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What are people's thoughts on a potential war in the Middle East and how that might affect energy prices on the tracker?
 
I don't think right now it will have a huge impact. European counties (except us) have had mild winters and several months reserves to last them until the warmer months. We have about 3 days reserves but a fairly mild winter and a lot of wind power keeping elec prices down

Currently prices forecast to fall. Despite instability, prices remain low especially compared to the last "price scare"

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Matt said:
What are people's thoughts on a potential war in the Middle East and how that might affect energy prices on the tracker?
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It's almost impossible to predict these things. It's like the stock market. You watch "Experts" on CNBC telling you what going to happen, and almost always the opposite does. No one has crystal ball.
 
Got an email today to say Tracker prices are going up. I've been on it for nearly 12 months now. Not worked out how much it is going to cost or whether it is still the best value yet.

Was good while it lasted!

Edit: Have just done a calc based on the quoted figures. It will be an extra £31 in standing charges, an extra £170 on electricity and £37 for gas. £240 total so a £20 per month increase.
 
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Nano said:
Got an email today to say Tracker prices are going up. I've been on it for nearly 12 months now. Not worked out how much it is going to cost or whether it is still the best value yet.

Was good while it lasted!

Edit: Have just done a calc based on the quoted figures. It will be an extra £31 in standing charges, an extra £170 on electricity and £37 for gas. £240 total so a £20 per month increase.
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Not had it yet, is it not just the December 2023 tariff basically?
 
Nano said:
Yes. The one previously discussed. Was hoping we'd be "grandfathered in" for a bit longer and they'd just put new customers on the new calculated tracker.
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Shame, will still be good just less good.

Some people mentioned that agile is also getting a funding calculation update on the 15th
 
With energy prices falling I'm not sure of the justification for this price increase, or if I am honest by their explanation of why they have to do it.

Standing charges increasing is just a rip off though...the standing charges went up to allow costs from failed providers to be recouped. Regardless of the debate about whether customers should have to pay for failed suppliers, surely that increase should have been a temporary measure. Instead it has been baked in and allowed to rise even more.
 
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sherlock1969 said:
With energy prices falling I'm not sure of the justification for this price increase, or if I am honest by their explanation of why they have to do it.

Standing charges increasing is just a rip off though...the standing charges went up to allow costs from failed providers to be recouped. Regardless of the debate about whether customers should have to pay for failed suppliers, sureny that increase should have been a temporary measure. Instead it has been baked in and allowed to rise even more.
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It's probably because tracked costs them money. Octopus made their first ever quarterly profit recently and they probably see this as something getting bigger as time goes on and don't want it to be a increasing cost going forwards

Re SC's I upside you have to look at how much they've raised above the cost of transportation and infrastructure costs - think the govt spent a few £b on bulb before Octo bought it, then all the other failed ones.
 
Also had the confirmation email of change to the tracker, still an absolutely fantastic option for us though.
I saved £750 in 2023 maybe won't be as much this year but compared with the capped tariffs it's an absolute steal, approx 40% cheaper on current wholesale prices.
I would recommend people still switch, best option available.
 
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