Octopus April fixed tariff rates email

MikeJXE

So now we have it

Octopus have now started to send out the new rates to those of us on fixed tariff and explaining how the war is affecting us

cannugec5

I’ve not had an email yet!
I’m quite keen to see the rates for my Cosy Octopus fixed.

Alnat1

https://forums.moneysavingexpert.com/discussion/comment/81923285#Comment_81923285

Me too! Not expecting much off the cheap slots though.

sammyjammy

I'm really disappointed that the reduction is off the usage not the standing charge, as always the more you use the more you save, ironic in this day and age with energy. Particular when my understanding is the costs that have been removed were within the standing charge.

debitcardmayhem

https://forums.moneysavingexpert.com/discussion/comment/81923476#Comment_81923476

No, the more you use the more you spend, spending more can never be called saving.

Scot_39

https://forums.moneysavingexpert.com/discussion/comment/81923476#Comment_81923476

none of the budget changes were recouped in the stading charge.

Thats been made clear since budget announced

a component of the whd costs were.

And in the Apr cap - whilst budget moving £133 to taxation, the unnanounced by political fanfare - network costs are increasing £69.

and as of July 24 after £103 added - TCR moves - half the electric standing charge was network costs.

if it wasnt for gas prices dropping - direct wholesale dropping - £55ex vat - the £117 saving would have been halved. Maybe c£60 - not the budget £150

But come July of course when cureent wholesale (post start Iran) comes back to bite us on svt - all tge govt and ofgem extras will still be there - in last 2 + Apr caps - totalling £134.

So the £133 move to taxes actually just about covering govt and Ofgem additions over a 6m period - acrualky a £1 short.

And the costs still exist - so we pay via taxes and business taxes when reflected in retail prices.

sammyjammy

https://forums.moneysavingexpert.com/discussion/comment/81923522#Comment_81923522

Hair splitting, you know what I meant. The government said everyone will get £150 which won't be true at all.

MattMattMattUK

https://forums.moneysavingexpert.com/discussion/comment/81923957#Comment_81923957

The government says lots of things, I am not really sure what your point is.

The actual budget documents detailed what would be removed from consumer energy costs, they are all components of the unit rate, so are no longer being charged.

MikeJXE

According to my new rates, no change in standing charge but small saving on unit rates

There's a good chance I could save as much as £3 before the rise in July kicks in.

One way or another we will pay more

Time2Go_25

https://forums.moneysavingexpert.com/discussion/comment/81923957#Comment_81923957

What was actually said in the budget document was:

The Budget is delivering a package of measures to remove around £150 of costs on average from household energy bills across Great Britain from April 2026.

Hence as an average some will get more and some less, not that everyone would get £150

tfhnota

As long as the government gets a good sound-bite, nothing else matters…