šŸ™Cut your energy bills nearly in half with Octopus Tracker

sherlock said:
This couple of days so far is about the only time tracker has gone well above the price cap in the last year. The rest of the time it has been below, sometimes well below.

I donā€™t think it makes much sense jumping ship the first time this happens for a day or two.
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I think it depends on which tracker tariff you're on. I'm on July 2024 v1 and it's been above the price cap most days for a little while now.

My old man has just moved onto Octopus fixed for 12months for the electric. 21.70 unit rate and 70p/day standing charge. He's left his gas on the tracker tariff for now.

Going to monitor the tracker over the next week or two but I'm thinking this may be the best option moving forward. My standing charge on the July 2024 tracker is 69p/day anyway.
 
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When you are comparing the tracker, why do people always compare it to the price cap and then decide if it is still worth it.

Shouldnā€™t you be comparing it to the best deals you can get, because youā€™re highly unlikely to pay the price cap anyway.
 
BigJack said:
When you are comparing the tracker, why do people always compare it to the price cap and then decide if it is still worth it.

Shouldnā€™t you be comparing it to the best deals you can get, because youā€™re highly unlikely to pay the price cap anyway.
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What are the best fixed tariffs at the minute? I'm not talking agile or cheap overnight tariffs. Any under 20p kw/h?
 
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SE4 Red said:
What age the best fixed tariffs at the minute. I'm not talking agile or cheap overnight tariffs. Any under 20p kw/h?
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I have just switched to Tomato Lifestyle Pensioner. I am not a pensioner, but you donā€™t have to be, you just choose the lifestyle option that suits you.
For me, it works out to about 17.5p per kw and 47p standing charge. Thatā€™s standing charge is about 24p less than most suppliers Standing charges, I average about 12 kW per day over the year, so thatā€™s worth an extra 2p per kilowatt off my price compared to other suppliers. So I am effectively paying 15.5p kw if you compare it to suppliers with standing charges about 71p. Hope this makes sense.

This deal is fixed for 12 months with no exit fees.

Edit- I forgot to mention, to go on these flexible tariffs with Tomato you need a SMETS 2 smart meter. The SMETS 1 smart meters caused Tomato a lot of problems, that is why they were getting a lot of billing complaints on TrustPilot. So if you only have a SMETS 1 smart meter you can only go on their standard fixed price tariff, which is still about the cheapest on the market.
 
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BigJack said:
I have just switched to Tomato Lifestyle Pensioner. I am not a pensioner, but you donā€™t have to be, you just choose the lifestyle option that suits you.
For me, it works out to about 17.5p per kw and 47p standing charge. Thatā€™s standing charge is about 24p less than most suppliers Standing charges, I average about 12 kW per day over the year, so thatā€™s worth an extra 2p per kilowatt off my price compared to other suppliers. So I am effectively paying 15.5p kw if you compare it to suppliers with standing charges about 71p. Hope this makes sense.

This deal is fixed for 12 months with no exit fees.

Edit- I forgot to mention, to go on these flexible tariffs with Tomato you need a SMETS 2 smart meter. The SMETS 1 smart meters caused Tomato a lot of problems, that is why they were getting a lot of billing complaints on TrustPilot. So if you only have a SMETS 1 smart meter you can only go on their standard fixed price tariff, which is still about the cheapest on the market.
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Good advice.

I moved to them about a month ago now and had a great experience but if you have the old meter there been problems for quite a few.

Octopus compare is great but if you're moving from tracker and planning on load shifting to the cheap overnight like tomato, the comparison isn't going to show you the full savings and won't be accurate unless you also currently charge overnight with Octopus.

When I was on tracker, I just charged the car when it was needed. So if the cost pkw on tracker was 24p, it would cost me Ā£9 to charge the car from empty to full. Now it costs Ā£1.90.

You don't need many charges to start seeing some savings on that alone
 
SE4 Red said:
Can you get tomato to install a new meter if you only have a SMETS 1?
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I asked them this exact question the other day because my mum is thinking of changing to them and she has a SMETS 1. They said if you are with one of the major suppliers it would be best to get them to change it first and then switch.
 
Emmersons_BrazillianDong said:
Good advice.

I moved to them about a month ago now and had a great experience but if you have the old meter there been problems for quite a few.

Octopus compare is great but if you're moving from tracker and planning on load shifting to the cheap overnight like tomato, the comparison isn't going to show you the full savings and won't be accurate unless you also currently charge overnight with Octopus.

When I was on tracker, I just charged the car when it was needed. So if the cost pkw on tracker was 24p, it would cost me Ā£9 to charge the car from empty to full. Now it costs Ā£1.90.

You don't need many charges to start seeing some savings on that alone
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That is a good saving, I donā€™t have any load shifting to do because I donā€™t have an electric car. But I am very interested to know how many miles you get for that Ā£1.90.
 
was there a world previously whereby people just paid the going rate for gas & leccy, and monitoring every fookin thing wasn't a thing? or am I going mad.
 
afcb_acklam said:
was there a world previously whereby people just paid the going rate for gas & leccy, and monitoring every fookin thing wasn't a thing? or am I going mad.
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Wasn't this how it was before the energy price crisis? I know I never did this before, but the idea of getting Ā£700+ per month energy bills drove me to it.
 
BigJack said:
That is a good saving, I donā€™t have any load shifting to do because I donā€™t have an electric car. But I am very interested to know how many miles you get for that Ā£1.90.
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175 miles regular driving and about 155ish if its motorway mate.

If its really cold that drops a little but not by much.
 
Emmersons_BrazillianDong said:
175 miles regular driving and about 155ish if its motorway mate.

If its really cold that drops a little but not by much.
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Thats brilliant, i have just worked it out and that would cost about Ā£23.00 in my 2.0L diesel car.

That is 12 times cheaper for you, i knew there was a big difference but i thought it was only about six times cheaper.

Shame i can't afford one, but if i could i would be clawing money back straight away with figures like those.
 
BigJack said:
Thats brilliant, i have just worked it out and that would cost about Ā£23.00 in my 2.0L diesel car.

That is 12 times cheaper for you, i knew there was a big difference but i thought it was only about six times cheaper.

Shame i can't afford one, but if i could i would be clawing money back straight away with figures like those.
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I was lucky as it was a dirt cheap lease that I got 4 years ago and includes all insurance and servicing for less than Ā£250 a month.

Those offers just don't exist anymore and it was even a bargain at the time. I'm buying a second hand EV next year, there's some really good cars at a much reduced rate than new
 
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