Pink Duck
Active Member
Energy suppliers are due to contact customers shortly about the impact on expected October rates, including fixed and possibly option to switch to standard variable without penalty.
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Octopus Energy, including Intelligent and go
- Thread starter UrbanSplash
- Start date
MattM76
Member
RedMod3
Member
If I get 30% off, my rates will become 3.5p/10.91p; I really can't see that happening. I won't speculate anymore, and will wait until I hear from Octopus.
More accurately, they're ToU tariffs. That I suspect, along with Octopus' long-standing position that the 5p/7.5 rate represents particular value, makes me think they'll leave them alone.
One of those where I'll be delighted to be be proved incorrect
Still ‘fixed’ term tariff. Time will tell haha.More accurately, they're ToU tariffs. That I suspect, along with Octopus' long-standing position that the 5p/7.5 rate represents particular value, makes me think they'll leave them alone.
One of those where I'll be delighted to be be proved incorrect
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Updated factsheet published: Energy bills support factsheet: 8 September 2022
If Go is fixed then it seems amazing
The thing to note is the government are giving Octopus 17p per unit: Octopus lose nothing. So fingers crossed!
If Go is fixed then it seems amazing
The thing to note is the government are giving Octopus 17p per unit: Octopus lose nothing. So fingers crossed!
I’m so confused. I’ve just moved my tariff to Octopus Go and according to the app pay the following: 37.65p (dynamic unit charge) and between 4.30am thru to 00.30 I pay 40.13pkwh. Before I fixed there was a period of very low pkwh between 00.30 thru to 4.30am. That’s now disappeared. Have Octopus already factored in the changes? And more importantly is this good as I’m fixed for 1 year?!
MattM76
Member
That box is confusing. The 37p is the standing charge. The “dynamic rate” means the 40p/7.5p rate. You have the correct rate, don’t worry.
It does look like that on the app, login to the website and you will see the off peak rate, it doesn’t show in the app
App
Website
ben_c
Member
If the reduction applies to us at all it will only apply to the peak rateDoes that mean Octopus have to pay us 9.5p for off-peak charging?
Standard form response from Octopus this morning. Can’t see any firm details before monday
“Hi Robbie, the support package is very welcome news. As it's just recently been announced and we don't have full details yet, we're still working out what our own prices will be and how this will impact each tariff. We'll contact everyone when we know more”
“Hi Robbie, the support package is very welcome news. As it's just recently been announced and we don't have full details yet, we're still working out what our own prices will be and how this will impact each tariff. We'll contact everyone when we know more”
I could well be wrong but I read this as if you are on a fixed tariff at a higher rate than the 52p original ofgem cap as of 1st October your tariff will be reduced by 17p. This makes sense to me as it would bring a 52p fixed tariff down to around 34p which is the new capped rate per kWh For a standard variable tariff. As the Octopus Go tariff is 40ish p peak rate (ie below 52p I’m not sure how that would be affected?
Haha I nearly posted this question myself yesterday evening, and then found the same answer that the site shows the cheap rate, unlike the app (I wasn’t too worried as the app states the day rate against the expected hours, which definitely indicates getting the expected tariff, but still an annoying glitch in the app currently).
Cheers!
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