🐙Cut your energy bills nearly in half with Octopus Tracker

I've just taken the plunge. As said above nothing to lose.
My current provider quoted 62.193p/kWh for Electric for January. Even if I left it on variable with Octopus it would still work out cheaper.
 
My head started hurting reading all that. I am on a fixed term till August and will then need to find a new tariff/provider. Will this tariff even exist when I need to move to an new provider?
 
My head started hurting reading all that. I am on a fixed term till August and will then need to find a new tariff/provider. Will this tariff even exist when I need to move to a new provider?
It's existed for quite a while before that so yes

Quick summary;

You join on standard tariff
You as on Twitter or email or call to join this rate
You pay a tracker rate going forewords
You then save money
If rates go up, you benefit from the same level of EPG discount as anyone else would
You can ask to leave any time and go back to the standard rate
Historically it's almost always been a decent discount on EPG

Just keep an eye on the app to track prices every few days and you're good


And if you use the below link, you get £50 credit on your bill to boot.

 
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Took the plunge as well, seems to make very good sense, above link gets us both £50 if you join by using it.
Thank you for the advice, if we are careful and get track can save a fair bit of cash.
 
Must say very impressed with Octopus customer service, as mentioned by others you move to a standard tariff and request to be moved over, confirmation came back within an hour and New tariff and switch will be complete on Saturday.
Much better service than I'm used to with EDF
 
Yeah I was shocked by the speed of the move usually taken a few weeks but wonder if it's made a lot easier by having smets2 smart meters so reads etc all instant rather than waiting for confirmation from other supplier etc
 
Excellent opportunity if you are able to keep an eye on the wholesale rates and are prepared to take a chance.
As long as you are tracking the rate then you cannot go far wrong.
Thanks for the advice, please take a look everyone
 
I'm blown away by Octopus and the efficiency, above link gets us both £50 for signing up.
Tracker tariff, if you invest on the stock market and are happy to take a risk (you can bail out at any time though) then this is for you...
 
If you have an iPhone or iPad, the below steps will create an automation to tell you the daily unit price for both fuels, looking at historic levels it's about 20-30% savings on SVR unit prices

iOS Shortcut to Get Daily Notifications of Tracker Prices

For anyone interested in being notified of tracker prices, there are 2 iOS shortcuts (which use the Apple Shortcuts app) that you can add to your phone and set up a simple automation that gives you a notification of the daily tracker gas and electricity prices.





Gas icloud.com/shortcuts/f5e2b9aa94964f4da0513b3ddaa4edee





Electric icloud.com/shortcuts/f3ce2ba605a34794b2a5d726f0d11d25





Once you add these two shortcuts to your shortcuts app, you can do the following:





1. Click on the “Automations” tab


2. Click the + at the top right corner and select “create personal automation”


3. Select “time of day” which is the first option


4. Choose the time of day (put the time as 10 minutes from now so you can check it works when done and then you can change it after testing) and how often you want it repeated - I chose 8am daily but you can change it any time.


5. Click “next” and in the search bar at the bottom type “run shortcut” and select it


6. Now you will see the words “Run Shortcut” at the top with “Shortcut” written in blue


7. Click on that blue font “Shortcut” text and scroll down the list until you find “Gas price tracker” and then click “next”


8. Toggle off the option which says “ask before running” and then select done





Now you can close the app and if you remember what time you set the automation to run, you can wait until that time to make sure it works and the notification of today’s gas price comes to your phone.





Now you can repeat the same steps above if you want the same automation for electricity daily prices.





By default, the URL used in the shortcut will not be for your region, there is a single letter code for each region, so you will need to open the shortcut by clicking on the 3 dots for each shortcut icon and edit the letter that appears before /daily in the URL to whichever region you’re in.

This is an example of the URL that you will see when you open the shortcut to edit it: https://octopus.energy/api/v1/tracker/G-1R-SILVER-FLEX-22-11-25-A/daily/current/

By default it will say K/daily in the URL, so I changed mine to F/daily as my region is north east of England (if you're in another region, google octopus DNO regions for your code)

If you're still on the fence, these are the gas unit rates from the last 15 days or so. EPG is about 10p a unit, so it's decent savings. Elec is 20-24p

Can switch away at any time so if they go up just come off it for a few days


Above link gives you £50 credit if you sign up. If you signed up already and didn't use a referral you should be able to log in and apply it. Even if you stay on the standard rate it's still £50 less than you would have paid.
 
Quick update

Switched on the 3rd
So far really good experience
Quick responses to questions on Twitter
They had our gas meter serial number as our old meter so have changed it with them
They've said takes about 2 weeks for them to be able to connect to our meter. In the mean time, or if you don't have a smart meter, it uses an average of each months daily rate (you can provide reads as often as you like)

This is todays rates btw

7DEFACE1-BB5F-4405-BDA6-E68FE5399AFF.jpeg


So for me I was with GEUK on a fix but was paying discounted rates because fix was higher than epg.

My unit rates were elec 32.25p and gas 10.21p so todays price is a saving of 5.2p on elec and 3.22p per unit on gas

Yesterday we used 11.99kwh elec and 63.79kwh gas so this has saved us 62p on the elec and £2.05 on gas

Will average out some over the month but if it stayed roughly at those levels that would be £19.22 saved on elec over a month and £63.55 on gas

Obviously unit rates will fluctuate but looking at historic prices and doing these figures it's looking like a good move for now.
 
Why can't we just have one supplier so that I don't have to waste my time on all this boring ***** to try and get a decent price.
It would be easier, but it's fairly straightforward to do all this I guess. In times where there wasn't an energy crisis, at least different suppliers gave people a price option if they were savvy. Would it be as cheap if there was just one supplier? Not so sure; yes no shareholders or profits to worry about but probably less investment, more inefficiencies etc and it would probably be ran by capita or serco in a "race to the bottom" same as the DCC is. Or track and trace, for a more recent example
 
Key thing is for those that have switched to this is to contact octopus and ask to move to their tracker product, as until then you will just be in their standard tariff 👌🏻
 
It would be easier, but it's fairly straightforward to do all this I guess. In times where there wasn't an energy crisis, at least different suppliers gave people a price option if they were savvy. Would it be as cheap if there was just one supplier? Not so sure; yes no shareholders or profits to worry about but probably less investment, more inefficiencies etc and it would probably be ran by capita or serco in a "race to the bottom" same as the DCC is. Or track and trace, for a more recent example
It really isn't straightforward at all. I find it very difficult to understand. We just need state run utilities so that everyone gets the best price. It's also yet another way you get ****ed over as a renter as you are unable to sign contracts that extend beyond your tenancy.
 
It really isn't straightforward at all. I find it very difficult to understand. We just need state run utilities so that everyone gets the best price. It's also yet another way you get ****ed over as a renter as you are unable to sign contracts that extend beyond your tenancy.
What part are you struggling with and I will summarise?
 
All of it. I am not talking about this deal. I am talking about the process to find a decent supplier and having to wade through every offer to try and make sense of whether you will save anything.
 
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