phil4
Member
@DaveW Thank you for the information. I moved to tracker for gas and remained on Intelligent Octopus for Electricity. Hopefully will see a reduction in my gas bills. Right now am paying 10p (after government price cap). I presume that as long as the tracker rates are below the 10p mark, we won’t get government price cap benefit. If the tracker prices go above 10p, then the government price cap will kick in to limit the price to 10p. Is that correct?
on the FAQ page at the top:
The Government’s Energy Price Guarantee (EPG) offers a 33.43p / kWh discount against your electricity unit rates, and a 6.7p / kWh discount against your gas unit rates.
The EPG discount will apply whenever Tracker unit rates go above the base EPG level (34p / kWh for electricity and 10.3p / kWh for gas; on average, but this does vary regionally).
For example, a unit rate of 80p / kWh would be reduced to 46.57p / kWh.
A gas unit rate of 20p / kWh is reduced to 13.3p / kWh.
It goes on to explain in detail all the scenarios, so have a read if you're interested: Octopus Tracker Tariff FAQs