šŸ™Cut your energy bills nearly in half with Octopus Tracker

And this is a key view really - as it shows gas, elec, and price cap rates, and we can see that its only meaningfully breached price cap rates for quite a short time, which I think is when we had snow last december so demand would have been sky high. Of course anything can happen...but you have to balance that up with the rest of the year

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Randy Dipper said:
Martin Lewis on Radio 5 is saying a fixed is the way forward as the market is so volatile
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Depends what you're paying variable wise, what you're fixing at, what your finances are and what your mentality is like. A variable tariff (SVT), which I assume is what he was comparing too, is not the same as the tracker either.

People who are skint may need a capped ceiling, but it doesn't mean it's the best deal for everyone.

Volatility is good for people who can ride out the volatility or take advantage of it, without being temporarily crippled by it financially or having it destroy their mentality.

It's similar to investing in stocks etc, it might not suit someone skint (or weak mentally) as they would be absolutely screwed if they lost 20-30% at the wrong time, but others who can ride that out (if they have a buffer/ strong mentality) can get the 20-30% it jumps back, plus the 8% a year gain average etc.

Effectively boils down to if you've got more money and don't get flustered, it's easier to get the best long term deals. This 100% does not suit everyone though. The biggest risk to someone well off getting it wrong is they might have to spend slightly less on a holiday, but if someone skint gets it wrong they might not be able to eat or might get evicted etc.
 
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ThatFragranceGuy said:
And this is a key view really - as it shows gas, elec, and price cap rates, and we can see that its only meaningfully breached price cap rates for quite a short time, which I think is when we had snow last december so demand would have been sky high. Of course anything can happen...but you have to balance that up with the rest of the year

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It's good that, and all these handy tools make things simpler.

I did it for gas only, for 90 days, still looking good, especially since that the only reason it's back near SVT is that there's zero wind, and that's not going to last. From Tue afternoon onwards it should start coming back down as winds go back to normal.

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Andy_W said:
It's good that, and all these handy tools make things simpler.

I did it for gas only, for 90 days, still looking good, especially since that the only reason it's back near SVT is that there's zero wind, and that's not going to last. From Tue afternoon onwards it should start coming back down as winds go back to normal.

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That site tells me we've saved about Ā£700 on gas and elec since Feb, plus the Ā£50 money octopus gives you for joining, so that's almost 3 quarters of the year, that would give a lot of leeway for price rises before jumping ship makes sense imo

Also if you look at these "high" gas prices in context of a 12 month view, last winter they were far higher

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I do wonder what would happen if you "moved out" as one person and "moved in" as another eg partner and I have different surnames, could I leave and she joins? This evading the 9 month limit? I'll probably not be finding out but interesting thought.

We did the same with BT broadband when we had a contract get out clause, they said couldn't rejoin that quick so she took it out in her name. We had two lots of Ā£300 gift cards, Ā£120 cashback each and we'd only had the contract a month first time round, it massively reduced the total contract cost down - which was expensive as it was - but think it took it down to about Ā£9 a month or something when we worked it out, didn't even have an interruption in service šŸ˜‚
 
That said I will update the OP tonight with some details of current higher prices and caveat that for less risk inclined people a link to fixes etc, and add a link to gas tracker site as for me that's been the missing function in every single Octo app or website, amazed it's taken someone so long!
 
ThatFragranceGuy said:
That site tells me we've saved about Ā£700 on gas and elec since Feb, plus the Ā£50 money octopus gives you for joining, so that's almost 3 quarters of the year, that would give a lot of leeway for price rises before jumping ship makes sense imo

Also if you look at these "high" gas prices in context of a 12 month view, last winter they were far higher

View attachment 65276

I do wonder what would happen if you "moved out" as one person and "moved in" as another eg partner and I have different surnames, could I leave and she joins? This evading the 9 month limit? I'll probably not be finding out but interesting thought.

We did the same with BT broadband when we had a contract get out clause, they said couldn't rejoin that quick so she took it out in her name. We had two lots of Ā£300 gift cards, Ā£120 cashback each and we'd only had the contract a month first time round, it massively reduced the total contract cost down - which was expensive as it was - but think it took it down to about Ā£9 a month or something when we worked it out, didn't even have an interruption in service šŸ˜‚
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Yeah, I've saved a fortune. Used to be paying Ā£300 a month, but when a I shifted over to Octopus I knocked it down to Ā£200. But even doing that I had built up ~Ā£700 credit, so last month I set my DD to nothing (well Ā£1). Probably saved about Ā£1,000 in half a year. It's going to need to move a hell of a lot (as in at least treble in price) to claw that back over Nov-Feb.

I just think we're heading to a time of higher peaks when it's calm and cold, but when it's normal and windy it's going to be normal prices and with the odd occasion of extremely cheap when it's windier than average. Effectively more volatile, but still cheaper overall.

What 9 month time limit? There is no time limit on the tracker anymore is there? I don't think your are, but I wouldn't even be thinking of quitting now like, not when it's calm, and cold, as it's not a good time to be comparing. Even saying that, we're still at or below SVT (in what is a supposed worse case), and that SVT will get jacked up in Jan if we have a very cold and calm winter. My bet is we're going to average about 1p below the SVT gas rate over winter.

You would be able to leave and come back in your lasses name like, that always worked for Sky etc.
 
It's a 20% plus saving on the capped rate what's not to like?
This tracker has saved me a small fortune, was with EDF and paying Ā£250 per month, now paying Ā£125 per month, taken Ā£400 out of the account and still have Ā£400 in credit to cover winter...fantastic tariff, all thanks to this thread for my savings...Best ever FMTTM thread....
I'm holding tight, no need to panic, savings gained are great, if it goes over for a while so be it but still looking positive with tomorrow's prices..
 
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