I am glad I opted in to that wholesale prices tracker tariff with octopus earlier on. I also posted that on here on Feb. It massively helped reducing the cost over last couple of months. I am paying now 20p/kw for electricity and 4.8p/kw for gas. It has been floating around these rates for a while now.
I must of missed that
What annoys me the most is there is not competition between companies, you can’t move
There’s nothing you can do
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You need a smart meter
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We are with Octopus on a fixed rate which will finish at the end of the month. Octopus have been in touch and offered me the following rates. I believe that there is a waiting list with a timescale of 6 months for the tracker rates. I am going to contact them and see if this is true.
Hi Steve,
Your fixed tariff is coming to an end on 3rd May 2023. While it’s still a little way off, we thought you’d like to know more about what happens next.
Good to know: The Energy Price Guarantee
The Government has introduced an Energy Price Guarantee that caps variable energy prices at £2,500 for a typical home.
This represents a discount of around £1,000 for a typical home compared to the Ofgem price cap for October to December, and is in addition to the £400 Energy Bill Support Scheme that will reduce all monthly payments between October and March, and the further support already announced for low income or vulnerable households.
In light of these reductions, we’re not currently offering fixed price tariffs — they’re simply not a good choice right now.
Instead, the best option for you is to roll onto our Flexible Octopus tariff at the end of your fixed term. This will happen automatically: you don’t need to do anything.
Flexible Octopus
Flexible Octopus is our always good value variable tariff. It has no fixed term, and prices rise and fall with wholesale costs, typically changing every 3 months.
Flexible Octopus prices are protected by the Government’s Energy Price Guarantee, and Flexible Octopus standing charges are discounted slightly compared to the Energy Price Guarantee rates. Flexible Octopus
£164.69
Estimated monthly cost
Electricity Electricity
Daily charge 48.29 p/day
Unit rate 31.87 p/kWh
Gas Gas
Daily charge 26.84 p/day
Unit rate 10.20 p/kWh
£1976.28
Estimate for the next 12 months
Your account information
When comparing energy quotes, it’s important to base them on the same figures. Here’s our latest estimates of your annual consumption over the next 12 months — we’ve used these figures for your quotes above.
Annual usage
Electricity 2,912 kWh
Gas 7,587 kWh
Account
Payments Monthly Direct Debit
Billing Online
In the current energy crisis, there’s not a lot of difference in prices between suppliers — this is why most comparison sites are not switching customers right now.
In light of this, we recommend you choose a supplier based on the other things that matter to you. We will work hard every day to treat you fairly, help all our customers through this crisis, and accelerate the world’s transition to cheap, truly green energy.
For free, independent advice on your rights and your energy supply, visit Citizens Advice at any time or call 03454 040506.
Kind regards,
Greg, Stuart, James, Rebecca, Jon, Pete, Tara and Mario
The Octopus Energy Leadership Team
Did not realise the tracker now had a list - been using it for the last 18 months I think… worked out a good choice. Interesting how the wholesale rate does dip randomly….
[unknown] Same as mine but with different suppliers for each fuel Eon, keep telling me that my electricity meter has reached the end of its life and have just offered me £50 to have a smart meter fitted before the end of April. Decisions Decisions
[unknown] Same as mine but with different suppliers for each fuel Eon, keep telling me that my electricity meter has reached the end of its life and have just offered me £50 to have a smart meter fitted before the end of April. Decisions Decisions
Inspector Same as mine but with different suppliers for each fuel Eon, keep telling me that my electricity meter has reached the end of its life and have just offered me £50 to have a smart meter fitted before the end of April. Decisions Decisions
Nightrider_1uk keep telling me that my electricity meter has reached the end of its life and have just offered me £50 to have a smart meter fitted before the end of April
So the meter has reached the end. It needs to be replaced therefore. Are you saying that, if you decline the offer to receive £50, they will fit a dumb meter instead? The cynical in me thinks that, if smart meters were great, they wouldn’t be offering you money. 🍭
MediumRoastSteam No, they are no longer fitting Dumb meters. If you need a new meter it has to be Smart, same as in new builds. It’s smart fitting by default. Any meter over 10 years old can probably be deemed too have reached the end of its life, but there are many of these happily chugging along. However by sending you a letter saying the meter is now obsolete they are pressuring people to change to smart who might otherwise might not have. Of course it also covers the’re backside should a fault occurs in you old meter. (Hate to think what the insurance company might make of such an occurrence).
Of course, should i choose to take up the offer, I fully expect them to give a date before the end of April for fitting then push the date out at the last minute and get out of paying
Can you have a dumb meter fitted yourself
I hate the push for these smart meters, they can remote in and turn of, change to prepay at the flick or press of a button.
That’s actually on the ofgem website
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Cuprajake I doubt that you would get a supplier to change to a dumb meter, they own the meter and the government push to have smart meters fitted and fine the suppliers if they do not meet targets
If you could persuade them to change then it could cost you a lot to do so
No as in get a gas man to fit one for you
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Cuprajake No, the Meter belongs to the Supplier and its serial number is registered against your address on the database. I had this issue relating to two gas meters in a house that i’d converted into two flats. Supply company had them the wrong way round and I was getting very frustrated in trying to get them changed round on the database. inadvertently, one of their reps said my gas safe engineer could swop the meters over, se we duly did. Fast forward a few days when trying to ensure readings were correctly attributed to the properties, different rep got real shirty saying I had broken the law. He soon shut up when I copied him the screen shots from the previous conversations. But went out of his way to tell me (my gas safe eng) not to touch them again as they were their property.
Legal cartel
Would love to live off grid
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