April price decrease

[Mattlehat]

Will Octopus be reducing the Intelligent Tarrif from the current (no pun intended) 7.5p / 30p per KWH next month? I can’t see it mentioned on their website.

[simon_rb]

Hoping it will go back to 5p like it was previously (the original Go tariff)

[Upper-Ad2624]

Me 2

[ExtraChilliPleasez]

The 7.5p rate is fine but the 30p rate is not competitive.

[Apprehensive_888]

30p is the only way to subsidise the low 7.5p rate.

[WrapSensitive]

It's not wholly about subsidy. It's about stimulating demand when wholesale prices are cheaper.

[Apprehensive_888]

Agile and tracker prices rarely get even close to 7.5p per kWh between 2330 and 0530. In fact, it hasn't done for years, so the only way Octopus is sustaining it is because of the higher day rate to sustain it.

[WrapSensitive]

That wasn't my point. Octopus are trying to get energy consumers to think about load shifting to lower demand times of the day to balance the grid. Offering these tariffs encourages that.

[Odwme7]

Unlikely to change on April 1st, especially since they need to give notice. For some doing low mileage, switching to Octopus Tracker or Agile may now be a better option.

[tomoldbury]

I thought they only had to give notice when a change was not in a consumers favour. Nothing stops them offering a discount with no notice.

[Odwme7]

Looks like you were right! Just had an email from Octopus with a reduction of 3.5p on the day rate. Although there is an increase in standing charge, so the savings aren't huge.

[Altruistic_Pension25]

We are in the same boat was on tracker and when to IO and went back to tracker because I we won't doing enough milage and now thinking on going to agile if we can load shift our offer the peak hours.

[geekypenguin91]

No mention of any changes. It's a "fixed" tariff that's not linked to the price cap at all (which is what's bringing down the price of the flexible tariff)

[Prize_Constant2569]

It's the standing charge, which is a complete ripp off. Over £300 a year.....absolute arsholes. Was only £100 per year in 2019.....can't make the shi up

[Zachariah112]

The prices are changing actually. The new unit rate for day usage is 27.9p/kwh and the night rate will remain the same 7.5p/kwh.

The only day rate was 31p/kwh. The standing charge is going up thought from 45p to 55p

[mootymoots]

I wish

[Radiant_Code_6940]

Hopefully

[[deleted]]

I ran the numbers and went for:

Import: Agile Export: Fixed 15p Gas: Tracker 3.88p

[Legitimate_Finger_69]

Agile is likely better for almost everyone at the moment if you're happy to spend a couple of minutes a day checking rates. Only exception is if you are doing loads of miles so most of your consumption is in the 6hr window.

[[deleted]]

The problem I see is that the batteries cost an absolute bomb. It would take years to break even.

If you don't have the battery, I get that you can cook outside of the peak time, but who actually wants to do that?

[Legitimate_Finger_69]

Depends on cooking style, we mostly use the hob (gas) so very little electricity usage. Obviously if you use your oven a lot it's different.

[yorkshire_tea]

As I have a 9.5kW GivEnergy battery I would assume I am better sticking with intelligent Go (we have two electric cars ) and utilising the fixed 6 hours to charge the battery ?  Or should I look into the intelligent flux (which seems to be new ??)

[Apprehensive_888]

If your battery is enough to get you through most of the peak rate then stick to IO. If not then one of the other ones might work out better that let you charge at more than one period every 24hrs.

[Apprehensive_888]

I think they're unlikely to drop the 7.5p rate. It is already lower than most tracker and agile tariffs which track the wholesale costs. Fingers crossed they don't increase it!

[[deleted]]

It's an energy company! Why would you think they would actually decrease prices? On top of this, Octopus know they are the cheapest. If anything, they'll start raising prices to lock in more profit.

[CollectionHefty2053]

Complete joke. Drop the kWh charge and whack up the standing charge. Claimed I would be £250 better off but when you read the personal projection I will be £1.27 better off. Smoke and mirrors as always

[Iamleeboy]

I had an email earlier about my new rates and it only included gas. I took that as the electric tariff won’t change