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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
