Energy Prices (Strictly NO referrals!)

MichaelAwkward said:
Why wouldn't you? It was always going to be higher in winter than in summer, that's the whole point. It'll still likely balance out to be cheaper overall than fixing.
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tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.
 
b0rn2sk8 said:
tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.
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Luckily I can shift usage to a certain extent. Yesterday cost me a whole 18p more for the 24 hour period, even though it was 10p/kWh more than the day before.
 
b0rn2sk8 said:
tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.
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gas tracker has been on average 6% cheaper than the capped gas price over the past 30 days, your just looking at the leccy tracker. even the leccy price was on average 5% less than capped price, so still worth staying on it and even more so when on solar and have most of your use covered by that.
 
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I've come off tracker and fixed. I can't see the new tracker rates working out that much cheaper, they took me off pretty much straightaway so no high rate tomorrow now.
 
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Uther said:
Yes but IIRC you can't go back on Tracker for 9 months if you leave.
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Apparently if you let it naturally expire, which for people on the Dec 2023 version should be by end of Feb, then you dont have the cool down.

This was explained to me when I ask Octopus why they didnt start my gas fix immediately.

Decided to let it roll on to mid feb now, given dec 2023 gas tracker is back down to 5.76p.
 
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Puzzled said:
Tomato has a fixed rate of 20.9704p/kWh which seems a bit lower than others. Just don't want to end up with another supplier who goes bust
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Just pay by variable DD and not worry too much about it, Ofgem proven back in 2021 they will make sure is no personal loss.

However I would go lifestyle if you have SMETS2, its really good.

23p standard rate, 14p for two mid peak periods which for me are 9.30-11.30am and 8.30-10.30pm, and 5p off peak 1am to 6am.
 
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b0rn2sk8 said:
tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.
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SVR might even win in an equal market as its profits are capped, whilst Tracker's are not. Octopus are adding a fair bit of margin on Tracker.
 
chrcoluk said:
Apparently if you let it naturally expire, which for people on the Dec 2023 version should be by end of Feb, then you dont have the cool down.

This was explained to me when I ask Octopus why they didnt start my gas fix immediately.

Decided to let it roll on to mid feb now, given dec 2023 gas tracker is back down to 5.76p.
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Mine expires in April. I'm just going to ride it out and see where it is then. It's been very good.
 
chrcoluk said:
SVR might even win in an equal market as its profits are capped, whilst Tracker's are not. Octopus are adding a fair bit of margin on Tracker.
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Seems to me they've evolved the formula to benefit themselves a lot more so people making decisions on tracker will probably have varying views depending on which version they are on.
 
200sols said:
Seems to me they've evolved the formula to benefit themselves a lot more so people making decisions on tracker will probably have varying views depending on which version they are on.
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i hope with the amount of people leaving (inc me) they will reformulate it in the future but they probably wont
the intresting thing is im moving to tomato and IF tracker becomes intresting again i can move back onto it as i have left and come back with electic to octopus and dont have to wait 9 months
 
chrcoluk said:
However I would go lifestyle if you have SMETS2, its really good.

23p standard rate, 14p for two mid peak periods which for me are 9-11am and 8-10pm, and 5p off peak 1am to 5am.
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Are the the two 14p mid peak periods set or are they flexible or regional? (When I looked it was 9.30am-11.30am and 8.30pm-10.30pm)?
 
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200sols said:
Seems to me they've evolved the formula to benefit themselves a lot more so people making decisions on tracker will probably have varying views depending on which version they are on.
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I'm sure that was always the plan, get tons of people moving to them and then change things. Businesses are not charities at the end of the day.
 
I just got £30 compensation (going up to £40) because it took EDF more than 6 weeks to give me my final bill after switching to Octopus.

I just called them up and said "...it has taken you more than 6 weeks to give me my final bill, could I have my compensation please" to which the kind lady replied "Sure, the cheque will be in the post and you should get it within 10 days".
 
MartinPrince said:
Are the the two 14p mid peak periods set or are they flexible or regional? (When I looked it was 9.30am-11.30am and 8.30pm-10.30pm)?
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They change depending on the choices you make when looking at tariffs (work from home, 9-5, night shift etc)

I'll keep them in mind but the thread on money saving expert about them doesn't look promising for their long term survival. But as chrcoluk said the risk is minimal.
 
Warning on the BBC about gas prices, hope we don't reach the tracker gas price cap :cry:

39.42 today for elec, highest i've ever seen it, need this snow to melt.
 
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