Energy Prices (Strictly NO referrals!)

[Varys]

I'm on Agile Octopus and my gas and elec usage is fairly low. Is it worth switching to a 16 month octopus fixed tariff?
I've looked into it and can't figure out if it's worth doing as people hardly use much gas from April - October

 

[Relentless81]

I'm on Agile Octopus and my gas and elec usage is fairly low. Is it worth switching to a 16 month octopus fixed tariff?
I've looked into it and can't figure out if it's worth doing as people hardly use much gas from April - October

Exactly what I asked earlier today. I think I'm just going to Fix, they reckon it'll go up again before next winter.

 

[Uther]

Exactly what I asked earlier today. I think I'm just going to Fix, they reckon it'll go up again before next winter.

Fix and start humming that 'don't worry be happy' tune.

 

[Relentless81]

Fix and start humming that 'don't worry be happy' tune.

I'll fix but not happy enough to break out the happy tunes, really irks me at how obvious this is. Summers coming so hike the prices, those yachts don't pay for themselves

 

[Uther]

I'll fix but not happy enough to break out the happy tunes, really irks me at how obvious this is. Summers coming so hike the prices, those yachts don't pay for themselves

Yeah we're getting fleeced but what can you do.

 

[Angst]

Fixed my gas at 5.35p last summer, certainly feel I made the right choice.

 

[b0rn2sk8]

I'll fix but not happy enough to break out the happy tunes, really irks me at how obvious this is. Summers coming so hike the prices, those yachts don't pay for themselves

energy prices don't really go down in the summer.

 

[Gredawarha]

It would be a very rare case that you would need to fully charge every day, and would suggest that you may have under specced the range needed if that’s the case.

It’s not 100% reliable but it’s not impacted us and 3 times a week we use 80-90% of the battery on a single day.

Thanks, yes we probably will only occasionally be charging the car from a very low level and in some way that was why I was thinking GO would be simpler and would work for us, just curious to understand why Intelligent GO might be a better choice.

 

[Relentless81]

energy prices don't really go down in the summer.

I didn't say they did, that's the point, they put them up

 

[stuman]

Thanks, yes we probably will only occasionally be charging the car from a very low level and in some way that was why I was thinking GO would be simpler and would work for us, just curious to understand why Intelligent GO might be a better choice.

If you have a qualifying charger / car and don’t need a 100% guaranteed charge, the intelligent go is the way forward.

 

[Gredawarha]

If you have a qualifying charger / car and don’t need a 100% guaranteed charge, the intelligent go is the way forward.

Thanks, looking at getting an Ohme epod which, if I have understood correctly is compatible. Starting to have a better grip of how it works and think maybe Intelligent GO is the way forward.

 

[Valo]

I called Octopus last week to enquire about moving from Gas Tracker (April 2024) to a Fix.

Current Octopus fixed tariff quote for me is:

Unit rate:6.25 p/kWh
Standing charge:29.74 p/day

16 Month Fix. However I'd loose the ability to move back to Tracker for 9 Months since I'm moving tariff early.

I’m guessing it’s worth moving to the fix now the price cap increase has been confirmed and announced?

 

[reef]

It has gone under the radar a bit, but there's a drop in the electricity standing charge in this new price from 1st April, from an average of 60.97p to 53.80p. For us here, it's around 10p which is quite welcome after the hikes in recent years.

 

[Trig]

I've gone fixed now, see what difference it makes.

 

[jpaul]

LOL climate committee today - remove the 8%~£140 green levy in the electricity bill that is financing the subsidised(non-income tested) heat pump install the govt provides

The cost of electricity also needs to come down – for example by removing green policy costs from power prices – to make energy-efficient heat pumps cheaper to run.

And tackling a lack of awareness and misconceptions about the technology will be crucial, the committee said.

The committee pointed to findings from a citizens’ panel it convened which found people “in principle” support the move towards cleaner heating and insulation but have concerns about a range of issues including upfront costs, hassle, noise, reliability and how it would work for renters

..
The committee said its modelling shows that, by mid-century, households would save around £700 a year on heating bills and another £700 on motoring costs, with a switch to electric heat pumps for home heating and electric vehicles (EVs).

 

[Trig]

Mid century, wonder what costs they're expecting us to be paying by then anyway..

 

[Ron-ski]

Rumour has it on the Octopus forum that there's going to be quite a big jump in IOG prices from April

Cheap rate 13.53p
Day rate 32.27p

 

[Minstadave]

Rumour has it on the Octopus forum that there's going to be quite a big jump in IOG prices from April

Cheap rate 13.53p
Day rate 32.27p

That's a big jump if true! Would be better to be on fixed tariff and stop IOG.

 

[b0rn2sk8]

LOL climate committee today - remove the 8%~£140 green levy in the electricity bill that is financing the subsidised(non-income tested) heat pump install the govt provides

It’s mainly financing early solar FIT tariffs and subsidies for early wind farms.

And yea it’s stupid, levy should be on gas because that he thing they want us to stop using.

If you want to make at point, at least get your facts correct.

 

[jpaul]

If you want to make at point, at least get your facts correct.

It's like the road tax .. just because money is taken in under one guise doesn't mean it's not spent elsewhere (potholes)

anyway - posted before https://green-alliance.org.uk/wp-co...iefing-what-should-happen-to-green-levies.pdf

These green levies cover schemes which support energy efficiency improvements,
help vulnerable households with their energy bills and support incentives for
renewable energy. They include:
− The Energy Company Obligation (ECO), where energy suppliers fund energy
efficiency improvements for low income and low energy efficiency households,
recovering the costs through bills. ECO provides £1 billion of funds a year and has
saved low income households £17.5 billion in lifetime energy bills since 2013.
− The Warm Home Discount (WHD), which provides a £140 rebate to households on
pension credit and some low income working age households.
− The Renewables Obligation (RO), which supports large scale renewable electricity
projects by placing an obligation on electricity suppliers to source an increasing
proportion of the electricity from renewable sources.