Associate
im in debt over 4k with octopus absolute joke the prices.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Soldato
From homeWhere the hell do you work?
How on earth does that happen?
Soldato
Please do tell how you let this happen
If you don't have smart meters, get them installed soon. Their regular readings are one of the good things about them, as these can help stop you falling into debt because you're always seeing regular bills which are accurate - providing the smart meters work, of course!
Without regular readings and checking that your bills aren't based on estimated readings, I'm struggling to see how you could fall into such a large amount of debt.
How!?
Associate
Must be paying for the whole street
Prices are set by the market. Octopus have always seemed competitive from what I see. £4k debt suggests you have not being paying your bill for about 2 years (assuming its domestic). Perhaps you should shelve buying that £250 watch you were looking at
Anyway I hope you are recovering from your bike fall.
Soldato
- Joined
- 16 Aug 2009
- Posts
- 7,961
Got a phone call out of the blue they're going to come and fit a smart meter in a couple of weeks, amazing. Now I just need OR to say they're going make FTTP available and I think I'll fall over
Soldato
I'm not switching, although I'm talking purely electric as we don't have gas.
It has been a bit over last few weeks, one day in particular it was nearly 30p but....... Most days only a few percent, which in real money term isn't a great deal, I think overall it's still been better.
Admittedly it's been a while but today for example it's actually under svr by 6%.
I'm gonna see how long I can ride it out hoping that comes April when the weather gets better prices might drop, we'll see.
Fixed with Scottish Power as they offered me £100 to move to fixed from variable. Can swap back to variable at any point so free £100. They are really pushing me for a smart meter but so far held them off. No way I’m giving up my economy 7 meter being the wrong way, 4 years now since I told them about it and they said I was wrong
You might want to consider getting it swapped - call it cashing out - as once they have done the swap there will be no way of correcting their error and coming after you for the difference…
Soldato
Some people are panicking at the first sign of higher rates and switching from tracker. I’m not - I saved so much over the rest of the year that it doesn’t matter if a few days or weeks even are at higher than SVR on either gas or electricity. That’s the whole point of the tracker.
Last edited:
They can only come after me for the last 12 months anyway. At some point I will have to get a smart meter but for now I’ll just leave it alone.
Looks like a 1% rise in Jan.
Energy prices forecast to rise again in January https://www.bbc.com/news/articles/cly2xdyexkdo
Energy prices forecast to rise again in January https://www.bbc.com/news/articles/cly2xdyexkdo
Associate
Still with Agile though the last 3 weeks or so have been painful, I'm willing to stick it out another month.
The Tomato Energy Lifestyle Tariff still looks awfully tempting.
The Tomato Energy Lifestyle Tariff still looks awfully tempting.
That is what I had hoped for, for the prices to return to pre-Autumn 2024 price rises. They might not fall down as far, but hopefully it'll still be cheaper than locking into a more costly tariff for 12 months.
Fixing before the most recent price rise was the play, for gas at least its worked out pretty well this year. No exit fees with Octopus made it a no brainer.