🐙Cut your energy bills nearly in half with Octopus Tracker

ThatFragranceGuy said:
Thing is it's only just dropped to those levels and I believe they need a period of stability for prices to see meaningful drops, at least this is a start anyway.

Octopus tracker is definitely trending down but it is slow and it's spring so lower gas usage

Our MTD figures we've used £67 elec and £21 gas so far this month - £88. On epg it would have been £107 elec and £46 gas; £153. £65 saved so far. 42.48% savings.

Using the new rates, we would have paid £100.16 elec and £35.91 gas so £136.07; octopus tracker currently 35% cheaper than the new cheaper govt rates
Click to expand...
Yeah I think it works on a delay of circa 6 months, as the energy is bought well in advance. So in 6 months' time we should get much more of a benefit, as that is effectively already baked in. But if they are appearing to go up again I bet the rate given isn't the one according to where supplies were at.

The price we're paying per MWh is well on the way down now too, £50 was where it was at from 2012-2020.

1685024772292.png

I'll be getting on that tracker as soon as I can.
 
uncle_rico said:
Late to the party on the this, but my fixed with BG ends in about a month so definitiely going to go on the waiting list and see whats what. Currently payng about £250/month 😭
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Once your rate expires I'd move over, if it's beneficial. it takes a bit to move over anyway. A friend joined today and goes live 16/6 but it depends on suppliers and what meters you have.

Check what your fix unit rates are as if lower than epg, you can usually leave within 49 days of a fix ending without paying exit fees. If not lower, get on the waiting list asap to reduce the lag time between your fix ending and the tracker opening up a spot
 
uncle_rico said:
Just had a look and the quote I got was £204/month. Its certainly cheaper than what I'm paying!
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Ignore dd amount mate; look at unit rate and standing charge

Multiply each standing charge by 365 and multiply your usage by the unit rate for each fuel, add up and divide by 12 - that's roughly what your dd should be

Then replace the figures with octopus and that's a direct comparison
 
Jonny Ingbar said:
Is the Tracker tariff called flexibleOctopus?
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Standard tariff is flexible octopus so this is the same as any other supplier's EPG / price cap tariff

The process of you aren't with octopus is;

Join octopus, get £50

share.octopus.energy

Octopus Energy

Octopus customers pay less: Cheaper than price-cap prices, rewards for using less when the grid is stressed, and smart tariff savings for your home, car or battery
share.octopus.energy share.octopus.energy

Once you have an account, you join the tracker using this page to join the waiting list;

octopus.energy

Octopus Energy

The UK's most awarded energy supplier. We're doing energy better - for you and the environment.
octopus.energy octopus.energy

If not with octopus, and not ready to join eg on a fix then you can join the wait list using second link and move over when a slot opens up
 
Holgate86 said:
How will this tracker look compared to the standard tariff when the price cap drops?
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See below , the savings are still significant and trending down
ThatFragranceGuy said:
Our MTD figures we've used £67 elec and £21 gas so far this month - £88. On epg it would have been £107 elec and £46 gas; £153. £65 saved so far. 42.48% savings.

Using the new rates, we would have paid £100.16 elec and £35.91 gas so £136.07; octopus tracker currently 35% cheaper than the new cheaper govt rates
Click to expand...
Remember the price cap is 2k for average user but many use more than those estimates work out at
 
This is a long thread but I noticed this and wasn't sure it's been mentioned in an update (I'm not reading every one of them)...

"Do I need a smart meter?
It helps but if you don't have one, they'll still put you on it but use an average figure each month. A smart meter can provide reads daily or even half hourly so you always know what you've spent but it's not necessary"

It is now...

"You'll need a working smart meter to switch to Tracker. If you don't have one yet, we can install one at no extra cost, but you'll need to stick with a standard tariff, such as Flexible Octopus, until your smart meter is installed and running properly (this usually takes a few weeks – but some homes can take much longer)."

Just for those who may not know.
 
swordtrombonefish said:
This is a long thread but I noticed this and wasn't sure it's been mentioned in an update (I'm not reading every one of them)...

"Do I need a smart meter?
It helps but if you don't have one, they'll still put you on it but use an average figure each month. A smart meter can provide reads daily or even half hourly so you always know what you've spent but it's not necessary"

It is now...

"You'll need a working smart meter to switch to Tracker. If you don't have one yet, we can install one at no extra cost, but you'll need to stick with a standard tariff, such as Flexible Octopus, until your smart meter is installed and running properly (this usually takes a few weeks – but some homes can take much longer)."

Just for those who may not know.
Click to expand...

They're really quick to install one but good to know, as some people don't like them.
 
ThatFragranceGuy said:
Standard tariff is flexible octopus so this is the same as any other supplier's EPG / price cap tariff

The process of you aren't with octopus is;

Join octopus, get £50

share.octopus.energy

Octopus Energy

Octopus customers pay less: Cheaper than price-cap prices, rewards for using less when the grid is stressed, and smart tariff savings for your home, car or battery
share.octopus.energy share.octopus.energy

Once you have an account, you join the tracker using this page to join the waiting list;

octopus.energy

Octopus Energy

The UK's most awarded energy supplier. We're doing energy better - for you and the environment.
octopus.energy octopus.energy

If not with octopus, and not ready to join eg on a fix then you can join the wait list using second link and move over when a slot opens up
Click to expand...

You know anything about this mate?
IMG_9060.png
 
I put my name on the waiting list (currently with EDF) just received email to say I can join the tracker tariff in July.
 
Yeah few friends have had the same to confirm 👌🏻

Once you join, you can apply a referral code in the "my account" section rather than joining via a referral link. That ray you still get the £50 credit 👌🏻 mine is azure-thyme-228
 
ThatFragranceGuy said:
Yeah few friends have had the same to confirm 👌🏻

Once you join, you can apply a referral code in the "my account" section rather than joining via a referral link. That ray you still get the £50 credit 👌🏻 mine is azure-thyme-228
Click to expand...
I,m probably going to join in the next few days , do you have a referral link ?
 
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