If you add up all your referrals, that would give you a pretty good idea.It's mad how much people just have saved using this accross the entire tracker user base with octopus, would love to know how many people are on it in total.
I've not referred everyone that octopus supplies though, and even on this thread other people have given their codes. I also don't only use fmttm...If you add up all your referrals, that would give you a pretty good idea.
I think it's just people see it as a risk especially with the warning about the max unit rates. People think they're at risk of spending more but you can always leave for price cap, which majority of the country would be on anyway.Why isn't everyone on it? I appreciate it doesn't suit all due to the daily rates but more people should have joined the bandwagon.
I reckon come the end of the year I will have saved around £750....thanks entirely to this thread...
People don't like, or have no budgetary resilience to have uncertainty. That's the key reason.Why isn't everyone on it? I appreciate it doesn't suit all due to the daily rates but more people should have joined the bandwagon.
I reckon come the end of the year I will have saved around £750....thanks entirely to this thread...
Yep, when I worked for one of the big 6, a vast majority of their customer base are the scenario known as lazy switchers. They know it's probably poor value but they're just happy with the status quo and don't rant to rock the boat.People don't like, or have no budgetary resilience to have uncertainty. That's the key reason.
I totally understand the lack of flex in budgets, especially in the current situation.
That said, I can't tell you how many times I've advised people they are burning money and how really simple changes can make a huge difference with very little effort.
I've been spending years telling a family member about them using a pre-payment meter for gas and electricity. Even in the good days they were being charged 30% more than regular users. They justify this madness as wanting to know how much they are putting on the meter and being in control.
Blows my mind. They could have literally saved thousands of pounds
I only came out of my fix at the end of August and wasn`t in the best position financially to make the switch which you may need 2 to 3 months worth of monthly payments to cover the change over (depending on when you decide what day you pay current provider, along with initial month amount from Octopus and possibly another payment to Octopus on your preferred payment date).Why isn't everyone on it? I appreciate it doesn't suit all due to the daily rates but more people should have joined the bandwagon.
I reckon come the end of the year I will have saved around £750....thanks entirely to this thread...
So I still stay on the tracker, its just adding the octoplus?You get 50 points for signing up and 8 points per spin,what other benefits you get I'm not sure
Yeah it's just an additional scheme, not a tariff.So I still stay on the tracker, its just adding the octoplus?
Yeap, you stay on the tracker don't worrySo I still stay on the tracker, its just adding the octoplus?
That's a great saving, in anyone's book, for such little effort.The Octopus scheme will save people money, but it varies. Just read an article that says the average saving is 30% in the last 12 months.
The Octopus Tracker tariff that is the main subject of this thread has daily changes, so doesn't have a best time of the day to use gas/electric.Some families will save less because they can't be so flexible with when they use electircity/gas i.e they can't 24 hours to do the washings or charge their phone or need to keep the house warm constantly.
I think you are confused - Octopus tracker is the same price all day so it doesn't matter the time that people want to put the washing on or putting the heating on? (and charging your phone costs approx £2 per year to charge it very day). If you are meaning they cant wait til the next day because that day is cheap, I doubt anyone is using the tariff in that way because you dont tend to see the next days Elec price until about 4pm. I can see now that tomorrow's price is 19.4p, up from todays price of 15.6p - that isnt going to make me do the washing today over tomorrow - its just going to make today cheaper than tomorrow.The Octopus scheme will save people money, but it varies. Just read an article that says the average saving is 30% in the last 12 months.
Some families will save less because they can't be so flexible with when they use electircity/gas i.e they can't 24 hours to do the washings or charge their phone or need to keep the house warm constantly.
You also need Smart Meters and some people don't have control of the meter say in communal flats or where they rent a property (35% of pop) or its very expensive to have one fitted due to accessibility issues. I suspect the vast majority on FMTTM are house owners in some capaacity.
Without reading through the whole thread - how are standing charges worked out i.e are they the same, which for low energy uses can be half the bill.
The last 12 months have been a period of falling energy prices, which is not normal.
The graph below shows the open market price for gas
Natural Gas Latest Price & News - BBC News
Find the latest price & news for Natural Gas at BBC Newswww.bbc.co.uk
yep, that would be over £500 for the average consumer.That's a great saving, in anyone's book, for such little effort.
The Octopus Tracker tariff that is the main subject of this thread has daily changes, so doesn't have a best time of the day to use gas/electric.