Agile Pricing - strange things are afoot...

inkydolphin

The things we have to think about that our parents didn't makes the mind boggle.

mmmmikey

Mstty said:

Just to add to the energy stock market gamble above and this isn't for everyone.

So our plan is to get our energy bill below £1500 this year (details of house in signature)

We plan to do this in the following way.

Moved to Octopus £50 referral fee - done
Switch to Agile - done
Moved to tracker - done
Referred two people £100 reward - done
Log everything daily in the spreadsheet - ongoing
At the appropriate time move to Cosy Octopus - not yet
At the appropriate time move back to Agile

Our own forecast and energy usage suggest we can achieve a median of 24p kWh for electricity but we are being less strict on energy usage this year so expect 6250 kWh so £1260 and averaging the SC's out £146 a year. Then take off the £150 initial join and referrals approx £1250 a year or just over £100 a month.

If the plan works that's a ridiculous amount to pay for energy back to reasonable days for a 5 bed house.

The following year due to the 9 month wait to rejoin tracker we will switch when we are allowed.

So that's the plan and we enjoy monitoring the prices and usage and can do this as we work from home full time so can shift our usage easily. 

Thanks, interesting to hear what others are doing. You mention the median price here and in another post elsewhere this morning. What lead you to monitor the median rather than, for example, your own weighted average? Or am I reading too much into this?

Mstty

mmmmikey said:

Mstty said:

Just to add to the energy stock market gamble above and this isn't for everyone.

So our plan is to get our energy bill below £1500 this year (details of house in signature)

We plan to do this in the following way.

Moved to Octopus £50 referral fee - done
Switch to Agile - done
Moved to tracker - done
Referred two people £100 reward - done
Log everything daily in the spreadsheet - ongoing
At the appropriate time move to Cosy Octopus - not yet
At the appropriate time move back to Agile

Our own forecast and energy usage suggest we can achieve a median of 24p kWh for electricity but we are being less strict on energy usage this year so expect 6250 kWh so £1260 and averaging the SC's out £146 a year. Then take off the £150 initial join and referrals approx £1250 a year or just over £100 a month.

If the plan works that's a ridiculous amount to pay for energy back to reasonable days for a 5 bed house.

The following year due to the 9 month wait to rejoin tracker we will switch when we are allowed.

So that's the plan and we enjoy monitoring the prices and usage and can do this as we work from home full time so can shift our usage easily. 

Thanks, interesting to hear what others are doing. You mention the median price here and in another post elsewhere this morning. What lead you to monitor the median rather than, for example, your own weighted average? Or am I reading too much into this?

At the moment I am taking what we do now on an average day without changing habits (being on tracker means we don't have to shift usage like we do on Agile and Cosy)

However with the latest October price cap announcement for our area I have created spreadsheet tab number 12. Spoke to she who matters most and we have devised our cosy octopus plan of attack taking full advantage of the 6 hours 40% reduction on the price per kWh for elec.

Over the October-December period as an example with the newly released rates we can tailor our usage to average out a 23p/kWh.

So when tracker starts to creep up to that price we will put in our request to move to Cosy.

I think I used the term median wrong lol.

QrizB

Mstty said:

I think I used the term median wrong lol.

Sounds more like a consumption-weighted arithmetic mean

Mstty

QrizB said:

Mstty said:

I think I used the term median wrong lol.

Sounds more like a consumption-weighted arithmetic mean

Thankyou I struggle with the correct terminology for calculations 

mmmmikey

Mstty said:

mmmmikey said:

Mstty said:

Just to add to the energy stock market gamble above and this isn't for everyone.

So our plan is to get our energy bill below £1500 this year (details of house in signature)

We plan to do this in the following way.

Moved to Octopus £50 referral fee - done
Switch to Agile - done
Moved to tracker - done
Referred two people £100 reward - done
Log everything daily in the spreadsheet - ongoing
At the appropriate time move to Cosy Octopus - not yet
At the appropriate time move back to Agile

Our own forecast and energy usage suggest we can achieve a median of 24p kWh for electricity but we are being less strict on energy usage this year so expect 6250 kWh so £1260 and averaging the SC's out £146 a year. Then take off the £150 initial join and referrals approx £1250 a year or just over £100 a month.

If the plan works that's a ridiculous amount to pay for energy back to reasonable days for a 5 bed house.

The following year due to the 9 month wait to rejoin tracker we will switch when we are allowed.

So that's the plan and we enjoy monitoring the prices and usage and can do this as we work from home full time so can shift our usage easily. 

Thanks, interesting to hear what others are doing. You mention the median price here and in another post elsewhere this morning. What lead you to monitor the median rather than, for example, your own weighted average? Or am I reading too much into this?

At the moment I am taking what we do now on an average day without changing habits (being on tracker means we don't have to shift usage like we do on Agile and Cosy)

However with the latest October price cap announcement for our area I have created spreadsheet tab number 12. Spoke to she who matters most and we have devised our cosy octopus plan of attack taking full advantage of the 6 hours 40% reduction on the price per kWh for elec.

Over the October-December period as an example with the newly released rates we can tailor our usage to average out a 23p/kWh.

So when tracker starts to creep up to that price we will put in our request to move to Cosy.

I think I used the term median wrong lol.

Thanks - makes perfect sense I just read too much into it. Be interesting to hear how you get on.

Pat38493

consumers_revenge said:

Are these trackers actually any good? was considering a swapout from shell.

Thanks.

Certainly it's been good recently.  To add to the other comments, in my region at least there were only about 16 days since the latest tariff was issued at the end of November last year, that the tracker rate was above current cap rate of about 31p, and I think only a few days when the price was higher than the cap that was in force at the time which was higher.

With my usage I would have probably saved around 40% on consumption costs if I had been on tracker the whole time, as compared to Go.  We don't do a lot of miles in our EV so we only charge once a week unless doing a long journey which is not that often.  If you were using all 4 hours at max charging every night, I'm not sure whether Tracker would still have been cheaper then.

The gas tracker behaves similar as well, but I don't have winter data to judge it because the issue there will be that the days the price is highest, will of course be the days when I use the most by a large margin