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Well that was a short drop in prices...
Thank you Octopus IOG tariff.
April Price drop
Now informed May increase.
So prices re now higher than pre April drop 🤣
Suppose bright side is off peak is a fraction cheaper 😜
Comments
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I'm surprised that wholesale-based TOU is holding up as well as it is.
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Was pretty surprised to receive the email so shortly after the price drop one!
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Agile is working well for me though. Ask me again in November!
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No email come my way yet. As 98-99% of my usage is at the night rate, even if I do get an increase to 6.9p, i’ll still be better off than I was in March.
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Look on the bright side, at least the export rates go up too!! Err….. guess they won’t.
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Managed to lock in the November 2025 tariff for when my last fixed ran out at the end of January. Beat the increases over Christmas and the latest turmoil. Fingers crossed that prices fall again as we head in to winter.
Any language construct that forces such insanity in this case should be abandoned without regrets. –
Erik Aronesty, 2014
Treasure the moments that you have. Savour them for as long as you can for they will never come back again.0 -
had the same email although my peak rate has gone up a lot. Also I though my standing charge increase was taking the mick but in comparison to the one shown here I’ll stick. The letter blamed Iran for the increases but should this be the blame for standing charges too?
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The email did cover the standing charge change…
To help keep this unit rate increase as low as possible, we’ve moved more of Ofgem’s grid costs to standing charges, which are increasing by around 52p a month on average. We already think standing charges are too high and need to come down, but because a typical Intelligent Octopus Go customer uses more than twice the electricity of a typical home, shifting these costs off the unit rate does save you money overall.
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Within 14 minutes of the price rise email coming through I have initiated a switch to the Eon EV tariff, it works out around £1 cheaper per month compared to the price rise for me and is fixed for 12 months, around £100 a year cheaper than the Octopus intelligent go fix tariff too!
I am sure Octopus will increase the variable intelligent go tariff in June too which was also why I switched over to Eon
I regret not switching in March prior to Octopus announcing the price decreases but was hoping the price of the variable tariff was going to drop more than it did.
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struggling to understand why they think an IOG customer would use more than double a standard customer. They must have a lot of customers with multiple EV and heavy mileage….taxi?? They shouldn’t cast such a broad assumption. My EV charging has increased my usage by less than 10%
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