Loyal Octopus 12M Fixed June 2023 v1 fixed - £75 per fuel exit fee

bristolleedsfan

On all tariff list - £75 exit fee per fuel - North West Region screenshot

Spoonie_Turtle

Wow, is this the first time they've set exit fees?  First time I've seen them do it, anyway.

jessmist

Is it a good fix ?

bristolleedsfan

Spoonie_Turtle said:

Wow, is this the first time they've set exit fees?  First time I've seen them do it, anyway.

They had a 3 year fix with exit fees a month or so before April 2022 cap change, they  previously lobbied OFGEM to ban exit fees.

https://twitter.com/ClemCowton/status/1471232391490555907

Mstty

They have to act like the big 4/5 they are now and offer the same mainstream options as others around them. As well as their uniquely Octopus products👍

Scot_39

Welcome perhaps to the new normal.

Do you have the non fixed SVT pricing for your region to compare ?

bristolleedsfan

Scot_39 said:

Welcome perhaps to the new normal.

Do you have the non fixed SVT pricing for your region to compare ?

North West - both fuels cheaper on July flexible rate

Exit fees on 12 month fix apply when changing tariff within Octopus Energy as well as if change supplier.

jjmmww1

Not sure i'll be moving to it with a £300 exit fee as it works out more expensive to me i'll risk it and wait to see if they have any lower ones

t1redmonkey

Got this as well, I was thinking about it but think I will hold off a bit longer and see if something better comes along.

SJMALBA

Scot_39 said:

Welcome perhaps to the new normal.

Do you have the non fixed SVT pricing for your region to compare ?

Table of URs and SCs for 'Flexible July 2023', for all energy regions, available on this page:

https://octopus.energy/blog/energy-price-cap-july-2023/

Scot_39

bristolleedsfan said:

Scot_39 said:

Welcome perhaps to the new normal.

Do you have the non fixed SVT pricing for your region to compare ?

North West - both fuels cheaper on July flexible rate

Exit fees on 12 month fix apply when changing tariff within Octopus Energy as well as if change supplier.

So more expensive - by a couple % on electric anyway - and a £300 exit fee.

The 0.65p on electric in line though with CI ave forecast rises 0.32 Q4 - but 1.17p increase by Q1 - leaving any further increase in Q4 covered (if it is an increase)

https://www.cornwall-insight.com/press/cornwall-insight-release-final-forecast-for-july-price-cap/

(PS - Have these been updated since ?)

Seems that Octopus are perhaps getting a bit risk averse as well.

The EOn loyalty fix seems to have reversed direction again - v1 was much lower SC  - v2 the July cap - v3 then v4 each a little lower - more generous - but few % - not ground breaking - but currently seems selectively offered - not all even coming off a recent fix were being offered early versions - the v4 ?.

Perhaps they might too.