šCut your energy bills nearly in half with Octopus Tracker
- Thread starter ThatFragranceGuy
- Start date
ThatFragranceGuy
Well-known member
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
sambaDTR
Well-known member
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 ākeep the changeā then realised what I had just done!
kuepper
Well-known member
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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hewielewie
Well-known member
I got the notification saying the session was 5.30-6.30. Went to the shop and came back planning on turning everything off and reading my kindle. Walked through the door and the wife had put the washing machine onI didn't even know that was on until I saw something saying it was over
ThatFragranceGuy
Well-known member
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
afcb_acklam
Well-known member
Power saving session tonight you can opt in for. 5pm until 6.30pm.
I updated the wife, she looked bored of me
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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ThatFragranceGuy
Well-known member
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
Maccarone
Well-known member
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
Fat_Dragon
Well-known member
Octopus Energy now officially Britainās second biggest energy supplier.
www.thisismoney.co.uk
Octopus completes Shell Energy deal: WHat should customers do?
The company, which started as a challenger to traditional suppliers, is now in touching distance of Centrica-owned British Gas' position as Britain's top energy supplier.
ThatFragranceGuy
Well-known member
They're a bit like Amazon too in that a lot of their success comes from the data platform they use, Kraken. Lot of other suppliers are therefore their customers also, generating them more cash. Plus they do solar, heat pumps etc
Lottowyn
Well-known member
Does the customer gain anything from taking part in one of these sessions, or is the reward in not paying so much for that hour and a half ?Power saving session tonight you can opt in for. 5pm until 6.30pm.
I updated the wife, she looked bored of me
ThatFragranceGuy
Well-known member
You get points depending on how much less you use compared to your average. It's not going to change your life, just a way to try and lighten peak load
ThatFragranceGuy
Well-known member
Tracker is better generally unless you can load shift majority of your usage into the night when agile is cheaper, or if you have solar and battery use when agile is pricy
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Emmersons_BrazillianDong
Well-known member
Tracker personally for me. Even with my EV it works out better and is more flexible
British gas gave cash returns as a % of what you saved compared to your average. not sure how it was calculated. Points with octopus which I presume will convert to money off the bill at some point.
I've stayed on tracker. even with a small battery we use electricity at such peak times it saves over planning/ thinking.
ThatFragranceGuy
Well-known member
800 octopoints to a quid I think
Twitter staff I've seen giving out a few thousand points to funny pictures etc
Think you get 500 points for a refwrral
Then you get points for the savings sessions.
Spin the wheel prizes also in points
At a guess, it's cos you gotta manually convert them to bill credit and a small percent of people will o variably never click on that section so save a little bit of money