Energy Prices (Strictly NO referrals!)

the shadow said:

Average price cap forecasts fall as Ofgem revises definition of typical energy consumption - Cornwall Insight

www.cornwall-insight.com www.cornwall-insight.com
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Yet another reason they need to stop this average nonsense.

There will be many ignorant of this seeing the lower number (caused by the revised typical usage) as a drop in cost.

Just quote unit rates and SC.

My elder sister thinks the whole energy cost increase is a scam, because her pre pay costs didnt go up, I couldnt explain why they didnt go up as she could have dropped her usage, faulty meter or whatever, but it was impossible to explain to her that the actual unit prices and SC changed on newer tariffs, she just wasnt listening, and she was simply not thinking rationally, in the end I had to leave it for what it is.
 
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darkgen said:
Tomorrows Agile average is ~10pence per unit. Would the tracker price not also be similar or perhaps cheaper still? Otherwise, Agile is the better bet, no?

I wonder if there are any historical daily graphs showing the comparison between Agile average and Tracker anywhere.
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When wholesale cost is really low Agile will win out a bit, Tracker has an advantage at higher wholesale rates which grows the higher it gets on its formula.

Although Agile has the advantage it will allow you to load shift to reduce costs based on time of day. If you have a heavy peak hour use e.g. kids usage after school then tracker would probably be ideal all the time over Agile.

On average in recent months Tracker has typically had a 1-2p avg unit rate advantage for the day.

energy-stats.uk

Octopus Tracker East Midlands | Energy Stats UK

View historical tariff data for Octopus Tracker East Midlands. Claim £50 of free credit when joining Octopus Energy.
energy-stats.uk energy-stats.uk
energy-stats.uk

Octopus Agile East Midlands - Energy Stats UK

View Smart Meter tariff data and graphs that easily show how you could save money using Time of Use tariffs. Get £50 of free Octopus Energy credit.
energy-stats.uk energy-stats.uk

Just be aware this assumes a 35p agile tariff capped at EPG rates for agile, tracker doesnt seem to have same assumptions. 1st July will likely show higher peak rates for agile, they should probably assume 100p cap on its graphs as thats the only Agile tariff available now.
 
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ci_newman said:
Ooof, negative pricing on Agile tomorrow! Get those immersion heaters and hot tubs working for reducing those bills this month!!
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I think that you are joking but burning energy to reduce bills is not in the interests of climate change methinks.
;)
 
My Tarrif has come down

Prices follow wholesale costs

DAY RATE NIGHT RATE
38.72 p/kWh 16.39 p/kWh
STANDING CHARGE
45.66p/day

Day and Night Rate were much higher previously
 
Fire Wizard said:
5.5hr's of free electricity? I am only seeing 6 half-hour slots with negative pricing and 1 where the price is 0. Or am I reading it wrong? :p
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Well it averages out at free yes. One period is 0.88 but a later one is -1.10. Anyway. Tomorrows gonna be car charging day I think
 
Simon said:
Its wind. 13GW tomorrow morning so tomorrows gonna be even more free electric (-6p /kWh)
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Yeah I have a light wind here, that means in the coastal areas there must be a fair amount of it.

Tracker is slightly over 13p, the 6 hours of free electric on agile is good news.
 
One More Solo said:
This windy weather is a PITA but at least now there’s an upside if you’re on the tracker.
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Tell me about it! We're on Octopus Agile and we've got 5 hours of negative pricing today. Feels slightly better doing laundry today if you know you're being paid to do it!
 
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Quick question, just had the email to confirm I’m ready to switch to Octopus tracker, before I do, is it still a no brainer if I’m on their flexible fixed tariff from February?
 
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