Octopus energy company. Anyone use 'em?

Octopus energy company. Anyone use 'em?

Author
Discussion

thetapeworm

11,844 posts

245 months

Thursday 15th August
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I totally forgot so had the dishwasher and washing machine on first thing as usual instead of saving them for later.

MrJuice

3,656 posts

162 months

Thursday 15th August
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I have built up a decent deficit with octopus. £265 at the moment

main reason is we have moved to an EV and any winter suprlus was swollowed pretty quick.

Let's see how long before they ask me to cough up

MissChief

7,227 posts

174 months

Thursday 15th August
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AyBee said:
MissChief said:
My fixed Tariff with Octopus is coming to an end and they're offering their wholesale tracker which is slightly less than their new fixed tariff but that's fixed for a year. I'm expecting the 'cap' to rise later this year so am tempted to fix. Anyone else fixing atm?
What's your usage? Have you got an EV? Can you shift the large power users to off peak periods or do you have young children that need cooking for in the peak period? Do you have a smart meter?
No EV, no Smart meter. No panels or home battery either. I pay £150pm in the winter for both G&E, £100pm in the summer as the heating isn't used at all probably May to October. I'm always in credit too, I've had £150 back and £200 back in the past couple of years but their suggested payment is always more.

AyBee

10,645 posts

208 months

Friday 16th August
quotequote all
MissChief said:
AyBee said:
MissChief said:
My fixed Tariff with Octopus is coming to an end and they're offering their wholesale tracker which is slightly less than their new fixed tariff but that's fixed for a year. I'm expecting the 'cap' to rise later this year so am tempted to fix. Anyone else fixing atm?
What's your usage? Have you got an EV? Can you shift the large power users to off peak periods or do you have young children that need cooking for in the peak period? Do you have a smart meter?
No EV, no Smart meter. No panels or home battery either. I pay £150pm in the winter for both G&E, £100pm in the summer as the heating isn't used at all probably May to October. I'm always in credit too, I've had £150 back and £200 back in the past couple of years but their suggested payment is always more.
£100 per month on electric when you only spend £150 on G&E during the winter sounds a lot! For reference, I spend about £2-300 on G&E during the winter but only about £60 of that is electric and that includes charging my car. I'm on Agile and have a smart meter. If you can shift your usage (look at pricing and put the washing machine, dishwasher, and drier on during the day or at night and cook outside of 4-7pm), it's well worth looking at.

Trustmeimadoctor

13,346 posts

161 months

Friday 16th August
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For me a flat £100 a month covers summer and winter 63.50 electric 12.17 gas last month

73.14 elec 63.81 gas for December

essayer

9,541 posts

200 months

Friday 16th August
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KTF said:
Have you got 2 electric meters?
Yes, two supplies. A pain to have two standing charges, but with one on Octopus Go and the other on Octopus Agile I can take full advantage of both tariffs

MrJuice

3,656 posts

162 months

Friday 16th August
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10.7 kWh used 1-2pm yesterday

We do charge the car whenever so maybe we won't get all 10.7 for free.

But decent enough effort

tamore

7,782 posts

290 months

Friday 16th August
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annoying my car charger was installed in 2014 and 3.6kW was plenty for a phev then!

Wacky Racer

38,919 posts

253 months

Friday 16th August
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I was £850 in credit, requested £500 back, which was returned in four days, so all good.

I don't need to keep a large credit, as if need be, I can always bung in a few quid as a one off payment in winter.

MrJuice

3,656 posts

162 months

Saturday 17th August
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More free power tomorrow 1-2

Nice

MissChief

7,227 posts

174 months

Monday 19th August
quotequote all
AyBee said:
MissChief said:
AyBee said:
MissChief said:
My fixed Tariff with Octopus is coming to an end and they're offering their wholesale tracker which is slightly less than their new fixed tariff but that's fixed for a year. I'm expecting the 'cap' to rise later this year so am tempted to fix. Anyone else fixing atm?
What's your usage? Have you got an EV? Can you shift the large power users to off peak periods or do you have young children that need cooking for in the peak period? Do you have a smart meter?
No EV, no Smart meter. No panels or home battery either. I pay £150pm in the winter for both G&E, £100pm in the summer as the heating isn't used at all probably May to October. I'm always in credit too, I've had £150 back and £200 back in the past couple of years but their suggested payment is always more.
£100 per month on electric when you only spend £150 on G&E during the winter sounds a lot! For reference, I spend about £2-300 on G&E during the winter but only about £60 of that is electric and that includes charging my car. I'm on Agile and have a smart meter. If you can shift your usage (look at pricing and put the washing machine, dishwasher, and drier on during the day or at night and cook outside of 4-7pm), it's well worth looking at.
With the news today from Cornwall insight expecting a 9% increase this week and another potential increase in January I fixed today.



Octopus 12M Fixed
This tariff features 100% renewable electricity and fixes your unit rates and standing charge for 12 months.
Tariff info (all prices include VAT)
Reference OE-FIX-12M-24-08-13
Starts from 12:00 AM, 28th Sep 2024

Electricity
Unit price 22.76p per kWh
Standing charge 61.25p per day

Gas
Unit price 5.79p per kWh
Standing charge 29.60p per day

thetapeworm

11,844 posts

245 months

Monday 19th August
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I have to admit I don't really follow the news too closely or can pretend to understand it all but I keep getting offered fixed rates but then the Octopus app tells me it will cost me more.

I just logged on now and the app isn't working (and I appear to have two balances) but I'll revisit it later and try and work out what's happening - are we expecting the variable rates to increase soon?


Trustmeimadoctor

13,346 posts

161 months

Monday 19th August
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ofgem well announce the new rates on friday for october the 1st

prediction is a rise of £146 over current prices so not exactly a big woop obviously thats only if your using their average

Trustmeimadoctor

13,346 posts

161 months

Monday 19th August
quotequote all
Trustmeimadoctor said:
ofgem well announce the new rates on friday for october the 1st

prediction is a rise of £146 over current prices so not exactly a big woop obviously thats only if your using their average
tracker seemingly has been an average of 31% cheaper over the last year

Mikey G

4,772 posts

246 months

Monday 19th August
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I'm getting Tracker price anxiety, tomorrows price is normally released by now, trying to decide wether to do some washing and charging today or wait till tomorrow hehe

KTF

9,997 posts

156 months

Monday 19th August
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Mikey G said:
I'm getting Tracker price anxiety, tomorrows price is normally released by now, trying to decide wether to do some washing and charging today or wait till tomorrow hehe
Tuesday is showing on mysmartenergy now. Cheaper than todays price in my region.

Trustmeimadoctor

13,346 posts

161 months

Monday 19th August
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im surprised how expensive today was as it blowing quite nicely out there

Mikey G

4,772 posts

246 months

Monday 19th August
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Trustmeimadoctor said:
im surprised how expensive today was as it blowing quite nicely out there
It may be due to a lack of solar, its getting windier though as the day goes on and should be more consistent in the next few days. As tomorrow is cheaper I decided to hold off a few things till then.

silentbrown

9,286 posts

122 months

Monday 19th August
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Mikey G said:
It may be due to a lack of solar, its getting windier though as the day goes on and should be more consistent in the next few days. As tomorrow is cheaper I decided to hold off a few things till then.
Agile down to 2.65p at 12:30 tomorrow afternoon!

tamore

7,782 posts

290 months

Monday 19th August
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another free excess use hour to be announced for tomorrow?