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Octopus Engergy - Fixed Price Tariffs
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I received an email over the weekend from Octopus saying that they're offering fixed price tariffs again.
I'm currently on the Flexible Octopus tariff and my direct debit is £195 per month (this amount was due to arrears on my account and I'm now £263.19 in credit)
It's the Loyal Octopus 12m fixed with a monthly estimate of £136.49, although there are early exit fees of £75 for both gas & electric (total of £150)
Electricity
Daily standing charge - 47.95p per day
Unit rate - 30.96 per kWh
Gas
Daily standing charge - 27.47p per day
Unit rate - 7.77p per kWh
Current Flexible Octopus tariff is with a monthly estimate of £134.10
Electricity
Daily standing charge - 47.95p per day
Unit rate - 30.30p per kWh
Gas
Daily standing charge - 27.47p per day
Unit rate - 7.61p per kWh
I'm really unsure whether to remain on the flexible tariff or move over to the fixed one. Any advice would be gratefully received.
I'm currently on the Flexible Octopus tariff and my direct debit is £195 per month (this amount was due to arrears on my account and I'm now £263.19 in credit)
It's the Loyal Octopus 12m fixed with a monthly estimate of £136.49, although there are early exit fees of £75 for both gas & electric (total of £150)
Electricity
Daily standing charge - 47.95p per day
Unit rate - 30.96 per kWh
Gas
Daily standing charge - 27.47p per day
Unit rate - 7.77p per kWh
Current Flexible Octopus tariff is with a monthly estimate of £134.10
Electricity
Daily standing charge - 47.95p per day
Unit rate - 30.30p per kWh
Gas
Daily standing charge - 27.47p per day
Unit rate - 7.61p per kWh
I'm really unsure whether to remain on the flexible tariff or move over to the fixed one. Any advice would be gratefully received.
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Comments
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Forget £s and think kWh/year. Do your own cost calculation based on actual usage.If you are anxious about energy prices, then a fix is a good idea.1
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Check the exit fee terms.
Earlier posts on Octopus fix said could not avoid - even on an internal swap to another fix or SVT.
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I've just been offered these rates, 6% lower than current price cap.0
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Still looks as insisting on hard exit fees - but if 6% cheaper that's a useful saving.
Unlike the ops offer where unit rates where marginally higher so paying £2+ per month more probably with same restriction.
0 -
Unit rates are now slightly cheaper than current flexible - SC same - New version albeit incorrectly named on tariff list, customers who fixed on previous version appear to have lost out as expected.
Flexible charges predicted to fall/reduce from 1 October.
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