Energy Prices (Strictly NO referrals!)

413x said:
Spusu myself. First 3 months were 99p then 4.50.

Whats really ridiculous. I got 45 pounds cashback from quidco as well!

Couldn't believe it paid out!
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The funny thing is most or all of these low cost providers are using mainstream networks that other people are paying a hefty premium for.
 
El Jimben said:
Got the email from Octopus to say how much I'm owed from last Thursday. Despite a whopping 171% increase in consumption, that works out as 2p :D
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Same here 2p. I am over the moon. I didnt adjust my usage though.

At least with this scheme you dont have to keep hitting a button to take part, after the initial registration it is automatic.
 
200sols said:
The Ofgem boss made it sound like they are looking at moving some costs into the unit prices with a decision by the end of the year but with big concern about the most vulnerable using lots of energy who will be hit hard by the changes.
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What I was expecting, a token amount, which will be temporary as it will go up later to pay for all the grid stuff that needs doing.

Ofgem seem to fail to recognise the mistakes they have made in all of this, I think there is numerous ones.

Unrelated but found this is a rtx 4090 video, some reviewers have started mentioning running costs now, and one of them presented this map.

prFNjeF.png
 
I'm on Octopus Fixed May V4 I think their current Fixed is a bit cheaper so asked to be swapped to it. Annoying it doesn't let you do it yourself.
 
chrcoluk said:
What I was expecting, a token amount, which will be temporary as it will go up later to pay for all the grid stuff that needs doing.

Ofgem seem to fail to recognise the mistakes they have made in all of this, I think there is numerous ones.

Unrelated but found this is a rtx 4090 video, some reviewers have started mentioning running costs now, and one of them presented this map.

prFNjeF.png
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We need some smart meter data here from 4090 owners. :D

My smart meter recently started working properly and my shower is the biggest power hog, followed by the oven. :D
 
danlightbulb said:
Yeah absolutely, because there is a premium to buying ahead.

However what Im questioning is the value. Look at all of us on Octopus tracker or similar tariffs, and how much we have benefited from taking the risk on spot prices.

The vast majority of the country have, against this benchmark, been overpaying for months.

And yet Ofgem simply lifts price caps instead of challenging suppliers to beat the forward prices, as we have all been doing.

Ofgem could have kept the price caps the same and challenged suppliers to deliver more effective purchasing arrangements by taking a proportion of risk on spot prices.
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They could only match the pricing by doing what caused a load of providers to go bust at the start of the crisis, which would be to sell fixed to the customer whilst buying via spot pricing, then what happens if spot pricing goes above the fixed they have sold?

If you want spot pricing you need to be prepared to take that bit of risk, and its not much of a risk as the spot pricing tariffs have no obligation to stay on them.
 
sityeuropa said:
Can't beat Agile this year.

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Yeah agile remains cheaper for me compared to what I would be paying on tracker. As soon as they changed the algorithm for tracker, I checked on octopus compare and then moved over. Although not at those level of savings, I am not moving any usage to specific hours other than not using my oven between 4 and 7pm.
 
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