New energy tariffs April 2025

ehoussemayne

25th Feb Martin suggested fixing prices before 1st April. So I called Octopus.

We have a EV so are on Intelligent Octopus (for cheap overnight charging), at the moment Octopus are telling us there is no plan to increase standard charges on intelligent plans. They have assure me that they will contact us before 1st April if this changes. 

Can this be true, surely standard charges will increase across the board? 

wrf12345

The current money grab is because of high wholesale prices in the last three months so it depends if the tariff you are on reflected that or not, std tariffs did not whilst TOU did.

Keep_pedalling

IOG is a variable rate so you can’t fix it. It is covered by the cap but that does not mean it has to be increased and the day rate is already higher than the standard variable tariff. 

MWT

ehoussemayne said:

25th Feb Martin suggested fixing prices before 1st April. So I called Octopus.

We have a EV so are on Intelligent Octopus (for cheap overnight charging), at the moment Octopus are telling us there is no plan to increase standard charges on intelligent plans. They have assure me that they will contact us before 1st April if this changes.

To translate slightly what the CS staff told you:

The change in the price cap does not mean that the IOG tariff will automatically change.

IOG is a variable tariff so when it does change you will be given advance notice.

Scot_39

The cap is a cap. 

A maximum not a compulsory price.

During the crisis Octopus was one of the suppliers who didn't just automatically pass on a couple of rises - even if that was just for prepay.

huwdaviesllan

I'm on Octopus Intelligent Go and had a call with them now as I want to move onto a fixed rate, but using the APP I was only offered a standard economy 7 fixed tariff which pretty much doubled the overnight charging cost of just over 14p instead of the current 6.7p.  

They informed me they have haven't published the intended Intelligent Go but the advisor said that it would likely increase by 6% in-line with the 1st april increase as that's what they did last time. 

They are being a bit slow communicating it to those of us on this EV tariff and its now 3rd March, so I have opted to move over to E.on Next Drive which provides a fix rate for EV on 12 month fixed. So will be leaving Octopus in the coming days... 

The Octopus advisor suggested to just fix the gas and leave the electricity for those of you who want to stay with Octopus. 

QrizB

huwdaviesllan said:

I'm on Octopus Intelligent Go and had a call with them now as I want to move onto a fixed rate

Octopus don't offer a fixed rate version of IOG.

The fixed rate tariffs they do offer are all worse than IOG for most people.

TroubledTarts

I think standing charges for electricity are going down 1st April for those on the price cap. But that doesn't mean that will be reflected on all tariffs.

pete-20-11

TroubledTarts said:

I think standing charges for electricity are going down 1st April for those on the price cap. But that doesn't mean that will be reflected on all tariffs.

The standing charge might increase, it is in some regions for SVR customers. 

But yes, as above, you might not see any price changes straight away with specialist tariffs. They should email everyone before changing the prices. 

I'm looking to move to Intelligent Octopus Flux and I think that follows the SVR by a certain percentage. Something like off peak being 10% less than SVR and peak being 20% over (or the other way around).

I asked if the SC might change on that tariff and they couldn't answer the question, it might happen (read probably would at some point!).