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Seem very complicated these not so smart meters.
I like my system. I read the meter when it suits me, and they send a bill. I then pay it, everyone's a winner. I also don't give them a phone no so they don't waste their time, trying to flog me a smart meter, I'm kind like that :) |
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Bills rising by an average of £94 pa from January to £1,928 pa, Ofgem has just announced.
This 5% rise is attributed to higher wholesale prices and a change in the energy cap calculations. Unwelcome as it is, I guess it's in line with inflation. https://news.sky.com/story/energy-pr...unces-13013686 |
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https://tradingeconomics.com/commodity/uk-natural-gas https://www.cableforum.uk/board/atta...2&d=1700726979 |
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My gas charge for the past month was just over twice the Standing Charge.
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I’m currently with Shell, just had an email saying I’m moving to Octopus.
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I'm joining the migration from Shell to Octopus club too. Originally joined them as First Energy. Their email did emphasise I wasn't to switch myself but wait my turn. Presumably they've run this past their lawyers but as I'm not on a fixed tariff, thought I could leave when I wanted to.
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Got my new prices from OVO today (for January).
Gas: kWh Rate From 6.76p to 7.29p Standing Charge From 29.11p to 29.60p Electricity: kWh Rate From 26.75p to 28.01p Standing Charge From 50.31p to 50.68p Could have been worse I guess, makes you weep when you recall what they were 3 years ago ... :( |
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My Octopus rate changes for the Eastern region paying via Direct Debit, the eastern region has the lowest standing charge compared to all their others by a large margin.
Octopus Rate Changes January 2024. Gas: kWh Rate From 6.78p to 7.31p (7.82% increase) Standing Charge From 27.47p to 27.47p (no change) Electricity: kWh Rate From 27.93p to 29.22p (4.62% increase) Standing Charge From 42.01p to 42.01p (no change) I still have the option to go on a fixed rate which reduces the bill by £3 a month but I'm not going to. |
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Just to compare my DD Octopus standard rate to SnoopZ's Eastern region, not sure of my actual octopus region, but I am in Manchester.
Gas from 1st January 2024 Unit rate (per kWh) was 6.898p to 7.422p Standing charge (per day) 27.468p no change Electricity from 1st January 2024 Unit rate (per kWh) 27.212p to 28.440p Standing charge (per day) 49.77p no change My husband and I need to keep the house warm due to my health so when I worked out whether the other Octopus options would be cheaper it seems, at the moment best to stay as we are. |
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Would be interesting to see what the different rates are in the other Octopus regions. . |
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Sorry SnoopZ, I should have read the whole link. Silly me! :D
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What crisis, so couldn't resist
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Longer explanation ...... I have Cold AIHA and just don't have enough mature red blood cells with the resultant reduced oxygen levels restricting my activity levels. One side effect of my condition is that my body has problems regulating my temperature. At the moment I'm kind of stable, my body churning out new RBCs faster than my immune system can destroy the mature ones, but I am very sensitive to the cold so my husband and I would rather turn up the heating and keep me toasty warm. :D |
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From Scottish Power.
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I strike a happy (hopefully) medium between my desire to be nice and warm v the cost (which has improved since I had a new boiler). |
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Ofgem are proposing to increase the price cap to cover customer debts owed to energy retailers.
BBC News - Energy bills could rise by £16 to cover customers' debts https://www.bbc.co.uk/news/business-67725424 The irony of this is that higher bills will risk more customer falling into debt in the first place. |
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what an absolute piss take
---------- Post added at 14:34 ---------- Previous post was at 14:33 ---------- people in debt should either join the debt management scheme or get an IVA depending on how much debt they are in |
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Many who have fallen into debt possibly spent their freebies from HMG on "other things" I suspect.
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Scottish Power recently tried to drop our DD by half, but I did the calculations, and saw we would have to pay more than we pay now to clear the debt that would cause. |
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I suffer from quite severe anxiety and depression and have done since I was a child. About 8 or 9 years ago I got into trouble I was going through a real bad time and got comfort buying nice things. I was on a low income but companies were throwing credit at me hand over fist a lot of it buy now pay later over about a year I accrued £16k debt and had no way of paying it off. I wanted to kill myself. I was fortunate enough to find out about IVAs and took one out. Paid 6K off over 5 years living on next to nothing and the rest was cleared. Yes a number of firms lost money and yes I was to blame for the spending but they were responsible for facilitating that spending. They all did credit checks and all the agencies know employment status yet they still in some cases gave me 1000s of pounds credit. I have no sympathy with energy firms they make billions and I have no sympathy for credit companies that do not loan responsibly. Judge me how you will it matters not |
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I think actually you mean the energy top up thing ok I understand now |
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They are restricted in being able to raise prices and are not allowed to cut people off. The lenders of money that doesn't get paid back, raise their interest rates for everybody else and/or reduce rates for savers. Same principle, others pay for non-payments. |
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This report seems to contradict you also somewhat https://www.independent.co.uk/news/b...-b2388968.html https://www.homebuilding.co.uk/news/...afford-heating |
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https://www.cableforum.uk/board/atta...5&d=1702684303 |
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I do not understand the reluctance of people towards Octopus agile and Octopus track. With a smart meter.
8am today: 3.51p leccy and 3.95p gas per kwh (Surrey) :confused: |
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People dont trust them, and the energy companies have made that worse with their apparent switching people to PAYG remotely. Once lost, trust is hard to regain. |
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It is bloody absurd! |
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Negative to zero tonite--- all night |
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And if you are bothered to do all your washing/dishwashing/drying at negative/zero times, you save much more... but it is annoying, annoying very annoying... even with programming etc I am not sure whether there is a waiting list for the gas tracker. The gas prices have plummeted recently, 3.8p today (Surrey) |
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It’s pretty difficult to avoid, especially at this time of year (Ceredigion). |
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However saying this, remember you will have a 24x7 cost of running the house so all of this will, on average, cost you less which helps to offset any higher costs during peak periods. Here's some screenshots of the Octopus Watch app for the last couple of weeks. You can see the (few) days where it was colder and there was no wind but these are offset by the many more days when the Agile pricing is cheaper. Attachment 30813 Attachment 30814 |
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Why pay more? It is the same gas that everybody else uses Also, we had 3 days that gas was free (zero) (surrey). No idea why. Gas is never negatively priced. But what do you do with free gas? Burn your house for free? The gas price is announced around 10pm every day. But you can guess it from https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt |
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What crisis?
electricity is free or negative from 10pm tonight until 4pm tomorrow (surrey). we will not enjoy the weekend, we will wash and dry everything, even the bloody cat! |
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here it is
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Wasn't there a time when they were promising that electricity would be so cheap it wouldn't be worth charging for it? What happened to those halcyon optimistic days?
Mind you, what the hell happened to the last 58 years? It seems only yesterday I was watching Apollo 11 live on TV! :p: |
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Is there any cap on the amount of electricity you can use during these negative periods, apart from the physical limit of a domestic supply?
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And now no-one wants to reply to my calls. :mad::mad::mad::mad::mad::mad: |
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They would not generally allow you to set it lower than their recommended, but you could set it higher. This review score on trust pilot is ....... interesting ... https://uk.trustpilot.com/review/www.scottishpower.com |
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The planned reduction came with a bill. I could not lock it online, so had to do a one-to-one chat with an operator.
I shall try to get a response from their website to make an additional payment and raise it to where I want it to be. To get onto the site, you have to log in, then wait for an email that gives a one-off access link. But the past couple of days has seen no such emails generated. |
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You have no alternative supplier you can switch to to make your life easier? |
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I did find Scottish Power offering "Green Flexi Feb 2026 EM1" (saving £26.99 pa) and "Help Beat Cancer Flexi Feb 2025 TM1" (saving £75.77 pa) but that would mean locking myself into tariffs that could end up more expensive if the wholesale prices drop. |
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The top price is always selected by the suppliers minus a few pence 'competitive' lip service. If the government should be chucked out for anything, it's energy pricing that only grossly inflates private company profit. Very badly regulated. |
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You don't even have to tell Scottish Power you're leaving the new supplier does that and any credit gets transferred over. |
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I just had a call from them to say that they had seen my requests to be allowed onto the site, and that a technical problem had been sorted. But I couldn't put the DD back to what it had been on the phone. For that, I had to access the site. It only took 3 attempts to do so. All sorted now.
Guess what was on their website? |
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It's a mis-print, they mean joint Last place. ;)
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https://www.citizensadvice.org.uk/wa...tomer-service/ |
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Which? actually puts Scottish Power in last place (51%) and Octopus at the top (78%). This comes from a survey of over 10,000 energy customers plus Which? analysis. |
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The gas prices have plummeted. Today I pay 3.95p. Tomorrow I expect to pay close to 3p
https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt |
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I have always been with SP
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Remember that at the beginning of the year, they put up the Gas SVT to 7.52p from 6.99p when wholesale prices are at their lowest for a year or more. What a rip-off ... ---------- Post added at 18:59 ---------- Previous post was at 18:35 ---------- Really good site to follow the current and historical Agile & Tracker rates: https://octotrack.co.uk/region/h-southern-england |
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The new gas price for me came in : 3.80p and yet the link says 4p ....
This is scandalous, they are ripping off the country's people with charging 7.52p!!!! Some regions are lower than me. |
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The profit on agile Octopus electricity is at least 100% (Octopus has published the formula). I do not know about gas |
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So the formula is changing for Octopus tracker.
Electric unit price to rise by 2.3p, and Gas by 0.38p (these sadly might be misleading they quoted average, not actual for the region). Standing charge also to increase by unspecified amount which will make it end up 4% below SVR standing charge. These are fixed increases meaning when the wholesale rate is lower they are a bigger impact in terms of percentage and lower when its higher. The reasons provided are largely on the basis they have not been charging the true cost in relation to the cost, and have been subsidising the package. Its going to be a matter of opinion I suppose if its profiteering or they have been losing money, but considering the formulas have always been published, unless those formulas were out of date then Octopus had healthy margins on tracker, the only time they would be losing money is if people were pegged at the cap with wholesale rates above it. I am curious if Agile formula has changed, I dont know as havent checked yet, if it hasnt it might make moving back to it a good option. As 2.8p in terms of % isnt insignificant. Tracker is also moving back to fixed term. No mention of exit fees in the email although that doesnt necessarily mean they dont exist, havent checked the full t&c's. |
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Looks like Agile formula isnt changing, although still is getting the same SC increase, I will probably be moving back to Agile some time this month.
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Ofgem are cutting the time a supply must complete a customers request to switch suppliers from 15 days to 5 days from April 2024. Under current rules if a switch isn't completed in 15 days a customer is entitled to £30 compensation.
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My recent switches have generally all been done in 2/3 days.
In one case, I was asked to pick a date, starting from the day after, and it was done on the date I picked. |
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Still, on the bright side, the RTS switch off, that would have affected my E7 meter, has been delayed by another year, until March 2025. So a bit longer before I'll likely have to change it to a smarty. :) |
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Typical energy bill to fall £238 a year from April under new price cap, maybe it was a good idea I never went fixed.
https://www.bbc.co.uk/news/business-68353627 |
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It will be interesting to see how the Agile & Tracker tariffs respond to this.
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