new octopus 14mth fix

vic_sf49

I've just spotted a new Loyalty fix, that's better than this general fix for Electric. Didn't see that yesterday.

Rates for East Midlands....

WibbleBaaaaaa

Glasgow getting shafted once again, as up here it is 55p sc and 24 kwh, BUT!!!  British gas are offering 16 months at 51p and 22p kwh, so octopus are the more expensive in Scotland now, and i never thought i would say the words Britsh gas are the cheaper option.

The world is truely upside down. lol

HillStreetBlues

WibbleBaaaaaa said:

Glasgow getting shafted once again, as up here it is 55p sc and 24 kwh, BUT!!!  British gas are offering 16 months at 51p and 22p kwh, so octopus are the more expensive in Scotland now, and i never thought i would say the words Britsh gas are the cheaper option.

The world is truely upside down. lol

Think your post might be a couple of weeks early

Telegraph_Sam

My conclusion is that being "loyal" is hardly worth writing about - fractions of a p difference compared with the 'Non Loyal" General fixes. Please say if there are exceptions in your area

Telegraph_Sam

Great fanfare about the latest Eon Fix being the cheapest on the market. I was dubious about it on account of the exit fee vs Octopus, but it looks like I stand corrected as far as the Eon Next Pledge Tracker (??) 12 M v 7 is concerned (no exit fee). The quote I got is for 22.58 p / kWh compared with 23.66 for the Octopus 14 M, and SC 72.09 vs 70.05 p / day for the latter.  They reckon on a saving of 2 p / day overall - and that would take no account of my export "earnings" from Octopus. For such tiny differences, unless I have missed something (Eon CS?), I think I'll leave it aside.
But British Gas was noticeable by its absence from the search engine I used [Free Price Compare]. The devil is in the detail north of the Border.

bristolleedsfan

Telegraph_Sam said:

Great fanfare about the latest Eon Fix being the cheapest on the market. I was dubious about it on account of the exit fee vs Octopus, but it looks like I stand corrected as far as the Eon Next Pledge Tracker (??) 12 M v 7 is concerned (no exit fee). The quote I got is for 22.58 p / kWh compared with 23.66 for the Octopus 14 M, and SC 72.09 vs 70.05 p / day for the latter.  They reckon on a saving of 2 p / day overall - and that would take no account of my export "earnings" from Octopus. For such tiny differences, unless I have missed something (Eon CS?), I think I'll leave it aside.
But British Gas was noticeable by its absence from the search engine I used [Free Price Compare]. The devil is in the detail north of the Border.

       Firstly Eon Next Pledge Tracker is a variable rate tariff, £50 below price cap based on dual fuel, reduction unit rates.

      Secondly Octopus 58.46 p/day  and Eon Next 55.49 ( less than 24 months) current fixes reflect lower standing charge transmission costs for North East.   

  

Telegraph_Sam

Yes that is what confused me. A "tracker tariff" should by definition be variable but I saw it the Eon Next Pledge under a fixed classification. I must check the comparison of SC's again since I found different figures.
There comes  a  s*d it point when you decide to just continue with the devil you (think you) know.

Slinky

To be honest, I would need to have significant savings to tempt me away to another supplier. I like how easy it is to see exactly how much I'm using, plus the solar export is credited to my account each month unlike some others.

GSD5765

northernstar007 said:

Slinky said:

For crying out loud, where have Octopus hidden the change single tariff option? I find their website hard to navigate sometimes!

www.octopus.energy/dashboard/accounts/account number/tariff-renewal/#/

stick your acc number where i've put "account number"

Thanks so much for this link. 
I couldn't find where to look in my account so emailed them. Got a link sent to me so that I could swap from my 16th mth fixed which ends at the end of May. This new fixed deal would have started yesterday 19th March.
Logged in via your link and found that I could switch to the new 14th mth March fix from 30th May when my current fix ends.
Brilliant.

Telegraph_Sam

The following thought occurred to me - rather late in the day - in connection with comparing different (fixed) tariffs:
You can compare two different users at the same point in time and in the same geographical region. If the tariff comprises a unit charge and a standing charge, the relative advantage of one tariff over another will also depend on the relative size of consumption which in turn influences the balance between the cost of the units vs that of the cost of the days. The choice of the best tariff for a low consumption user could be different from that for a high consumption user over the same time period. 
If someone can express the above more lucidly please do so (unless you disagree   )