she has written those rates (in fact 10p/40p) in the offer  so I will see.

The 10p/40p rates seem to reflect the reduction of the EPG which would only apply till April 1st 2023. If so this would revert back to 55p/16p after 1/4/2023. You can always switch to the Flexible tariff in April or before if rates go to the cap and stay there.

SJMALBA

tlcgrantham said:

teena said:

Thank you all so much.

I have asked to switch back to them provided it is those rates and that the caps are fixed for 12 months as was offered. She has called it July 2022v1 which is a bit concerning but she has written those rates (in fact 10p/40p) in the offer  so I will see.

The 10p/40p rates seem to reflect the reduction of the EPG which would only apply till April 1st 2023. If so this would revert back to 55p/16p after 1/4/2023. You can always switch to the Flexible tariff in April or before if rates go to the cap and stay there.

AFAIK, EPG reduced UR caps for July 2022v1 are 38p/11.8p (before energy region variation?)?

tlcgrantham

SJMALBA said:

tlcgrantham said:

teena said:

Thank you all so much.

I have asked to switch back to them provided it is those rates and that the caps are fixed for 12 months as was offered. She has called it July 2022v1 which is a bit concerning but she has written those rates (in fact 10p/40p) in the offer  so I will see.

The 10p/40p rates seem to reflect the reduction of the EPG which would only apply till April 1st 2023. If so this would revert back to 55p/16p after 1/4/2023. You can always switch to the Flexible tariff in April or before if rates go to the cap and stay there.

AFAIK, EPG reduced UR caps for July 2022v1 are 38p/11.8p (before energy region variation?)?

True. Hopefully teena will have her switch date backdated and benefit from Gas Tracker rates averaging nearer 7p (depending on regional variations) over the last 2 months.

SJMALBA

tlcgrantham said:

SJMALBA said:

tlcgrantham said:

teena said:

Thank you all so much.

I have asked to switch back to them provided it is those rates and that the caps are fixed for 12 months as was offered. She has called it July 2022v1 which is a bit concerning but she has written those rates (in fact 10p/40p) in the offer  so I will see.

The 10p/40p rates seem to reflect the reduction of the EPG which would only apply till April 1st 2023. If so this would revert back to 55p/16p after 1/4/2023. You can always switch to the Flexible tariff in April or before if rates go to the cap and stay there.

AFAIK, EPG reduced UR caps for July 2022v1 are 38p/11.8p (before energy region variation?)?

True. Hopefully teena will have her switch date backdated and benefit from Gas Tracker rates averaging nearer 7p (depending on regional variations) over the last 2 months.

FWIW, for me, average gas URs for the previous 3 months:

July - 9.34p/kWh

August - 10.97p/kWh

September - 9.34p/kWh

October, up to and including tomorrow - 5.28p/kWh

teena

Thanks again everyone. So helpful.

I messaged on Friday to say that I would like to switch to the tariff of

         Electric: 40p and 35.86p per day standing charge
        Gas: 10p and 25.92p per day standing charge. please provided it is still fixed for 12 months as we discussed.

But so far no response from this senior team member I had been moved onto. We shall see what happens.