Energy Prices (Strictly NO referrals!)

Alex_6n2 said:
Average TTF Gas futures are now being agreed around the 100EUR/Mwh mark, which is much closer to a fair assessment of the supply/demand balance in Q4 22/Q1 23.
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but those 'futures' are reflecting low demand when countries have already pre-purchased the bulk of the gas they require at much higher prices, the markets sated,
would they be selling at those prices if the UK entered the market afresh trying to prepare for winter. .. so why is it(~2p/unit) a fair assessment
 
Harnser said:
I havent got the email yet but if you go to https://octopus.energy/saving-sessions you can register now
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I never got an email about this either. Gonna go have a read of it now.

Edit: Guess I won't just now. Still waiting on them to fix this issue.

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Harnser said:
I havent got the email yet but if you go to https://octopus.energy/saving-sessions you can register now
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I am tempted to sign up but not sure It is possible to use any less than zero (I already adjust my usage and set my battery to only use the grid when demand is low.

maybe I need to get mining and turn on some 3kw heaters until the 1st of November ;)
 
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jpaul said:
but those 'futures' are reflecting low demand when countries have already pre-purchased the bulk of the gas they require at much higher prices, the markets sated,
would they be selling at those prices if the UK entered the market afresh trying to prepare for winter. .. so why is it(~2p/unit) a fair assessment
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Because energy traders are people, subject to the same panic that a drama filled situation induces

Extra supplies are coming on stream more pro-actively

Germany is 20% down YoY for gas demand (after adjusting for temperature)

Filling storage early and fast was politically mandated which pushed things outside the bounds of "normal" trading behaviour
 
Gammawolf said:
Considering theres a price cap and your current prices are at the cap i don't see how you can be gouged for prices before signing up. Also i'm failing to see how their estimate is miles off your usage - we are just coming into winter and if you are paying £200 a month and going into winter with a balance of £0 then you will be going into deficit with them in the up coming months (or your winter usage is the same as summer which would be very abnormal). Unless you are effectively borrowing money from them by going into deficit in winter and letting summer get you back to £0 (which i would be surprised if they let you do as the energy companies are not in the business of loaning money out).

As said many times, you can switch to variable direct debit. I did it with BG and it took 10 minutes over webchat, they asked for readings, generated a end of period bill and now i just pay for what i've used every month.
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Ah if I'm at the cap then so be it lol! :p I stopped paying that much attention when it all started getting out of hand lol.

Nah not bothering changing anything with them, hopefully moving next month which was also the reason I didn't bother fixing as I saw some ludicrous exit fee's

At one point they wanted over 400 a month, my usage is nowhere near that and after sending them electric readings ever few days they agreed they had no basis for this.
Managed to get then to keep my DD at 200 a month, they then reduced it due to the government bit and wont let me put it back up to 200 :confused:

They can chase me when we leave if they need to lol
 
Harnser said:
I havent got the email yet but if you go to https://octopus.energy/saving-sessions you can register now
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How do you work out my typical energy use?

We’ll look at your historical smart meter data leading up to a Session, and calculate what you usually use at that time of day, on average.

If the Session is on a weekday, we’ll look at your half-hourly usage over the last 10 weekdays (excluding saving session days). If the Session is on a weekend, we’ll look at your half hourly usage over the last 4 weekend days. These half hourly averages are then subject to an ‘In Day Adjustment’ which will make adjustments based on how much energy you’ve used on the day of the session.

We then use these adjusted half-hourly averages as a benchmark – so you’ll earn points for every kilowatt hour you save during your Session.
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Seems to me that if you moved your 'heavy' use to a traditional 'off-peak' time period (morning / evening?) for the time being until the sessions start then you're more likely to be able to drop usage during the sessions and earn points?
 
bigmike20vt said:
I am tempted to sign up but not sure It is possible to use any less than zero (I already adjust my usage and set my battery to only use the grid when demand is low.

maybe I need to get mining and turn on some 3kw heaters until the 1st of November ;)
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How are you still using zero now that the sun is starting to hibernate?
 
Sinbad2000 said:
Sooo, how do I move to Octopus?
I like their innovative thinking, and I'm most likely getting an EV in the next couple of months....
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There is a number on the website you can call up, they can switch you over.

You'll go onto the variable tariff first but can change to other ones after that like Go if you have an EV.

Find a referral code from someone because you split £100 with whoever you get the code from, and you can enter it online once you're setup.
 
HungryHippos said:
There is a number on the website you can call up, they can switch you over.

You'll go onto the variable tariff first but can change to other ones after that like Go if you have an EV.

Find a referral code from someone because you split £100 with whoever you get the code from, and you can enter it online once you're setup.
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Cool, thanks. So they're not going to try to put me onto some inflated fixed tariff if I switch to them? (yeah I know about the EPG, but that's just a discount on fixed tariffs, and could end before the fixed tariff ends)
 
Sinbad2000 said:
Cool, thanks. So they're not going to try to put me onto some inflated fixed tariff if I switch to them? (yeah I know about the EPG, but that's just a discount on fixed tariffs, and could end before the fixed tariff ends)
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Surely asking octopus themselves is a better option it’s their job to know these answers.
 
Sinbad2000 said:
Cool, thanks. So they're not going to try to put me onto some inflated fixed tariff if I switch to them? (yeah I know about the EPG, but that's just a discount on fixed tariffs, and could end before the fixed tariff ends)
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I went onto the standard variable one when I moved over first.

None of the Octopus ones have exit fees as well from what I've seen, so you never seem locked in on inflated pricing at least.
 
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