I just got an email from Octopus Energy;
"Your fixed term on Octopus Go will come to an end on Apr 17 2022. You can renew for another 12 months, with just a few taps in your online account.
Should you choose not to renew, you'll roll onto Flexible Octopus, our always great value variable tariff, at the end of your fixed term. You'll find a full breakdown of prices and estimated cost below.
So what does it all cost?
Your current Octopus Go prices
Peak unit rate: 13.72p / kWh
Off-peak unit rate: 5.00p / kWh
Standing charge: 25.00p / day
Estimated annual cost (electricity only): £849.35
Good to know: we've based your estimate on your annual usage of 6990 kWh and the average share of electricity used off-peak electricity by Go customers (33.00%)
Your new Octopus Go prices
Peak unit rate: 30.78p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 25.08p / day
Estimated annual cost (electricity only): £1,706.08
Flexible Octopus prices
Peak unit rate: 21.86p / kWh
Off-peak unit rate: 15.63p / kWh
Standing charge: 25.17p / day
Estimated annual cost (electricity only): £1,430.59 "
But when I put the numbers in my spreadsheet, Octopus GO comes out at £1,246.54 and Flexible comes out at £1,441.75, nearly £200 more!
Why are my numbers different to the Octopus Energy email?
Well my usage is 67% and not 33% off-peak and my usage is 7,640 kWh and not 6,990 kWh
My recommendation is be careful when coming to the end of your agreement in April, and check your own usage figures!
"Your fixed term on Octopus Go will come to an end on Apr 17 2022. You can renew for another 12 months, with just a few taps in your online account.
Should you choose not to renew, you'll roll onto Flexible Octopus, our always great value variable tariff, at the end of your fixed term. You'll find a full breakdown of prices and estimated cost below.
So what does it all cost?
Your current Octopus Go prices
Peak unit rate: 13.72p / kWh
Off-peak unit rate: 5.00p / kWh
Standing charge: 25.00p / day
Estimated annual cost (electricity only): £849.35
Good to know: we've based your estimate on your annual usage of 6990 kWh and the average share of electricity used off-peak electricity by Go customers (33.00%)
Your new Octopus Go prices
Peak unit rate: 30.78p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 25.08p / day
Estimated annual cost (electricity only): £1,706.08
Flexible Octopus prices
Peak unit rate: 21.86p / kWh
Off-peak unit rate: 15.63p / kWh
Standing charge: 25.17p / day
Estimated annual cost (electricity only): £1,430.59 "
But when I put the numbers in my spreadsheet, Octopus GO comes out at £1,246.54 and Flexible comes out at £1,441.75, nearly £200 more!
Why are my numbers different to the Octopus Energy email?
Well my usage is 67% and not 33% off-peak and my usage is 7,640 kWh and not 6,990 kWh
My recommendation is be careful when coming to the end of your agreement in April, and check your own usage figures!