UK Energy Prices

[SnoopZ]

Originally Posted by joglynne

Our fixed duel fuel contract with Octopus ends at the beginning of September and I'm hoping prices may fall a tad lower before winter hits.

Not looking forward to the price hike we will face when our 2 year fix ends.

I am offered a 12 month fixed with Octopus which is slightly more than I pay on my Flexible Tariff, so I'm sticking on that for now especially as it includes a £150 exit fee.

How does my current Tariff compare to your fixed, I know mine will cost far more?

Flexible Tariff
Electricity
Daily standing charge
42.01p
Unit rate
30.72p per kWh
Gas
Daily standing charge
27.47p
Unit rate
7.40p per kWh

12 month Fixed Tariff offered.
Electricity
Daily standing charge
42.01p
Unit rate
31.37p per kWh
Gas
Daily standing charge
27.47p
Unit rate
7.56 per kWh

[Jaymoss]

Originally Posted by SnoopZ

Big Snip

My Rates are slightly different with Octopus

29.48p/kWh 48.66p/day leccy
7.38p/kWh 27.47p/day Gas

Offer
30.13p/kWh 48.66p/day leccy
7.54p/kWh 27.47p/day Gas

Sticking with Flexible as the Early Exit fees are way to high even to just move to a different Octopus Tariff later

[jfman]

My fix from eON is about 5% less than their new variable rate. I took them up on it, since nobody expects energy prices to go anywhere fast and it gives me certainty.

[SnoopZ]

Originally Posted by Jaymoss

My Rates are slightly different with Octopus

29.48p/kWh 48.66p/day leccy
7.38p/kWh 27.47p/day Gas

Offer
30.13p/kWh 48.66p/day leccy
7.54p/kWh 27.47p/day Gas

Sticking with Flexible as the Early Exit fees are way to high even to just move to a different Octopus Tariff later

Why is your standing charge so much more?

[Jaymoss]

Originally Posted by SnoopZ

Why is your standing charge so much more?

Different area innit

With my usage the lower unit rate covers the difference plus a few bits of a penny haha

in fact 7 units = over 9p difference between you and me haha so easy cover the day rate difference

[joglynne]

Originally Posted by SnoopZ

I am offered a 12 month fixed with Octopus which is slightly more than I pay on my Flexible Tariff, so I'm sticking on that for now especially as it includes a £150 exit fee.

How does my current Tariff compare to your fixed, I know mine will cost far more?

Flexible Tariff
Electricity
Daily standing charge
42.01p
Unit rate
30.72p per kWh
Gas
Daily standing charge
27.47p
Unit rate
7.40p per kWh

12 month Fixed Tariff offered.
Electricity
Daily standing charge
42.01p
Unit rate
31.37p per kWh
Gas
Daily standing charge
27.47p
Unit rate
7.56 per kWh

This ismy current fix with Octopus.

[Jaymoss]

Originally Posted by joglynne

This ismy current fix with Octopus.

blooming heck you did so well. Saved a fortune

[SnoopZ]

Originally Posted by joglynne

This ismy current fix with Octopus.

You got your timing perfect.

[Ms NTL]

Leccy tomorrow 8am-6pm , negative all the time up to -15p, All I can do is switch all lights on.....

Hovering, washing, mowing, emersion heater, washing, drying all done today.....with a miserable -2p leccy.

Agile Octopus.

My kids just told me :Southampton -19p/Kwh Bournemouth -24p/Kwh

[jfman]

Originally Posted by Ms NTL

Leccy tomorrow 8am-6pm , negative all the time up to -15p, All I can do is switch all lights on.....

Hovering, washing, mowing, emersion heater, washing, drying all done today.....with a miserable -2p leccy.

Agile Octopus.

I mean that's the whole point of the tariff. They wouldn't be paying you if they actually thought you could go crazy with it.

[Ms NTL]

Originally Posted by jfman

I mean that's the whole point of the tariff. They wouldn't be paying you if they actually thought you could go crazy with it.

Indeed, that's the case....

[SnoopZ]

Originally Posted by Ms NTL

Leccy tomorrow 8am-6pm , negative all the time up to -15p, All I can do is switch all lights on.....

Hovering, washing, mowing, emersion heater, washing, drying all done today.....with a miserable -2p leccy.

Agile Octopus.

My kids just told me :Southampton -19p/Kwh Bournemouth -24p/Kwh

You're single handedly making me consider getting a smart meter installed.

[jfman]

Originally Posted by SnoopZ

You're single handedly making me consider getting a smart meter installed.

The real question isn't what they pay you in summer, when the sun is out and the wind is blowing. It's what they charge you in deepest darkest winter when the boiler is on 12 hours a day.

[Ms NTL]

Originally Posted by jfman

The real question isn't what they pay you in summer, when the sun is out and the wind is blowing. It's what they charge you in deepest darkest winter when the boiler is on 12 hours a day.

The formula is public, Octopus charges market prices (attached).

Last winter, January onwards, there were over 50 LPG boats parked around Britain, (UK has no serious gas storage facilties) and as a result the gas prices were 5p on the Octopus Gas tracker.. (This was reported on some Octopus forums)

[spiderplant]

Originally Posted by SnoopZ

You're single handedly making me consider getting a smart meter installed.

And making me more peeved about not having working ones.

I have mentioned before how we have had them for years but they never worked because they couldn't get a mobile signal. Anyway, EDF recently contacted us to say they wanted to replace them with the next generation meters to solve the problem. Yay.

Anyway, on Tuesday man comes out to do it. Took a look at our appliances, including 23-year old boiler, and warned we might not be able to relight it if he swaps the meter. He also said the new meter wasn't compatible with gas fires over 7kW (though I don't think ours is). Then we mentioned the mobile signal problem. He replied "in that case, these ones won't work either". And with that, he was gone.