Some good news in the latest predictions

Mstty

Good not fantastic 

Mstty

Could this mean some lower than EPG fixes appearing on the market soon?

I wouldn't put it past the forward thinking Octopus machine.

MattMattMattUK

Mstty said:

Could this mean some lower than EPG fixes appearing on the market soon?

I doubt it purely because there is little to no incentive for the suppliers to do so. The EPG means that they can sit pretty and the number of people potentially moving will remain very low.

Mstty said:

I wouldn't put it past the forward thinking Octopus machine.

I think Octopus seem to be wanting to really push into ToU tariffs at the moment, they have their EV tariffs and have just launched their heat pump tariff (Cosy), as well as their dynamic tariffs, I expect they play to push into more granular ToU tariffs in the future rather than bog standard fixes. 

CanNeverThinkOfAUsername

Oh this does look like good news!

EssexHebridean

A cautious "That looks hopeful" then... 

Mstty

MattMattMattUK said:

Mstty said:

Could this mean some lower than EPG fixes appearing on the market soon?

I doubt it purely because there is little to no incentive for the suppliers to do so. The EPG means that they can sit pretty and the number of people potentially moving will remain very low.

Mstty said:

I wouldn't put it past the forward thinking Octopus machine.

I think Octopus seem to be wanting to really push into ToU tariffs at the moment, they have their EV tariffs and have just launched their heat pump tariff (Cosy), as well as their dynamic tariffs, I expect they play to push into more granular ToU tariffs in the future rather than bog standard fixes. 

Maybe someone like Octopus will see this as a way of getting a larger market share, they are known for their forward thinking.

I suspect April 1st would be a good time for them or another company to pull a rabbit and return to a bit of competition?

spot1034

Mstty said:

MattMattMattUK said:

Mstty said:

Could this mean some lower than EPG fixes appearing on the market soon?

I doubt it purely because there is little to no incentive for the suppliers to do so. The EPG means that they can sit pretty and the number of people potentially moving will remain very low.

Mstty said:

I wouldn't put it past the forward thinking Octopus machine.

I think Octopus seem to be wanting to really push into ToU tariffs at the moment, they have their EV tariffs and have just launched their heat pump tariff (Cosy), as well as their dynamic tariffs, I expect they play to push into more granular ToU tariffs in the future rather than bog standard fixes. 

Maybe someone like Octopus will see this as a way of getting a larger market share, they are known for their forward thinking.

I suspect April 1st would be a good time for them or another company to pull a rabbit and return to a bit of competition?

Indeed there will be quite a lot of resentment when bills go up against a background of much lower wholesale prices. If any company can manage to offer a meaningful discount, there wouldn't be any shortage of takers.

MikeJXE

I am moving at the beginning of February and Octopus supply the energy

I have already had email conversations with them and requested Variable DD whole monthly bill

They say yes we can do that 

The_Green_Hornet

Considering that it was only last August that Cornwall Insight were predicting a price cap of £6,616 for Q2 23 that is some turnaround.

CanNeverThinkOfAUsername

I remember a few years ago now on the 1st April the Ofgem price cap went up, but Octopus put the tariffs down. They never do things the 'normal' way! haha

CanNeverThinkOfAUsername

Found it, from 2019: https://octopus.energy/blog/april-price-drop/