Way_Out_West
Well-known member
Saving session today 5pm for 1 hour
šCut your energy bills nearly in half with Octopus Tracker
- Thread starter ThatFragranceGuy
- Start date
Also, on the app you can get a free hot drink at Greggs every week.
I wouldn't go out my way for a Greggs coffee but if you are in there anyway then that's a bonus.
brattleboro
Well-known member
I got email the my contrct is due to run our in 8 days time with the tracker tarrif can i stay on the same tarrif for my gas and elec as are happy on it that
ThatFragranceGuy
Well-known member
Yes, when it renews it will be a few p more expensive but not massively so
ThatFragranceGuy
Well-known member
Sorry was on a work call so gave a quick answer but this is in more depth
Basically in December octopus made a new version of the tracker, it's a tiny bit more expensive on gas and 1-2p more expensive on electricity
If you go to gastracker.uk and select December 2023 tariff for north east you can see the rates difference vs one of the earlier ones, it's more expensive but miles cheaper than anything else out there so it's still a no brainer for now
Unit rates will still change daily, but the formula is then fixed for 12 months, at which point you then renew again
Down to how ofgem implants price cap as if the tariff has no end date they can't enforce the price cap which would cause problems if prices ever spike
Everyone getting moved over on feb 15th I think
sherlock
Well-known member
Octopus seem to take ages to process a refund request, did one online 10 days ago and still says pending.
ThatFragranceGuy
Well-known member
Yeah it's usually taken about 8 days for me in the past, but in terms of energy suppliers I would say that is pretty fast and fairly hassle free
Low_Key
Well-known member
they did say 10 days for the money to come back to me. so should be sometime next week
sherlock
Well-known member
It works fine.
You use it with the app. The mini sends the usage data and the app uses the current daily tracker price to give your spend
Yeah, they work on the tracker. They're not a game changer and it depends on how much you keep an eye on your energy consumption as to whether you'll get any benefit from it. Not a bad tool to have though.
ThatFragranceGuy
Well-known member
The mini just replaces the part of the IHD (the home display) that apps can't replicate which is real time elec usage.
Someone said it sends readings but any time my meter drops off octopus doesn't get the readings so even though they told me that, it can't do else that wouldn't be an issue, but it's a tweet sent every few weeks so not a hardship
It's tiny, just plug it in somewhere out of sight and forget about it. You see the info in octopus app but there are also some third party apps that use it too e.g octo watch on iOS
I'd just unplug the ihd because the Ā£ usage is always going to be wrong and apps have all the info you need
Someone said it sends readings but any time my meter drops off octopus doesn't get the readings so even though they told me that, it can't do else that wouldn't be an issue, but it's a tweet sent every few weeks so not a hardship
It's tiny, just plug it in somewhere out of sight and forget about it. You see the info in octopus app but there are also some third party apps that use it too e.g octo watch on iOS
I'd just unplug the ihd because the Ā£ usage is always going to be wrong and apps have all the info you need
ThatFragranceGuy
Well-known member
You can already get that without the mini, either in octopus or a third party app. Your smart meter will break down usage into half hourly intervals. The mini just lets you add real time use, with about 10 seconds lag
Just keep in mind phantom load overnight - fridges / freezers / standby stuff
Phones charging cost about Ā£2 a year max
Stuff like games consoles being played or gaming PCs running will cost a lot, gaming pcs not running games will use some but nowhere near as much as the psu will step the supply and the guy draw will be negligible
Emmersons_BrazillianDong
Well-known member
Heres a little write up on the Home Mini https://cyberhost.uk/octopus-home-mini-teardown-review/
Andy_W
Well-known member
I find it odd that the tracker rates have changed for the worse, but appreciate it's largely been forced on Octopus by the government/ market, but why? I think it's because too many people have been cottoning on to the scam that is our UK energy pricing, and the markets have got scared of Octopus and how they had lost their lock in. I'm more convinced than ever that there's something going on behind the scenes to exploit energy customers.
Remember when some were slating or concerned by the tracker and non-fixed tariffs like agile, and worried a big gas peak was coming back? Well, its not happened, as there was no reason it would come back, it's not like Russia could blow up their own pipelines for a second time, or cut back on what they're not supplying.
Have a look at the US futures gas prices below. They are now are basically at the lowest level they've been for been for a decade, and back to levels from the 90's!
So, if electric prices got jacked, well in advance, largely because of futures gas prices, and the gas is already (and futures are) at such low prices then how come fixed electric prices haven't come down, and why are the energy caps so quick to go up, and so slow to come down? Profiteering, and it's worse now than it's ever been. At least prior, the energy companies could say they were concerned about what markets could do and were covering their ****, but what are they covering now?
UK gas futures are basically half of the lowest they've been for two years (other than this winter futures price decline), and conveniently the UK futures graphs only go back two years, wonder why that is?
Why are they still talking about price cap rates (and basically trying to get the public to repeat this narrative?), and not unit price rates? Because it makes it easier for them to hide what's going on.
Why aren't Ofgem doing their job? What really is their job, is it protecting consumers, or suppliers profits?
Price cap rates are 29p per kWh, to March, why? It should have already been less than 15p already, whole winter, and those using smart tarrifs way less than this.
Electric futures prices are Ā£58/MWh (less than gas even costs to generate), which is 5.8p per kWh, so why are fixed payers paying 28p?
Anyone got a guess on what the new price cap figures will be when released on 23rd Feb? My bet is ~25p, when in reality they could likely be half that and still making massive profits.
Energy prices are a big factor with inflation, and growth, everything relies on it, so why have we only seen such minor deflation in energy? With energy, things are supposed to have an equal and opposite reaction, so why hasn't it? Who's getting the money, and why?
Remember when some were slating or concerned by the tracker and non-fixed tariffs like agile, and worried a big gas peak was coming back? Well, its not happened, as there was no reason it would come back, it's not like Russia could blow up their own pipelines for a second time, or cut back on what they're not supplying.
Have a look at the US futures gas prices below. They are now are basically at the lowest level they've been for been for a decade, and back to levels from the 90's!
So, if electric prices got jacked, well in advance, largely because of futures gas prices, and the gas is already (and futures are) at such low prices then how come fixed electric prices haven't come down, and why are the energy caps so quick to go up, and so slow to come down? Profiteering, and it's worse now than it's ever been. At least prior, the energy companies could say they were concerned about what markets could do and were covering their ****, but what are they covering now?
UK gas futures are basically half of the lowest they've been for two years (other than this winter futures price decline), and conveniently the UK futures graphs only go back two years, wonder why that is?
Why are they still talking about price cap rates (and basically trying to get the public to repeat this narrative?), and not unit price rates? Because it makes it easier for them to hide what's going on.
Why aren't Ofgem doing their job? What really is their job, is it protecting consumers, or suppliers profits?
Price cap rates are 29p per kWh, to March, why? It should have already been less than 15p already, whole winter, and those using smart tarrifs way less than this.
Electric futures prices are Ā£58/MWh (less than gas even costs to generate), which is 5.8p per kWh, so why are fixed payers paying 28p?
Anyone got a guess on what the new price cap figures will be when released on 23rd Feb? My bet is ~25p, when in reality they could likely be half that and still making massive profits.
Energy prices are a big factor with inflation, and growth, everything relies on it, so why have we only seen such minor deflation in energy? With energy, things are supposed to have an equal and opposite reaction, so why hasn't it? Who's getting the money, and why?
ThatFragranceGuy
Well-known member
The forecast price cap rates from march onwards drop quite steeply
It's no tracker, but unless octopus price goes down a bit more on tracker the gas is less of a difference. Elec still a decent difference
Tracker averages 17.2p/44.11p last 30 days
It's no tracker, but unless octopus price goes down a bit more on tracker the gas is less of a difference. Elec still a decent difference
Tracker averages 17.2p/44.11p last 30 days
sherlock
Well-known member
Those prices are still too high though given the actual wholesale prices.