🐙Cut your energy bills nearly in half with Octopus Tracker

I signed up to the rewards scheme not really sure if there is much benefit? What does 500 points represent, anyone know?
 
I signed up to the rewards scheme not really sure if there is much benefit? What does 500 points represent, anyone know?
It's 800 points to a quid so sounds a lot but isn't, but it's free.

You get some for referring people, 500 I think, imagine most will come from turn down and save sessions like we had before
 
Just out of interest how much are people spending? I'm paying £125 per month with a credit built up over the summer month's. Live in a 3 bed bungalow.
 
Just out of interest how much are people spending? I'm paying £125 per month with a credit built up over the summer month's. Live in a 3 bed bungalow.
Have a look at gas tracker - you can filter it by house type etc, there's about 200 on there now
£100 a month did us over summer / autumn with a credit balance, will go up as heating goes on more. We are quite high elec users
 
What kind of range have you seen for leccy over the year? Just to go e me an idea what's a good day and what isn't? Thanks
1698513551806.png

This is the last 365 days, the blue dots are electricity prices on the tracker. the top pink dotted straight line is the price cap at various times during the year, the bottom pink dotted line is the gas price cap and green dots are the tracker gas prices.

As you can see apart from a brief period, its been cheaper pretty much the entire year; THe time when it breached the price cap was when it snowed, and ukraine was a lot more unstable. Obviously no-one has a crystal ball and israel situation is twitchy, but the wholesale price of gas that the tracker is based on is far lower than it was last november/december;

1698513732621.png


Anything under the price cap is a good day - on a 365 day average Elec has been 17p and gas 20p but lots of days where its 15-17p


This next table is big but shows the forecasts into next year - CI say that relatively high bills are likely here to stay until end of the decade - they may gradually fall but dont expect 2015-1019 prices any time soon

I've highlighted the important part in pink as thats relevant to most people - ofgem did a sneaky and changed the calculation to less usage because they said people were using less, but I guess thats because theyre struggling with bills.

1698513982625.png
 
View attachment 65981

This is the last 365 days, the blue dots are electricity prices on the tracker. the top pink dotted straight line is the price cap at various times during the year, the bottom pink dotted line is the gas price cap and green dots are the tracker gas prices.

As you can see apart from a brief period, its been cheaper pretty much the entire year; THe time when it breached the price cap was when it snowed, and ukraine was a lot more unstable. Obviously no-one has a crystal ball and israel situation is twitchy, but the wholesale price of gas that the tracker is based on is far lower than it was last november/december;

View attachment 65982


Anything under the price cap is a good day - on a 365 day average Elec has been 17p and gas 20p but lots of days where its 15-17p


This next table is big but shows the forecasts into next year - CI say that relatively high bills are likely here to stay until end of the decade - they may gradually fall but dont expect 2015-1019 prices any time soon

I've highlighted the important part in pink as thats relevant to most people - ofgem did a sneaky and changed the calculation to less usage because they said people were using less, but I guess thats because theyre struggling with bills.

View attachment 65983
That's really helpful, thank you.
 
So I'm switched, and their target date is 1st of Nov for me to be on their supply.

At what point should I contact them about the tracker?
 
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