Help with Gas n Leccy

ThatFragranceGuy said:
Also if you do join octopus ignore the quote they give you when joining - you join them at the standard tariff and that's what they quote you on, but you then join the tracker. The standard tariff is practically the same as the fix above anyway though and you can switch back to it any time, there are no exit fees.

@Boro999 if you have the amount of units you use I can work it up for you too
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Well that's made my mind up.
One last thing , I don't have a smart meter at the moment. Will that make a difference or will they install one ?
 
sherlock1969 said:
How much do Octopus charge up front? Seem to remember someone saying they wanted a month in advance and a further payment two weeks later? Added to the payment that the outgoing supplier will want that will potentially be 3 payments in a month? (though aware the old supplier would eventually have to refund.

Ta.
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Usually you would make a months payment shortly after joining and then just whenever your DD is due

They're not credit accounts, so generally you have some money in ready to be billed but of all the suppliers I have used they've been the best for letting you change your DD and quickly get any excess money back

My old supplier, outfox, was ok but their fb group has people saying they've got £2k credit balance and they're only letting them refund a small bit
 
Blf said:
Well that's made my mind up.
One last thing , I don't have a smart meter at the moment. Will that make a difference ?
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No, your journey will look like this

* join on the standard tariff
* tick box to say you'll have a smart meter
* get a live date
* day you're live contact and ask again about smart meter
* day it gets installed ask to move to tracker

In interim you'll be on standard rate but that's what you're on anyway more or less

They're quick with smart meter installs - 2-3 weeks is typical
 
ThatFragranceGuy said:
No, your journey will look like this

* join on the standard tariff
* tick box to say you'll have a smart meter
* get a live date
* day you're live contact and ask again about smart meter
* day it gets installed ask to move to tracker

In interim you'll be on standard rate but that's what you're on anyway more or less

They're quick with smart meter installs - 2-3 weeks is typical
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Thanks for your help mate.
Thanks for all the other replies too.
 
One thing I'd say is, are your meters close together? Generally need to be within 10m of each other to get a smart meter and not above small ladder height
 
ThatFragranceGuy said:
One thing I'd say is, are your meters close together? Generally need to be within 10m of each other to get a smart meter and not above small ladder height
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They are side by side a couple of ft off the floor in separate cupboards on a outside wall.
 
Blf said:
Coming off a 5 Yr fixed deal on Oct 31.
I'm with Shell who have said my yearly projection is Gas 10190.05 kwh and
Leccy 1844.37 kwh.
They say this is around £1559 a year but that's if I have the same usage.

They have offered me a monthly DD of £134.30 for 12 month
Or a DD of £133.19 for a fixed 14 month.
I have been paying £89 p month for the last 5 years.

I've been reading the Octopus tracker thread but got a bit lost. On top of this Shell have told me they have been taken over by Octopus so could I end up on the tracker anyway?

Should I just take the fixed rate one for 14month?
Any advice would be appreciated as I'm a bit unsure on how to progress.
Thanks.
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If you're lost, just go on the Octopus thread and ask questions, it might help others too (y)

@ThatFragranceGuy is the most up to speed on it, I'll eat my hat if what he says is wrong if you give him your usage data.

Tracker will likely win in 9/10 scenarios (over a calendar year), and the other scenario which wins 1/10 would be something like intelligent if you have an EV and do loads of miles, or agile if you can load shift (or just not use much between 4pm and 7pm). I'm on agile electric and tracker gas. What I've alrady saved in around 4-5 months has me about a grand in credit over the price cap.

Teh faster you get on the tracker the better, and it will help build upa war chest. If it's not working out, just switch to a fixed then, the rates will be similar.

Tying people into 1 to 5 year fixed deals is basically a con in the current market, as current prices are far lower that the troublesome times and futures prices are far lower than them too (as in 1/7th of the peak price). It's a trap to pretend like the energy situation is likely to go back to what it was in 2022, which is what energy companies are praying on when offering these caps as some sort of protection, but it's not possible for Russia to cause that mess again. A war with Qatar, Saudi or the USA might, but they're not exactly likely.

This is the gas prices, and the main damage was summer 2022, we're back in times of low variance and nations have been stockpiling for winter, during this time.
1695138224488.png

Prices won't be going back to summer 22 prices, as we're not going to be having an additonal energy war on top of the one already happening/ happened (which will possibly be closed out around winter anyway). There likely won't be any further cuts to european supply, as russia can't really cut them any further as the pipes have already been cut off. EU countires already will have supply agreements fixed and locked in place, to cover winter.

Russia is making half the money off oil and gas for Q1 2023 to Q1 2022, and that revenue is half of their overall budget. The war will either stop because they get beat, or it will stop because they run out of money etc.
 
I was dubious about changing to Octopus a month or so ago. So glad I did, the change was easy & quick, and I've been well impressed by their customer service, apps, and everything really. Bit of a no brainer at the moment!
 
Emmersons_BrazillianDong said:
Can't you get a smart meter Col or are you choosing not to?

I would recommend just biting the bullet if you can bud
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Yeah, been avoiding it to be honest, but I don’t think the issues are there now with the first gen lot now smets2 are installed, do you find them helpful and preferable?
 
coluka said:
Yeah, been avoiding it to be honest, but I don’t think the issues are there now with the first gen lot now smets2 are installed, do you find them helpful and preferable?
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They're massively better. You don't even have to use the display, it's basically a choice though between seeing what you owe in near real time or finding out when your bill lands.

Worse case a smart meter that isn't working is going to work the same as a regular meter, so even if it did have issues you aren't really any worse off. Except it means you can get tariffs like this which makes it worth while
 
coluka said:
Yeah, been avoiding it to be honest, but I don’t think the issues are there now with the first gen lot now smets2 are installed, do you find them helpful and preferable?
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Ahh yeah I avoided the first gen too because of all the issues with them. Had mine in a couple of years now and no issues at all. I have found it so much easier than doing the manual reads that I was doing. Would definitely recommend you get one, if only to access the best deals possible. You’ll save a bomb
 
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