Octopus keeps prices virtually the same from 1 July

astroL

I received an email from Octopus just 10 hours before the new prices came into effect.  Instead of there being any reduction in my IOG tariff, the unit prices remained identical!  A penny or so was shaved off the standing charge - giving a total reduction for the year of £7 on my electricity bill.

Those who see a price drop of 7% can count themselves very lucky.

Netexporter

Why are you surprised? Ofgem only set the SVT price. Suppliers are free to charge what they like on other tariffs.

born_again

2.029p saving on standing charge here on IOG.
Not bothered about unit rates going down, given a monthly average unit cost between 15 & 12p kWh. Which  is well under any variable tariff & at a guess any fixed tariff.

QrizB

born_again said:

2.029p saving on standing charge here on IOG.
Not bothered about unit rates going down, given a monthly average unit cost between 15 & 12p kWh. Which  is well under any variable tariff & at a guess any fixed tariff.

^ This. IOG is, comparatively speaking, a bargain.