Octopus energy company. Anyone use 'em?
Discussion
John87 said:
J210 said:
Go rates updated for April nbasicly 2p off the standard rate and a 14p increase in standing charge. brilliant
1p on standing charge and 3.5p off unit rate for me which seems fair compared to the price cap. If you have 14p added to the standing charge it must have been one of the lower ones to begin with Edited by M1AGM on Thursday 14th March 17:57
540TORQUES said:
I don't have a smart meter. I send correct readings every month.
You don't need a smart meter, I used to be on it when sending my own readings in.If you forgot you just got an estimated bill and they took that amount.
I much preferred it TBH.
Currently have £900 in my octopus account as they haven't charged me for electric since September. I dont want to ask for it back though as they will then send me a bill and I'm hoping to make it passed the 12 month point.
M1AGM said:
John87 said:
J210 said:
Go rates updated for April nbasicly 2p off the standard rate and a 14p increase in standing charge. brilliant
My standing charge has gone from 55 to 69p, I suspect the same as j210. I don’t think that was one of the lower ones? They say they set the SC below the ofgem figure, but I don’t understand how I pay more for supply than others, an example earlier is 48p. Seems they make up the SC to fit the tariff.https://www.ofgem.gov.uk/information-consumers/ene...
silentbrown said:
M1AGM said:
John87 said:
J210 said:
Go rates updated for April nbasicly 2p off the standard rate and a 14p increase in standing charge. brilliant
My standing charge has gone from 55 to 69p, I suspect the same as j210. I don’t think that was one of the lower ones? They say they set the SC below the ofgem figure, but I don’t understand how I pay more for supply than others, an example earlier is 48p. Seems they make up the SC to fit the tariff.https://www.ofgem.gov.uk/information-consumers/ene...
According to the tables (if I am reading it right) in Yorkshire on a multi price tariff the SC is 67p from April. I will be paying 69p in Yorkshire, on Go. Small beans i know, more curious as to why the discrepancy and the claim made by Octopus.
silentbrown said:
Standing charge cap varies radically for different regions. 60.10p is just a UK average.
https://www.ofgem.gov.uk/information-consumers/ene...
Well that's an eye opener! It's £101/year more expensive to have electricity supplied in Liverpool than London!https://www.ofgem.gov.uk/information-consumers/ene...
540TORQUES said:
One of the biggest scams in the country is energy companies banking peoples money and not paying interest on these funds.
Yes, horrible scam that they are holding £122 of my money at the moment and terrible that I might have made £2 in interest on it.But then of course if I didn't want to be scammed I could just opt out of paying by direct debit.
540TORQUES said:
Well that's an eye opener! It's £101/year more expensive to have electricity supplied in Liverpool than London!
Or to be be pedantic, that it is more expensive to deliver electricity to *North Wales and Merseyside* than it is London.And is it a surprise that it is more expensive to put power lines to remote hamlets in North Wales than it is in the incredibly dense urban London?
PF62 said:
Or to be be pedantic, that it is more expensive to deliver electricity to *North Wales and Merseyside* than it is London.
And is it a surprise that it is more expensive to put power lines to remote hamlets in North Wales than it is in the incredibly dense urban London?
It's not a surprise that costs of supply vary depending on geography, it does show the folly of not having a central single entity that supplies power to share the cost throughout the nation, rather than smaller profit centres that means the lower paid parts of the country pay more for their essential energy.And is it a surprise that it is more expensive to put power lines to remote hamlets in North Wales than it is in the incredibly dense urban London?
PF62 said:
Or to be be pedantic, that it is more expensive to deliver electricity to *North Wales and Merseyside* than it is London.
And is it a surprise that it is more expensive to put power lines to remote hamlets in North Wales than it is in the incredibly dense urban London?
The other way to look at it is how much power is generated in London? They still need to put power lines in from remote windfarms etc and the people living closer to them pay more. It should really be the same across the country as some live closer to generation while others live close to each otherAnd is it a surprise that it is more expensive to put power lines to remote hamlets in North Wales than it is in the incredibly dense urban London?
540TORQUES said:
It's not a surprise that costs of supply vary depending on geography, it does show the folly of not having a central single entity that supplies power to share the cost throughout the nation, rather than smaller profit centres that means the lower paid parts of the country pay more for their essential energy.
Food is essential, but not every shop charges the same.John87 said:
The other way to look at it is how much power is generated in London? They still need to put power lines in from remote windfarms etc and the people living closer to them pay more. It should really be the same across the country as some live closer to generation while others live close to each other
I would rather suspect that the cost of a large supply to London is vastly cheaper than many many small supplies to hamlets in North Wales.Anyway, none of this is to do with an individual energy utility, but is government policy.
PF62 said:
I would rather suspect that the cost of a large supply to London is vastly cheaper than many many small supplies to hamlets in North Wales.
Anyway, none of this is to do with an individual energy utility, but is government policy.
How much electricity generation is located in London?Anyway, none of this is to do with an individual energy utility, but is government policy.
Evanivitch said:
PF62 said:
I would rather suspect that the cost of a large supply to London is vastly cheaper than many many small supplies to hamlets in North Wales.
Anyway, none of this is to do with an individual energy utility, but is government policy.
How much electricity generation is located in London?Anyway, none of this is to do with an individual energy utility, but is government policy.
I never knew you could have a variable DD based on what you use. I've had a look on my account, but I can't find that as an option howver.
I suppose all this started maybe around 15 years ago ? You used to just get a bill every 3 months following having your meters read, or estimated if you were not in. Then all the suppliers introduced monthly fixed DDs in return for a lower tariff. And people loved that idea.
When you think about it, it's an odd way to pay; you dont pay monthly for your petrol, do you ?
I suppose all this started maybe around 15 years ago ? You used to just get a bill every 3 months following having your meters read, or estimated if you were not in. Then all the suppliers introduced monthly fixed DDs in return for a lower tariff. And people loved that idea.
When you think about it, it's an odd way to pay; you dont pay monthly for your petrol, do you ?
Elroy Blue said:
I've anyways had zero balance as I've paid that way since I joined them
Gotcha. I will definitely look into this because my balance is too high (in my view) and I can afford to pay monthly as required. Should have done this earlier, just did as I was told. My fault. Thanks for the heads up.Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff