Thinking of joining Octopus, what's the best tariff for me

BellaBlondykeTheThird
Forumite Posts: 10
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in Energy
Lot of Octopus threads here so they must be popular.
What's going to be best for me.
Economy 7 storage heaters and immersion.
Currently with British Gas for the past 4 months since buying this apartment.
What's going to be best for me.
Economy 7 storage heaters and immersion.
Currently with British Gas for the past 4 months since buying this apartment.
0
Comments
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Smart meter or non-smart?
If you have a smart meter you have options to switch between tariffs - for instance, even if none if the smart tariffs would suit, you could be on Economy 7 for the months you need heating and switch to single rate for the other months, unless you have a lot of off-peak usage in summer as well.
But for Economy 7 you should look at rates for all the suppliers to see which would be best during the heating months, based on what your best estimate of what your winter usage might be.0 -
I know some of this yes smart have an I'm home display but not sure it's helpful on E7 and British gas don't seem to know what to do.
No idea of usage yet for winter not had the heating on and previous house was gas for heating and water.0 -
Does the meter show the total amount of electricity units used on each of the two rates? It should be possible to view the numbers by scrolling through the display using the buttons on the meter.
Whilst this won't tell you how much you will end up using, it should give an indication of the previous occupiers usage and the ratio of peak to off peak usage. If the meter has an install sticker on it, this would also tell you how many years/months the smart meter has been in place. Not all smart meters are installed with zero readings on the rate registers, but most are. If you know the number of years teh meter has been there, and the readings, you can calculate the previous owner/s annual usage. Only a guide and not guaranteed to be accurate but it gives you a start point.
As mentioned above the peak and off peak rates do vary by supplier, so you could use the previous ratio of peak to off peak to get some comparisons.0 -
What's going to be best for me.We need more information. Nobody can answer at the moment.
What is your ratio of off peak to peak use? (annual kWh for each would be ideal)
What region are you?
For example, someone with a high ratio of off peak use in Eastern would see EDF be a no-brainer in terms of cost. However, a low off peak ratio would see EDF be more expensive than other suppliers.No idea of usage yet for winter not had the heating on and previous house was gas for heating and water.That is going to make comparisons very difficult unless you have other devices which you use off peak all year round (such as dishwasher, washing machines/tumbles with timers or an PHEV/EV)
LOHR's comment about looking at the difference between peak and offpeak historically is a good one. However, you don't know if previous owners heated the house so it was toasty or kept it lower and wore jumpers. But its probably the best you can do for the moment.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
First thing allowing you are currently with BG, on E7 and have a smart meter is to be absolutely certain that B are charging you correctly and separately for the your day and night use - as there is a known issue for E7 customers who fit this exact set of circumstances! You need to address this now as there is just a possibility that otherwise, come winter, your heating won't work.
Have you double checked that the heaters do actually turn on when they are meant to? If you're not sure of how to do this (as you are new to NSH's) then just ask and we can talk you through.
Is the immersion heating charging correctly - ie you leave it switched on and it just heats up overnight on the cheaper rate? (If this is happening that's a good sign!)🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡SOA CALCULATOR (for DFW newbies): SOA Calculator2023 "Gym Neutral Fund" - £104.46/£280 (Membership taken 01/2/23)🏋🏻♀️ 2023/24 Gym cost per use: at 19/06/23 £20.00 per visit! (14) 🏋🏻♀️she/her1 -
lohr500 said:......, it should give an indication of the previous occupiers usage and the ratio of peak to off peak usage.......If you can see a previous house owners power data useage, while I understand how it works (contract on premises not person) and think it's a good idea, isn't someone someday going to regard it as a breach of their data privacy rights and take it to court?If someone moves house they can retrieve the stash of drugs and p^^n from under the floorboards, but they can't secure the historic data the energy companies hold on them.Sounds like a legal minefield.
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I assume it's because the data essentially "belongs" to the meter, which is not the property of the householder, and therefore it doesn't come under the heading of "personal data"?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡SOA CALCULATOR (for DFW newbies): SOA Calculator2023 "Gym Neutral Fund" - £104.46/£280 (Membership taken 01/2/23)🏋🏻♀️ 2023/24 Gym cost per use: at 19/06/23 £20.00 per visit! (14) 🏋🏻♀️she/her0
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Grizzlebeard said:lohr500 said:......, it should give an indication of the previous occupiers usage and the ratio of peak to off peak usage.......If you can see a previous house owners power data useage, while I understand how it works (contract on premises not person) and think it's a good idea, isn't someone someday going to regard it as a breach of their data privacy rights and take it to court?If someone moves house they can retrieve the stash of drugs and p^^n from under the floorboards, but they can't secure the historic data the energy companies hold on them.Sounds like a legal minefield.0
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Well that will teach me to let hubby do all the boring tasks. (Serves him right)
Smart meters found and pressed all the buttons.
As far as I can tell it's been in for two years 6 months and used 9500 total of which 6175 night and the rest day.
I have tested the storage heaters and they seem ok they look fairly new Dimplex Quantum.
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Dolor said:Grizzlebeard said:lohr500 said:......, it should give an indication of the previous occupiers usage and the ratio of peak to off peak usage.......If you can see a previous house owners power data useage, while I understand how it works (contract on premises not person) and think it's a good idea, isn't someone someday going to regard it as a breach of their data privacy rights and take it to court?If someone moves house they can retrieve the stash of drugs and p^^n from under the floorboards, but they can't secure the historic data the energy companies hold on them.Sounds like a legal minefield.
Indeed, you won't be allowed to think it because the thought police will be after you.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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