UK Energy Prices

Originally Posted by SnoopZ

My Octopus fixed rate ends in April, I I'm considering taking a Tracker Tariff again, but I see Outfox Energy also have a Tracker Tariff too. What are people's thoughts on Outfox?

I moved to them on a (very cheap) 2 year fixed deal last summer (<20p Electric) - no issues.

I dont believe their Tracker is what you are thinking, I think it just tracks the price cap (with a discount of a few percent).

[SnoopZ]

Originally Posted by Paul

I moved to them on a (very cheap) 2 year fixed deal last summer (<20p Electric) - no issues.

I dont believe their Tracker is what you are thinking, I think it just tracks the price cap (with a discount of a few percent).

Oh right so it's not the same as Octopuses then, I wondered why I couldn't find any prices.

I'm still considering going back onto a Tracker with Octopus it would have been than my fixed rate this last year.

[Taf]

A few words from the boss of Octopus about standing charges.

https://www.youtube.com/watch?v=DU3f7wB7rVQ

---------- Post added at 11:32 ---------- Previous post was at 11:29 ----------

The UK Targeted Charging Review (TCR) is an Ofgem reform (effective April 2022/2023) that changed how network residual costs are recovered, moving them from volumetric unit rates to fixed daily charges for households and businesses. It aims to make electricity network charges fairer by basing them on capacity rather than usage, impacting TNUoS and DUoS charges.

Key Aspects of the TCR:
Change in Charging Structure: Residual charges for Distribution Use of System (DUoS) and Transmission Network Use of System (TNUoS) are now levied as fixed charges per day, based on your site's Available Supply Capacity (ASC).

For most, these charges are now fixed for the period up to March 31, 2026, and cannot be changed unless there is a significant shift in site infrastructure https://conceptenergy.org/the-target...or-businesses/

[SnoopZ]

Things are not looking good for Octopus Tracker prices! My Fixed rate ends in just over a month I fear due to the war prices are just going to shoot up further. There is also the reduction coming in April but this doesn't seem to apply to fixed rates so I can't snap one of those up now.

Originally Posted by SnoopZ

There is also the reduction coming in April but this doesn't seem to apply to fixed rates so I can't snap one of those up now.

It applies to existing fixed rate deals if you have them, at least on Outfox, and I believe others are the same.

The fixed deals are not as good now as they were last summer, when I got mine.
I wasnt sure if it was a good idea at the time, but its proving to be a real winner, especially as current prices are probably going to rise due to the latest war.