octopus tracker

spot1034

The circumstances of the past year are not going to be repeated in the next, where tracker has been reflecting a present day wholesale price that has fallen a long way below where it was when the SVT was set. 

PennineAcute

spot1034 said:

The circumstances of the past year are not going to be repeated in the next, where tracker has been reflecting a present day wholesale price that has fallen a long way below where it was when the SVT was set. 

That maybe so, but (unless Russia/Ukraine or Israel/Iran mess it up) it does look like they have now stabilised.  If so, prices should be fairly static.

spot1034

I suspect that when Octopus set up this tariff, the intention was not to create something that was pretty much guaranteed to significantly undercut the SVT the whole time. 

JAV39

is there an app where i can compare gas and electric v my tariff? I found the octopus compare which is great for comparing electric but doesnt show gas. The other one i found just gives the daily rate for each

JAV39

Altho doesnt look like a massive saving per week on the new tariff, about £3 in the last 6 days i suppose over a month its £15 (£179 a yr)

bristolleedsfan

spot1034 said:

I suspect that when Octopus set up this tariff, the intention was not to create something that was pretty much guaranteed to significantly undercut the SVT the whole time. 

Octopus set up Tracker tariff before energy cap, prior to energy cap SVR was regarded as rip off tariff, I fail to understand any basis for you suspecting what you have said.

Chrysalis

spot1034 said:

I suspect that when Octopus set up this tariff, the intention was not to create something that was pretty much guaranteed to significantly undercut the SVT the whole time. 

I dont think they anticipated the gap being so big including through the winter hence the algorithm change at start of year.

bristolleedsfan

Chrysalis said:

spot1034 said:

I suspect that when Octopus set up this tariff, the intention was not to create something that was pretty much guaranteed to significantly undercut the SVT the whole time. 

I dont think they anticipated the gap being so big including through the winter hence the algorithm change at start of year.

+ more expensive April version launched, tomorrow some regions E 20.41p ish+ kWh -  Cheapest 12 month fix under 22p kWh

Chrysalis

bristolleedsfan said:

Chrysalis said:

spot1034 said:

I suspect that when Octopus set up this tariff, the intention was not to create something that was pretty much guaranteed to significantly undercut the SVT the whole time. 

I dont think they anticipated the gap being so big including through the winter hence the algorithm change at start of year.

+ more expensive April version launched, tomorrow some regions E 20.41p ish+ kWh -  Cheapest 12 month fix under 22p kWh

Damn, Glad I moved to Agile, but who knows if thats going to get its own changes as well these coming months.

We review the Tracker formula and standing charge every three months, each time the energy price cap updates, to make sure Tracker prices fairly reflect things like taxes and levies, network maintenance and meter rental, as well as energy regulation.

According to reddit users, SC has been bumped on Agile (new signups), but no news on the formula.  I should be ok for a year at least as Octopus have gone back to 12 month contracts.

stripling

Chrysalis said:

We review the Tracker formula and standing charge every three months, each time the energy price cap updates, to make sure Tracker prices fairly reflect things like taxes and levies, network maintenance and meter rental, as well as energy regulation.

This is a new policy and as I've recently been bounced around various Octopus staff while trying (and failing) to solve a problem, I discovered that not one single member of staff, including seniors, knew anything about it.

I haven't had much reason to contact Octopus specifically about my Tracker tariff for several years so it's been really disturbing (and frustrating) to discover that even after all these years and lots of new customers joining up, most staff still don't understand Tracker outside of a superficial paragraph and a couple of T&Cs links...  🤦🏻‍♀️