Cable Forum - UK Energy Prices

I am astonished.

I learned about trackers from Jaymoss and Chrysalis here.

If you have a smart meter, lecky was 0.01p to 25p (excluding 4-7pm) during 20 hours per day last week and gas is less than 5p per kwh

If you do not have a smart meter, you can still get average prices 25p lecky and under 5p gas.

Why pay more?

And there is a button "move out", if things go to hell, and you are off the tracker in seconds.

My energy bill, from over £650 per month (posted here earlier ) is now under £300

Octopus currently have a waiting list of 6 months and only allow 50 eligible customers to join per day.

Ms NTL

23-03-2023 22:53

Re: The energy crisis

Quote:

Originally Posted by daveeb (Post 36148666)

Octopus currently have a waiting list of 6 months and only allow 50 eligible customers to join per day.

I thought the waiting list was for agile lecky.

Am I wrong to say, they still accept people for monthly average wholesale prices?

daveeb

24-03-2023 12:48

Re: The energy crisis

Quote:

Originally Posted by Ms NTL (Post 36148670)

I thought the waiting list was for agile lecky.

Am I wrong to say, they still accept people for monthly average wholesale prices?

That was the lead time they quoted for Octopus Tracker. I'm not really sure what the difference is as i haven't looked too deeply being as how I don't have a Smart meter.

Chrysalis

24-03-2023 19:38

Re: The energy crisis

Agile has no waiting list so there is still a quick means of escaping the SVR hell. But Agile does need a smart meter unlike the tracker.

The waiting list was added to Tracker as hotukdeals got wind of how good the tariffs are and since Octopus have to pay the stabilisation costs for new customers they rate limited the new signups, as explained in that DM I posted.

As Ms Ntl said yep you can instantly leave these tariffs any time, no penalty.

nomadking

24-03-2023 19:44

Re: The energy crisis

Received an e-mail with the price changes. A massive estimated annual increase of £3.19 for Gas and Electric. Standing charges going up, but unit rates coming down.

Ms NTL

24-03-2023 19:51

Re: The energy crisis

What energy crisis? Octopus alert:

�� Plunge pricing alert! Between 05:00 - 05:30 tomorrow you will be paid for any electricity you use.

daveeb

25-03-2023 20:55

Re: The energy crisis

Quote:

Originally Posted by Ms NTL (Post 36148725)

What energy crisis? Octopus alert:

�� Plunge pricing alert! Between 05:00 - 05:30 tomorrow you will be paid for any electricity you use.

Time to give the electric kiln a run out :)

SnoopZ

25-03-2023 22:49

Re: The energy crisis

Quote:

Originally Posted by Jaymoss (Post 36148641)

Had email off Octopus with new figures. Few pence on standing charges. Have a balance of £289 so they said they would not adjust my payments after the support scheme ends. Seems strange because that buffer would not last long. Anyway done my maths and I can actually drop my monthly from £120 to £100 (before support scheme) and have adjusted the figure myself

I've now had the email and on checking my account they have changed my direct debit from £67 to £134 a month affective 1st April and my balance is similar to yours.

Taf	26-03-2023 11:57

Re: The energy crisis

Quote:

Energy giant Ovo has launched its first deal for customers cheaper than the government's cap on household bills.

The firm will offer a fixed 12-month tariff of £2,275 for existing customers, at a time when the government is limiting typical household bills to £2,500.

https://www.bbc.co.uk/news/business-65080014

Jaymoss

26-03-2023 13:06

Re: The energy crisis

Quote:

Originally Posted by Taf (Post 36148764)

https://www.bbc.co.uk/news/business-65080014

yeah they know prices are coming down and they see a chance to cash in

Chrysalis

26-03-2023 14:51

Re: The energy crisis

Quote:

Originally Posted by Taf (Post 36148764)

https://www.bbc.co.uk/news/business-65080014

If its the tariff I seen, I highly suggest actually looking at the unit prices, not just the headline figure.

Electricity is only just above 1p cheaper than the current rate. SVR should be cheaper than this tariff in July.

Its still much more expensive than trackers have been.

Jaymoss

26-03-2023 14:55

Re: The energy crisis

The MP for energy was on Martin Lewis show a couple of weeks ago and he said they are breaking the tie between gas and electric pricing. Hopefully they will get a move on with that

denphone

26-03-2023 17:05

Re: The energy crisis

Quote:

Originally Posted by Taf (Post 36148764)

https://www.bbc.co.uk/news/business-65080014

Personally l would wait a few months to see how things play out regarding prices.

Taf	31-03-2023 16:24

Re: The energy crisis

New gas and leccy prices start tomorrow, so it would be wise to give them your latest readings today.

Scottish Power's site is obviously struggling due to this, but they say any readings up to 5th April will be backdated to today.

Ms NTL

11-04-2023 12:55

Re: The energy crisis

Free leccy all night yesterday....in fact negative pricing, Octopus paid you 5.73p/Kwh to use as much as you would like . Madness!

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