[Chrysalis]

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or they have been losing money, but considering the formulas have always been published, unless those formulas were out of date then Octopus had healthy margins on tracker, the only time they would be losing money is if people were pegged at the cap with wholesale rates above it.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.