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.

[Jaymoss]

Originally Posted by 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.

when you switch if you use a decent comparison site it will tell you if the suppliers have agreed to pass the reduction on. As Paul said Outfox does and that is why I swapped. The deal I got was equal to my Octopus deal I had for the last 12 months now so will in effect be 7% cheaper than I was paying for the last 12 months. From my maths prices will have to rise by 10% by January for me to run the risk of losing and this war out East could well mean I am on a big winner if they rise at all over the next 3 quarters

[SnoopZ]

Originally Posted by Paul

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.

This is why I'm thinking Octopus isn't putting it on this fixed rate.

Edit- I read the image properly that quote is with the reduction added to it, which means the flexible will be a fair bit cheaper.
https://www.cableforum.uk/board/atta...1&d=1772617361

My Outfox quote is £96.04 for fixed and it says this will reduce in April so it should be 7% cheaper and my Octopus quote is £96.40 for fixed but the image suggests this is with the reduction already added.

So it makes sense to switch but just not sure when I can Initiate it as I have 38 days left on my Octopus contract.

[SnoopZ]

Originally Posted by Jaymoss

when you switch if you use a decent comparison site it will tell you if the suppliers have agreed to pass the reduction on. As Paul said Outfox does and that is why I swapped. The deal I got was equal to my Octopus deal I had for the last 12 months now so will in effect be 7% cheaper than I was paying for the last 12 months. From my maths prices will have to rise by 10% by January for me to run the risk of losing and this war out East could well mean I am on a big winner if they rise at all over the next 3 quarters

I've got 38 days left before I can switch so it's terrible timing unfortunately.

[Jaymoss]

Originally Posted by SnoopZ

I've got 38 days left before I can switch so it's terrible timing unfortunately.

is that 38 days to the actual date as you can switch a fair number of days early penalty free

---------- Post added at 10:07 ---------- Previous post was at 10:06 ----------

it is 49 days before the end date

[SnoopZ]

Originally Posted by Jaymoss

is that 38 days to the actual date as you can switch a fair number of days early penalty free

---------- Post added at 10:07 ---------- Previous post was at 10:06 ----------

it is 49 days before the end date

It says 38 days remaining on my Octopus fixed rate.

I'm not going to switch right now as I don't have time to faff around with going to work later, it's a shame Octopus are saying their fixed rate included the discount as this makes everyone else cheaper. Also price comparison site don't appear to include Outfox unfortunately.

[Jaymoss]

Originally Posted by SnoopZ

It says 38 days remaining on my Octopus fixed rate.

I'm not going to switch right now as I don't have time to faff around with going to work later, it's a shame Octopus are saying their fixed rate included the discount as this makes everyone else cheaper. Also price comparison site don't appear to include Outfox unfortunately.

MSE did for me

[SnoopZ]

Originally Posted by Jaymoss

MSE did for me

Thanks, I'll check it out but think I won't get to do it in time before they bump the rates up.