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Octopus - to switch or stick?

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  • Gerry1
    Gerry1 Posts: 10,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The good news is that, even if you have to replace some old freezers and/or fridges, reduced electricity bills may result in significant overall savings.
    Do come back in due course to tell us how it went !
  • northernstar007
    northernstar007 Posts: 1,036 Forumite
    500 Posts Fourth Anniversary Name Dropper
    edited 24 September 2024 at 5:00PM
    again this 15 mth fix price for gas has been lowered i now really am thinking of jumping on this now
    North East 5.52p
    looking at tracker for today on the latest rate is 5.23p and my contract is up in nov on original tracker so i'm going to get a hike no matter what 

  • Stubod
    Stubod Posts: 2,578 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    THAAWT said:
    The thing that put me off with UW was needing a smart meter, we've managed to not have one yet and preferably don't want one

    ..why...whats wrong with smart meters ...???
    .."It's everybody's fault but mine...."
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 24 September 2024 at 6:27PM
    THAAWT said:
    I'm currently with Octopus Flexible
    electricity - 23.13p per kwh
    gas - 5.41p per kwh

    standing charges
    electricity - 54.83p per day
    gas 28.88p per day

    if i fix for 15 months with no exit charge:
    electricity - 24.27p per kwh
    gas - 5.65p per kwh

    standing charges
    electricity - 55.79p per day
    gas - 29.34p per day

    Can anyone advise please - i'm useless with things like this.  Or is there another company i should swap to?

    Really appreciate your advice :)
    EDF offering 12 month fix matching current energy cap - £25/£50 cashback for single/dual fuel switch via Topcashback


  • kuepper
    kuepper Posts: 1,494 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 September 2024 at 1:32AM
    I switched from Octopus Flexible to BGas 12m fixed v15 last week. There's a 14 day cooling off if I change my mind and no exit fees if I move to a cheaper BGas tariff so I've just switched to v16 to save another few quid. I'm a low user and BGas switch was £60 pa cheaper than what Octopus Flexible rate is now nevermind what it'll be in October. I switched via USwitch at Top Cashback so should get £36 for using that too so altogether a no-brainer for me.
  • kuepper said:
    I switched from Octopus Flexible to BGas 12m fixed v15 last week. There's a 14 day cooling off if I change my mind and no exit fees if I move to a cheaper BGas tariff so I've just switched to v16 to save another few quid. I'm a low user and BGas switch was £60 pa cheaper than what Octopus Flexible rate is now nevermind what it'll be in October. I switched via USwitch at Top Cashback so should get £36 for using that too so altogether a no-brainer for me.
    £42   British Gas Energy Cashback Discounts, Offers & Deals (topcashback.co.uk) or £75 Amazon dual fuel via friend referral
  • kuepper
    kuepper Posts: 1,494 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 September 2024 at 10:58AM
    kuepper said:
    I switched from Octopus Flexible to BGas 12m fixed v15 last week. There's a 14 day cooling off if I change my mind and no exit fees if I move to a cheaper BGas tariff so I've just switched to v16 to save another few quid. I'm a low user and BGas switch was £60 pa cheaper than what Octopus Flexible rate is now nevermind what it'll be in October. I switched via USwitch at Top Cashback so should get £36 for using that too so altogether a no-brainer for me.
    £42   British Gas Energy Cashback Discounts, Offers & Deals (topcashback.co.uk) or £75 Amazon dual fuel via friend referral
    I couldn't find any TC offer for BGas when i searched TC but when you follow that link it goes down to £34 anyway so less than USwitch
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 September 2024 at 11:07AM
    kuepper said:
    kuepper said:
    I switched from Octopus Flexible to BGas 12m fixed v15 last week. There's a 14 day cooling off if I change my mind and no exit fees if I move to a cheaper BGas tariff so I've just switched to v16 to save another few quid. I'm a low user and BGas switch was £60 pa cheaper than what Octopus Flexible rate is now nevermind what it'll be in October. I switched via USwitch at Top Cashback so should get £36 for using that too so altogether a no-brainer for me.
    £42   British Gas Energy Cashback Discounts, Offers & Deals (topcashback.co.uk) or £75 Amazon dual fuel via friend referral
    I couldn't find any TC offer for BGas when i searched TC but when you follow that link it goes down to £34 anyway so less than USwitch
    For benefit of subject higher rates shown when not logged into Topcashback which suggests for those who pay £5 annual fee ( Plus members)
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