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new octopus 14mth fix

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Comments

  • Telegraph_Sam
    Telegraph_Sam Posts: 2,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Word seems to be going around from Martin Lewis and others that one should submit a meter reading by or on 1st July with the price cap change in mind. I guess this doesn't apply to those on fixed tariffs? Also I can't see the logic in doing so if one is on Tracker or Agile unless I'm missing the point
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • QrizB
    QrizB Posts: 19,175 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Telegraph_Sam said:
    Word seems to be going around from Martin Lewis and others that one should submit a meter reading by or on 1st July with the price cap change in mind. 
    If you're with Octopus (and this is an Octopus thread) and have a smart smart meter, they'll take a reading for the changeover automatically.
    Telegraph_Sam said:
     I guess this doesn't apply to those on fixed tariffs?
    Correct, not relevant to fixed tariffs.
    Telegraph_Sam said:
    Also I can't see the logic in doing so if one is on Tracker or Agile unless I'm missing the point
    Also correct.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    2 corrects, unusual  :)
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    USwitch seem to be making a lot of noise about the new unbeatable Fuse tariff. I crunched a few numbers. In my situation I could save about £71 out of a gas spend of £550, and about £52 out of a elec spend of £832. Against which there is an exit fee of £50 on each fuel. Interesting - but I'm not rushing for the door yet
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    My current tariff is Loyal 14 M Fixed = 22.92 / kWh and 58.46 / day. It has some time to run yet but it would be interesting to know how it is viewed in competitiveness by the expert community on this site. 
    Solar outgoing is 12 M Fixed which looks like it will renew on the same terms as before: 15p
    Gas is on 12 M Fixed 5.73p / kWh and 31.37/day. It has almost a year yet  to run.
    The no exit fee counts for several p/kWh in my book.
    I suppose there is an argument in favour of Fixes as winter approaches.
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • Lorian
    Lorian Posts: 6,327 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 12 September at 7:18AM
    Check latest octopus  gas fix sep v1 
  • Slinky
    Slinky Posts: 11,157 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Be aware that outgoing Octopus is no longer FIXED. It's currently still paying 15p, but could change if Octopus decide to.
    Make £2025 in 2025
    Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
    Total (4/9/25) £1573.21/£2025 77%

    Make £2024 in 2024
    Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
    Total £1410/£2024 70%

    Make £2023 in 2023 Total: £2606.33/£2023  128.8%




  • Doc_N
    Doc_N Posts: 8,559 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Slinky said:
    Be aware that outgoing Octopus is no longer FIXED. It's currently still paying 15p, but could change if Octopus decide to.
    Very true. And if they reduce that 15p, I’m off to a cheaper competitor. It’s now the only thing keeping me with Octopus.
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I believe that the 15p is in addition to the 24 - 25p FIT generation payment that I get from my previous supplier Scot Power. Together quite an argument in favour of the status quo.
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
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