🐙Cut your energy bills nearly in half with Octopus Tracker
- Thread starter ThatFragranceGuy
- Start date
ThatFragranceGuy
Well-known member
Yeah massively
You need to completely ignore the quote you get as they're quoting you for standard. Same with dd amount as you can change that later. The £20 a month will Be margin of error as imagine you're on a price cap deal? In which case unit rates will be near identical unless you're on a pricier fix. If you are on a fix check exit fees - you don't pay them if 90 days or less from end of your deal
Do you know your annual usage in kWh per fuel? If so you can work out roughly what you would pay on tracker. Once you join get into them the same day your account with them goes live - they will tell you what that date is and keep you updated etc
But as a standard guide I'd assume 30% less than what you pay now
hewielewie
Well-known member
Will do. The only problem with getting daily prices is when you can't use it. Was away last week on holiday and got the notification that electric was 13p. Felt like I was missing out even though I wasn't using any at home obviously
When it's 13p I plug my car in even if it doesn't really need chargingWill do. The only problem with getting daily prices is when you can't use it. Was away last week on holiday and got the notification that electric was 13p. Felt like I was missing out even though I wasn't using any at home obviously
ThatFragranceGuy
Well-known member
You could always get some smart plugs so you could turn them on remotely and feel like you're getting some use out of itWill do. The only problem with getting daily prices is when you can't use it. Was away last week on holiday and got the notification that electric was 13p. Felt like I was missing out even though I wasn't using any at home obviously
ThatFragranceGuy
Well-known member
Not much to worry about atm they were higher in June @5.1p, it's only gone up 0.4p since Saturday after 3 days at 4.4p and last wed was 4.6p before dropping to 4.3p
I mean gas and electric (remember gas provides 50% of our electricity)
ThatFragranceGuy
Well-known member
It's about 30%-35% i believe so a good chunk.
Yeah, it will probably go up some but remember octopus is based on wholesale but in a roundabout way so is the price cap, CI already forecast price cap to go up in Jan as a result of this.
Hopefully the strikes get called off but it's rare we catch a break in this country.
Oh 100% just sad that my electric will have a 2 as the first number tomorrow.
In the grander scheme it shows we are absolutely ****ed
Ayresome
Active member
I have just got my Smart Meters fitted and was going to ask to go on the tracker. Do you think it is worth waiting for a few weeks to see if the prices go up a lot? I appreciate you wont know exactly but just based on experience.
I also read on a FB Octopus Tracker chat that it may be wise to wait until spring as the prices will go up above the tracker price?
Any advice based on usage of the past year please?
I also read on a FB Octopus Tracker chat that it may be wise to wait until spring as the prices will go up above the tracker price?
Any advice based on usage of the past year please?
ThatFragranceGuy
Well-known member
It's impossible to say, honestly. If tracker goes up so will price cap in Oct and Jan. right now even with tomorrows prices it's still about 8p a unit cheaper on elec and just under 3p a unit on gas.
Last year process went high for a period but it was peak Ukraine issues at the time and over the entirety of winter I believe it only went above price cap on 3 days
It could skyrocket, but it could also end up being cheaper and you sit there and miss out.
My hope for the winter months is for it to hover around the price cap (likely slightly below it).
All bets are off if we get a savagely cold winter mind.
I can see demand going lower as the recession really starts to get going, people will be unable to afford to use it and businesses will be shuttering cratering demand further.
ThatFragranceGuy
Well-known member
Even if it goes above it for part of winter I'll still probably stick with it because it responds so much quicker to stabilising prices that I wouldn't want 9 months of price cap
ThatFragranceGuy
Well-known member
Yep, some expensive electricity for @Andy_W today during peak hours
Seen a few articles saying the Australian stuff is already priced in but hopefully it gets called off anyways
hewielewie
Well-known member
Have I joined at the wrong time?Yep, some expensive electricity for @Andy_W today during peak hours
Seen a few articles saying the Australian stuff is already priced in but hopefully it gets called off anyways
ThatFragranceGuy
Well-known member
Nah tracker is still low and still cheaper than price cap. If it does go up it will comeback down once resolvedHave I joined at the wrong time?