Octopus Tracker

Apollo22

I am confused by this.  I have a smart meter and am the V2 2025 fixed tariff till February. However according to the energy tracker, its more expensive than some variable tariffs. 

People seem to have got good results with the old tracker but the new one is more expensive.

Does anyone have any thoughts. I have a 3 bed semi detached home but single occupancy.

cheers

FlorayG

Check your costs against the prices from October. I've just fixed mine and was told it will be a little bit more expensive for this month but definitely cheaper once the price cap rises

Largs

Is there a reason why you have not asked this on the tracker thread?

Qyburn

I don't see a problem asking a specific question in a separate thread. The answer to the question is that Tracker is absolutely not guaranteed to always be cheaper than standard variable rate. It's not even guaranteed to ever be cheaper. 

It has been cheaper in the past and people join hoping this will continue, yet also accepting that it is their risk.

This is why I've never been comfortable seeing it promoted on here as a sure-fire money saver, sometimes to people clearly tight for cash.

FreeBear

Qyburn said: The answer to the question is that Tracker is absolutely not guaranteed to always be cheaper than standard variable rate. It's not even guaranteed to ever be cheaper.

The unit cost can rise to £1.00 per kWh for electricity, and 30p for gas. So potential for rates to rise well above OFGEM's price cap. Electricity got pretty close to price cap last week (I think it went over for some new signees).

If you want stability and a guaranteed price, tracker is not for you. On the other hand, if you can cope with the spikes, there is a potential saving to be had.

bristolleedsfan

Apollo22 said:

I am confused by this.  I have a smart meter and am the V2 2025 fixed tariff till February. However according to the energy tracker, its more expensive than some variable tariffs. 

People seem to have got good results with the old tracker but the new one is more expensive.

Does anyone have any thoughts. I have a 3 bed semi detached home but single occupancy.

cheers

I have never seen a Octopus Tracker version called v2 2025

Current version is called  Octopus Tracker July 2024 v1

Apollo22

bristolleedsfan said:

Apollo22 said:

I am confused by this.  I have a smart meter and am the V2 2025 fixed tariff till February. However according to the energy tracker, its more expensive than some variable tariffs. 

People seem to have got good results with the old tracker but the new one is more expensive.

Does anyone have any thoughts. I have a 3 bed semi detached home but single occupancy.

cheers

I have never seen a Octopus Tracker version called v2 2025

Current version is called  Octopus Tracker July 2024 v1

cheers all, my current tariff is v2 2025. I think I will see my consumption in October and then decide. I also travel a lot for work so am not sure it will make a difference.

noitsnotme

bristolleedsfan said:

Apollo22 said:

I am confused by this.  I have a smart meter and am the V2 2025 fixed tariff till February. However according to the energy tracker, its more expensive than some variable tariffs. 

People seem to have got good results with the old tracker but the new one is more expensive.

Does anyone have any thoughts. I have a 3 bed semi detached home but single occupancy.

cheers

I have never seen a Octopus Tracker version called v2 2025

The OP said they’re on a fixed tariff, not the Tracker.

bristolleedsfan

noitsnotme said:

bristolleedsfan said:

Apollo22 said:

I am confused by this.  I have a smart meter and am the V2 2025 fixed tariff till February. However according to the energy tracker, its more expensive than some variable tariffs. 

People seem to have got good results with the old tracker but the new one is more expensive.

Does anyone have any thoughts. I have a 3 bed semi detached home but single occupancy.

cheers

I have never seen a Octopus Tracker version called v2 2025

The OP said they’re on a fixed tariff, not the Tracker.

Octopus fixed tariffs will not get called/titled 2025 until 2025.

Loyal Octopus 12M Fixed February 2024 v2 ( fixed rate term would end during 2025 ........

Majority of Tracker customers are on 12 month fixed term until February 2025

noitsnotme

bristolleedsfan said:

noitsnotme said:

bristolleedsfan said:

Apollo22 said:

I am confused by this.  I have a smart meter and am the V2 2025 fixed tariff till February. However according to the energy tracker, its more expensive than some variable tariffs. 

People seem to have got good results with the old tracker but the new one is more expensive.

Does anyone have any thoughts. I have a 3 bed semi detached home but single occupancy.

cheers

I have never seen a Octopus Tracker version called v2 2025

The OP said they’re on a fixed tariff, not the Tracker.

Majority of Tracker customers are on 12 month fixed term until February 2025

The OP did say they have a "fixed tariff till February" so looks like they just got the name wrong.

Apollo22 said:

I have a smart meter and am the V2 2025 fixed tariff till February.