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

bristolleedsfan

Scot_39 said:

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 ?)

https://twitter.com/CornwallInsight/status/1668897663989719041

https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/

Octo exit fees are £75 per fuel including changing tariff, maybe they are trying to limit the numbers taking fixed rate.

tunde10

Got this email today. 

No point going on this with the current price of tracker & Agile tariffs unless you want peace of mind.

If those prices spike a bit more significantly, then I will consider a fix. 

Scot_39

bristolleedsfan said:

Scot_39 said:

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 ?)

https://twitter.com/CornwallInsight/status/1668897663989719041

https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/

Octo exit fees are £75 per fuel including changing tariff, maybe they are trying to limit the numbers taking fixed rate.

Thanks for the new CI data  - those new cap estimate figures which whilst not a killer - do perhaps suggest there might be some slight mileage in waiting.

As an all electric user - these new figures are better for me - as show an ongoing decrease - rather than the c1.2p increase - so over 2p less for Q1 / winter months - if correct.

That Q1 £1944 is c£100 lower than the £2045 I quoted from mid May.

 

wild666

There are no fixes available through Octopus on my account.

MWT

wild666 said:

There are no fixes available through Octopus on my account.

The 'Change my tariff' option on the Account page shows the 'Loyal' fix and the SVT as options, what do you see there?

Scot_39

There is a hint that EOn might be opening up its Loyalty fix v4 to more customers. 

Perhaps Octopus will to.

I suspect agile and tracker prices are going to close - even if dont fully match /converge - pretty quickly with Ofgem style pricing.

1996xxxx

I had heard from someone it was only if you change supplier re Octopus!  

QrizB

1996xxxx said:

I had heard from someone it was only if you change supplier re Octopus!  

I honestly have no idea what this means.

bristolleedsfan

1996xxxx said:

I had heard from someone it was only if you change supplier re Octopus!  

https://twitter.com/OctopusEnergy/status/1673328971813879808

t"he exit fee is for the specific tariff (because we've bought the years' energy for you at that price). So the fee applies if you leave the tariff, whether to another Octopus one or to another supplier."

bristolleedsfan

Latest price cap predictions

PREDICTION: Price cap will drop a further average 5% on 1 Oct (so 21% lower than now)

PREDICTION: Price cap will rise average 1% in January (so 20% lower than now)

https://twitter.com/CornwallInsight/status/1674409229246169093

For a typical consumer we are forecasting: Oct-Dec 2023, £1,871 p/a Jan-Mar 2024, £1,901 p/a

https://www.cornwall-insight.com/press/average-price-cap-forecasts-fall-as-ofgem-revises-definition-of-typical-energy-consumption/

"Following a consultation process, Ofgem has revised the TDCVs, from October it will be reducing them from 2,900 kWh per annum for electricity to 2,700 kWh, and from 12,000 kWh per annum for gas to 11,500 kWh – these new numbers are now reflected in  forecast assumptions"