No. They can work it out from meter readings. I think there is added incentives for Smart meter customers.Am I right that you need a smart meter. Sure I read it on the thread but don't want to search 6 pages. Thanks.
If you don't have a smart meter then they will obviously just have to do the average for the period so if you know electricity is cheap for a day so you plug your car in that day then they won't know that, they'll just have your 30 day usage for the period split evenly between the 30 days. The average rate is less than the price cap so you will still be saving anyway.Am I right that you need a smart meter. Sure I read it on the thread but don't want to search 6 pages. Thanks.
As said above you don't need one but it's better to have one and they seem pretty quick with appointments. It's fine giving regular readings but your smart meter can do it every 30 minutes.Am I right that you need a smart meter. Sure I read it on the thread but don't want to search 6 pages. Thanks.
It's upto 16 days. Mine installed yesterday took 16 hours (Electric one so Gas might be different). I could see the readings in my Octopus app this morning going back to 1pm yesterday which is when the install was complete.TFG - thanks for the tip. I've just signed up. Unlikely, but slight concern is if they were to pull the tracker before I can transfer from variable tariff as they say its takes up to 16 days to get SMETS2 readings.
Very unlikely they will pull it -it's been going for months and it's getting them customers so think it'll be on long term.TFG - thanks for the tip. I've just signed up. Unlikely, but slight concern is if they were to pull the tracker before I can transfer from variable tariff as they say its takes up to 16 days to get SMETS2 readings.
Should be in theory, but like I say I had smets2 gas and my elec picked up quickly but they've had to find sort out gasMeant I already have smets2 installed (by BG last year) so reckon it will be very quick to ping changeover readings.
Even if they do go above SVR rates, the EPG discount then kicks in - they would have to go above SVR rates + the EPG discount levelTodays rates are:
6.21 kw Gas, which is the lowest this year so far.
25.04 kw Elec, which is down a bit from the last 5 days.
Just to answer a few questions:
No, you don't need a smart meter. I've never had one fitted. But I do take manual readings a couple of times a week to keep straight.
If Tracker prices spike Octopus say you can go back to their Standard Variable with Energy Cap within 24 hours.
Personally, if something geo-political happens to cause a huge spike and I can't get through to Octopus I will do a switch back to Shell SV and then cancel the switch if I can get through to Octopus and/or prices calm down.
In the past Tracker prices have been more than the SV with EC maybe 2 or 3 days a month, so don't get concerned and jump back and forth on tariffs if this happens.
Like the stock market, the odds are in your favour as long you show patience and don't panic sell (or in this case switch).
If you want to know current prices in App:
Click on Usage (lightning symbol middle bottom)
Then under Your Tariff click on the two Octopus Tracker with a purple/pink lightning symbol and the light blue gas symbol.
£50 each still:
Octopus Energy
Octopus customers pay less: Cheaper than price-cap prices, rewards for using less when the grid is stressed, and smart tariff savings for your home, car or batteryshare.octopus.energy
Just had an email wanting me to confirm switching to tracker.
It states;
Current Elec 69.42 kwh
Standing charge 46.95per day
Tracker average for the year 53.96 kwh
Standing charge average 17.96 per day
Current Gas 17.09 kwh
Standing charge 26.84
Tracker average for the year 17.09 kwh
Standing charge average 15.08 per day.
Looks like I will be saving quite a bit but confusingly they want to increase my Direct Debit by an extra £100 per month.
Originally I was with Eon and paying £185 per month, and over £300 in credit. Im now expected to pay £317 per month.
That's a large increase considering I'm supposed to be saving money. I assume I will be building up credit again before my D/D drops again, they did it with me