Help with understand octopus

macman

The good news is that you'll have gone right through the winter on a very cheap fix, and still had the benefit of the £400 EBSS rebate.

bristolleedsfan

[Deleted User] said:

 The flexible tariff set by Octopus will be below the Cap (I believe by £50) but the Cap is not a limit on what you pay as it is based on assumed usage. Use more: pay more.

£50 below the cap is one for the memory, couple of pence ish per day off standing charges now. 

_Sam_

Spoonie_Turtle said:

As already mentioned those rates are without the government's EPG discount.  We don't know what that will be come April, but realistically you're not going to find a better deal than Octopus' Flexible with their reduced standing charge, unless you look into tariffs like Agile or Tracker and become confident you understand how they work (also from Octopus). 


The Flexible is the capped standard variable tariff, and if you do find a better tariff at any point you can switch to it with no exit fee.

The OP mentioned having EV, in which case Octopus EV tariffs could be preferable for example on the Intelligent tariff we are paying 10p per kwh.

Spoonie_Turtle

_Sam_ said:

Spoonie_Turtle said:

As already mentioned those rates are without the government's EPG discount.  We don't know what that will be come April, but realistically you're not going to find a better deal than Octopus' Flexible with their reduced standing charge, unless you look into tariffs like Agile or Tracker and become confident you understand how they work (also from Octopus). 


The Flexible is the capped standard variable tariff, and if you do find a better tariff at any point you can switch to it with no exit fee.

The OP mentioned having EV, in which case Octopus EV tariffs could be preferable for example on the Intelligent tariff we are paying 10p per kwh.

Oh that is an excellent point, I completely overlooked that!  Glad you flagged that up for the OP, thanks.

[Deleted User]

Spoonie_Turtle said:

_Sam_ said:

Spoonie_Turtle said:

As already mentioned those rates are without the government's EPG discount.  We don't know what that will be come April, but realistically you're not going to find a better deal than Octopus' Flexible with their reduced standing charge, unless you look into tariffs like Agile or Tracker and become confident you understand how they work (also from Octopus). 


The Flexible is the capped standard variable tariff, and if you do find a better tariff at any point you can switch to it with no exit fee.

The OP mentioned having EV, in which case Octopus EV tariffs could be preferable for example on the Intelligent tariff we are paying 10p per kwh.

Oh that is an excellent point, I completely overlooked that!  Glad you flagged that up for the OP, thanks.

Only if the EV or the EVSE is Octopus Intelligent compatible.

pochase

Still Octopus Go or even just an E7 tariff is very likely beneficial for an EV owner.

Of course if for example  the car is not used very much or needs to be charged for some reason mainly during the day this might be different

wedzac

Like the original poster, our fix with Octopus ends end of Feb and they emailed to say there wasn't a tarrif that could better the standard variable and we would automatically be switched to that. However, am seriously considering the Octopus tracker tarrif as I have been told wholesale prices are dropping and through sheer hard work, we have reduced our energy consumption as well but suspect Octopus are still over estimating our usage for the year ahead. I fully get that the tracker is unpredictable and you need to keep a good eye on wholesale prices but equally it sounds as we can swap to the variable or another tarrif if it doesn't work out. What I haven't found and would appreciate advice on, is where you can go to look up the daily wholesale price. I found one website that talked about a site and creating a shortcut to it but that was only for those with an iPhone. Is there an independent site that simply daily lists the wholesale price for gas and electricity to help you track it all? 

Officer_Dibble

http://mysmartenergy.uk/Tracker/Southern-England - choose your region from the dropdown menu.Though that's the tracker price, published on the day. I haven't found a wholesale price site publising ahead of time.

wedzac

Thank you!

Spoonie_Turtle

https://www.nordpoolgroup.com/en/Market-data1/#/n2ex/table shows the electricity day-ahead wholesale prices.  I don't know what the exact conversion calculation is but a price showing as "156,61" is 15.661p/kWh.