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Octopus Intelligent Go vs Fixed rates
- Thread starter Teamds
- Start date
Drew57
Active ember
I personally found Octopus Tracker cheaper than IO and Go. But I noticed today the price had increased a little on the Gas and Electric, so maybe time to change to a fixed rate. It all depends on how much you charge your car and what you use in the day. Last time my IO term ended, the price had gone up a lot for my offer, that's why I changed.
It doesn't, but you can't join tracker again for 9 months as per the T&C's.
I guess they don't want people arbitraging it too often and play the seasonality...
So either hold on to it, be ready to pay a little more in the upcoming months, but benefit from the savings in spring, or stay with the common folk standard variable until at least July if you're leaving now...
I can almost guarantee you the fixed rates will be worse. IO is about the cheapest 'average' pence/kwh once you've averaged your usage across the peak/off peak. Especially if you have any kind of EV charging and can move some household use to the overnight window. I doubt anything Octopus offers as a tariff could match it other than two things
- tracker but its a gamble as we go into winter. might be some cheap periods with good windy weather but also likely some expensive ones if we lean on gas stores.
- Agile if you want to stay up all night plotting how to spread your usage to only use grid in the cheap slots (a little easier with a home battery but still not simple)
Even then you're probably only able to save a little and not worth the aggro IMO.
- tracker but its a gamble as we go into winter. might be some cheap periods with good windy weather but also likely some expensive ones if we lean on gas stores.
- Agile if you want to stay up all night plotting how to spread your usage to only use grid in the cheap slots (a little easier with a home battery but still not simple)
Even then you're probably only able to save a little and not worth the aggro IMO.
IO doesn't come remotely close to Tracker for me. Two of us work from home & I do very little mileage in my M3 at the moment as a result of not having to commute, so the high daytime rate makes it a non-starter. Even offsetting big appliance use to the IO window doesn't really make a dent. I used to do that when I was on the very cheap GoFaster tariff, so I have a good record of long term daytime vs nighttime consumption figures.
It's quite surprising how much usage you need to offset into the IO window to make it worth it, IMO.
