Octopus Go Fixed and Intelligent Drive Pack

shanecb

How old is your solar system?

Mine is roughly 4.6 billion years old 

Qyburn

shanecb said:

Out of interest why wouldn't people fix? It's a couple of button presses and gives stability over a year. The only downside I can see, is I'm not sure what tariff you go back on to after the 12 months is up?

The small daytime rate saving won't make any difference for us, but there's a benefit in getting the cheap rate guaranteed for 12 months. Against that, there's the £25 exit fee.

shanecb

Thank you. I don't suppose you or anyone knows what happens after the 12 months is up? I.e. what you revert to?

MWT

shanecb said:

Thank you. I don't suppose you or anyone knows what happens after the 12 months is up? I.e. what you revert to?

I would expect that you would need to chose to go onto the variable version, take a new fix if one was available, or revert to the SVT like any other fix.

born_again

shanecb said:

Existing Intelligent Octopus Go user...I'm interested in Intelligent Octopus go fixed too. I know it's only 1p off the daily rate, but with a hot tub that might be worth it for me.

Out of interest why wouldn't people fix? It's a couple of button presses and gives stability over a year. The only downside I can see, is I'm not sure what tariff you go back on to after the 12 months is up?

What am I missing?

The saving is not worth it. @ best £2 month. But with summer coming usage does go down. 
Given the comment in the email "Thanks to a wholesale price dip". Who is to say that the next price cap will not go down. Making the std tariff cheaper.
While I get the stability over a year, I also factor in savings. It needs to be worthwhile. Which in this case to me it is not.

Just my take. 

blueste

born_again said:

shanecb said:

Existing Intelligent Octopus Go user...I'm interested in Intelligent Octopus go fixed too. I know it's only 1p off the daily rate, but with a hot tub that might be worth it for me.

Out of interest why wouldn't people fix? It's a couple of button presses and gives stability over a year. The only downside I can see, is I'm not sure what tariff you go back on to after the 12 months is up?

What am I missing?

The saving is not worth it. @ best £2 month. But with summer coming usage does go down. 
Given the comment in the email "Thanks to a wholesale price dip". Who is to say that the next price cap will not go down. Making the std tariff cheaper.
While I get the stability over a year, I also factor in savings. It needs to be worthwhile. Which in this case to me it is not.

Just my take. 

I agree with this, a 1p reduction isn't worth fixing considering the predicted outlook for the price cap. The forecast is a slight drop in the Summer and then a slight increase in winter, that was before Trumps tariffs which could see a drop in energy prices with a weaker economy. Overall I'm not seeing anything worrying enough in the next 12 months that tempts to me to lock in on this deal.