Just bear in mind it more a case of you werent being charged enough by utility point so what your paying now seems like a massive hike but in reality its probably what you should have been paying if utility point hadn't been so reckless with their pricing and business model
Energy Suppliers
- Thread starter craig_t
- Start date
Just bear in mind it more a case of you werent being charged enough by utility point so what your paying now seems like a massive hike but in reality its probably what you should have been paying if utility point hadn't been so reckless with their pricing and business model
Soldato
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- 9,376
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- newcastle
Same here, any idea how much the variable rate is? As the day avro went under I started my switch to sainsburys @22p for electric and 4.5p for gas
Flexible Octopus October 2021 v1
Eco 7 Electricity
Day unit rate:
20.37 p/kWh
Night unit rate:
14.55 p/kWh
Standing charge:
24.46 p/day
Electricity
Unit rate:
19.57 p/kWh
Standing charge:
24.38 p/day
Gas
Unit rate:
3.82 p/kWh
Standing charge:
23.85 p/day
Soldato
- Joined
- 23 Mar 2011
- Posts
- 11,132
Octopus gave me this info RE: flexible rate
Yes, so the current rates for Flexible Octopus are:
Electric
Unit rate 20.11p/kWh
Standing charge 24.11p/day
Gas
Unit rate 3.95p/kWh
Standing charge 23.85p/day
Yes, so the current rates for Flexible Octopus are:
Electric
Unit rate 20.11p/kWh
Standing charge 24.11p/day
Gas
Unit rate 3.95p/kWh
Standing charge 23.85p/day
Soldato
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- 14 Oct 2007
- Posts
- 9,376
- Location
- newcastle
Any idea when that SVR cap will change, trying to work out 9f I should cancel my switch
Soldato
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- 14 Oct 2007
- Posts
- 9,376
- Location
- newcastle
Hmmm, what to do, I have worked it out with my usage I will be £17 per month worse off letting the switch go though, but I have the stability of a 2 year fix with sainsbuys(under the EDF umbrella apparently) so less risk of going under, or save £17 per month for a few months but with a risk of not getting anywhere near the current deal and prices getting even higher as apparently svr cap is unsustainable and will need to be changed soon.
Last edited:
Soldato
- Joined
- 14 Oct 2007
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- 9,376
- Location
- newcastle
No that’s the difference between the new SVR and the new fixed rate, not my current rate with avro I’m going to take a hit of 20% on that, my current price with avro is 16p for each standing charge and 15p for electric and 2.5p for gas
Associate
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- 2 Feb 2020
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- 155
- Location
- UK
These prices are really not great, have to wonder how much longer people can feasibly keep affording these constant increases.
I've not had an email yet, does Ofgem normally transfer the whole of the failed customer base from the failed supplier to the new appointed one? Or do they sometimes split it between muiltple suppliers?
IGNORE: Official Octopus takes Avro customers
https://www.ofgem.gov.uk/publicatio...rs-your-questions-new-supplier-octopus-energy
Deleted User 298457
Deleted User 298457
lol funny they've gone to Octopus. See you again in a week or so when Octopus goes bust
lol funny they've gone to Octopus. See you again in a week or so when Octopus goes bust
I wonder if this is a strategic move for Octopus 'too big to fail' and get some of that sweet sweet government money
Deleted User 298457
Deleted User 298457
How big do you think they are?
Aren't they the biggest after E.on (plus all it's sub brands), Scottish Power, British Gas and SSE. I think bulb and Octopus are fairly similar in size and have around 1.5 million customers each. It drops off significantly after that for the rest.