Octopus Fixed Tariffs 2026

What_time_is_it

https://forums.moneysavingexpert.com/discussion/comment/81910288#Comment_81910288

I hope you are right.

I’ve had a second email from Octopus basically saying that my fixed rate will not change on 1st April and remains at the same level for the entire duration on the contract.

I think, and hope, that the person at Octopus emailing me is mistaken.

Lorian

It's almost certainly their deluded AI replying to you not a person. Wait and see. Tell Gregg he lied if it doesn't drop.

2010

One thing for certain, no matter how high prices go up, they'll take a whole lot longer to come down and not back to recent levels either.

gpman

https://forums.moneysavingexpert.com/discussion/comment/81910833#Comment_81910833

I've now watched this video from yesterday, and there doesn't appear any text splashes correcting what Greg says this time.

In reference to early exit fees, he says it is to allow Octopus "to continue to keep offering fixed tariffs even when other companies have stopped doing so" (2:38)

Save for Ovo Energy, does anyone know of any other energy supplier who has stopped offering fixed tariffs recently? As far as I can see, most suppliers are still offering fixed rate tariffs, many of which are cheaper than Octopus offerings, and not many have sought to increase the early exit fees.

As for his rather simplistic description as to why energy suppliers have increased prices recently, I'll hold my counsel for now.
It may fool the masses, but, well, lets just say there was someone out there, just before Trump attacked Iran, who was buying wholesale gas for delivery Winter 2028 at a price barely above what it was before Putin invaded Ukraine.

MWT

https://forums.moneysavingexpert.com/discussion/comment/81911647#Comment_81911647

It may fool the masses, but, well, lets just say there was someone out there, just before Trump attacked Iran, who was buying wholesale gas for delivery Winter 2028 at a price barely above what it was before Putin invaded Ukraine.

Not sure how that is relevant to anything in Greg's update as the currently available fixes only cover at best up to winter 2026.

Any prudent supplier is going to buy ahead to cover their anticipated demand, and they will have bought for summer/winter 2026 quite some time ago, what they do not want is to have to buy now for new summer/winter 2026 contracts beyond their anticipated demand at the increased rates, and then have those people jump off half way through, hence the exit penalties.

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/81911647#Comment_81911647

At the time of his video, British Gas were not offering fixed rate tariffs, Eon were not offering 12 month fixed rate or in fact any fixed tariffs via its own website, EDF as you know 1 year fixes appear and disappear, rinse and repeat.

"Save for Ovo Energy, does anyone know of any other energy supplier who has stopped offering fixed tariffs recently"

gpman

https://forums.moneysavingexpert.com/discussion/comment/81911723#Comment_81911723

In regards to your first paragraph, think about it especially in regards to your second paragraph.

Try not to conflate that with the separate issue about early exit fees.

gpman

https://forums.moneysavingexpert.com/discussion/comment/81911746#Comment_81911746

Wow,. so he got the video out in the few minutes (hours ?) the other suppliers were updating their offerings?

Perhaps he needs to update us all? A text flash on the existing video will do. We know Octopus can do that.

I was first made aware of the video when @Lorian posted it here yesterday at 4.10pm. When I checked at about 6pm yesterday (my first opportunity after seeing the post) BG and Eon were offering fixed rate tariffs. I only actually viewed the video this morning, yesterday I only listened to it, I didn't want to make the same mistake as I did with a previous Greg video where there was a text correction on screen correcting what Greg actually said.

As for EDF, I think that was a one off, overnight hiccup, possibly caused by a re-think over what the new fixed tariff was to be. They took it off sale very late one evening (before the video) without a replacement. It was back on sale the following morning. (before the video). It was replaced later that day (before the video). It was still on sale after the video.

Or are you referring to other EDF instances I am unaware of?

Edit: just double checked at 12:06h today, BG still offering a 12m fixed rate tariff

Fixed Tariff Mar27 v2

MWT

Keep in mind that the risk is in new fixed contracts which were not anticipated in previous estimates, used for purchasing energy futures, so using the lever of exit fees to reduce the risk inherent in allowing new fixed contracts to be taken makes sense.

Nothing you have said explains why you seem to feel there is something involving "fooling the masses"…

Perhaps you might care to expand on that…

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/81911757#Comment_81911757

You can see reported comment from B.G albeit B.G added fixed rate today, unlike Octopus where exit fees apply to change of tariff, British Gas customers can subsequently change to another B.G fixed rate no charge.

https://www.thesun.co.uk/money/38422601/axe-fixed-deals-iran-british-gas-ovo-scottish-power/