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What are everyones thoughts on how the tracker is going to perform over the winter?

It did well last year, but the price cap was much higher then...
 
Matt said:
What are everyones thoughts on how the tracker is going to perform over the winter?

It did well last year, but the price cap was much higher then...
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The tracker has, from MSE conversations, been below price cap historically in previous years even when it snowed. It was below price cap all of Jan and Feb when it was the coldest weather, so even if the savings are less; it should still be savings.

Worst case you can come off it and hop on to price cap tariff but I think if it did go above it, I'd ride it out because of the 9 month limit on rejoining. Price cap is expected to remain largely static next 12 months so is a fairly known quantity bar any massive curveballs, so tracker should be cheaper
 
afcb_acklam said:
theres a whatsapp 'channel'. by not using our oven for an hour we saved 3p.

not including the Ā£40 indian takeaway we had delivered instead.
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Reminds me of when I walked all over Benidorm years ago trying to find the cheapest bottle of vodka. Managed to save 0.5 euros by getting one for 9.50 euros. Was thirsty by then so went in a bar for a pint. When the waitress came to serve me I payed for the drink then said ā€œkeep the changeā€ then realised what I had just done!
 
ThatFragranceGuy said:
As for if you'd save money, it's still cheaper than price cap for both unit rate and standing charge so definitely worth doing.
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Is there a formula for calculating what i would have paid if i'd been on the tracker for year based on my consumption?
 
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kuepper said:
Is there a formula for calculating what i would have paid if i'd been on the tracker for year based on my consumption?
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Standing charges aren't fixed nationally, they may be on price cap tariffs but it's probably a maximum. Realistically the SC variations won't have a huge difference, couple of pounds a year max

Eg northern tariffs on price cap shows 54.7 and 28.2p for elec and gas yet with octo tracker I pay 48.29 a day elec and 26.84 gas,

Not an easy formula but you could work it out using the 365 day average rates - but that won't factor in nuances like using more elec when it's cheaper, using less gas when expensive etc but you'd have a rough idea. You can make an easy excel sheet with standing charges, unit rates etc and work out what average monthly bill would be etc, if you're no good with excel I have one saved somewhere
 
Cambsred said:
Power saving session tonight you can opt in for. 5pm until 6.30pm.

I updated the wife, she looked bored of me šŸ¤£
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my missus is not going to be impressed when she gets home. no lights on, everything off. she'll go fooking mental.

edit. placated her with chips & mushy peas from the chippy. octopus savings, Ā£1. cost of placation, Ā£13.
 
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Maccarone said:
Electricity is creeping up quickly, over 25p tomorrow and getting close to the cap rate....
Don't panic as they say...
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Yep exactly this

2023 hasn't seen a day over the cap rate
2022 has a couple of days end of the year

I'd expect some days if we get now or whatever to breach it but if you switch away as soon as that happens, then you're lobbing away savings on potentially the next 9 months for the sake of a few p a unit
 
ThatFragranceGuy said:
Yep exactly this

2023 hasn't seen a day over the cap rate
2022 has a couple of days end of the year

I'd expect some days if we get now or whatever to breach it but if you switch away as soon as that happens, then you're lobbing away savings on potentially the next 9 months for the sake of a few p a unit
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Exactly, I've probably saved over Ā£700 this year plus it's expected the cap will rise in January by 5%.
Sit on your hands,don't switch
 
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