-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Octopus tracker tripled
- Thread starter Tigermad
- Start date
MrBadger
Badger out
We have been using a very high percentage of gas powered generation the last few days. That may have pushed prices up.
Has the price hit the price cap yet? Will be interesting to see how well that works in lessening the blow.
A couple of weird transient spikes in the overnight demand data.
Has the price hit the price cap yet? Will be interesting to see how well that works in lessening the blow.
A couple of weird transient spikes in the overnight demand data.
Last edited:
I’ve taken a look on Marex (NBP All Day D.A) market data (where Octopus base their gas tracker prices from) and the prices there seem very similar to yesterday.
So I’m going to assume this is a bug on Octopus’s side, their account page is also down for me so it may be related. There’s no change on the wider gas market, this looks like an Octopus issue.
Wholesale prices for today look around 4.2p/kWh, once Octopus have added their charges and VAT should be around 5.82 (London)
So I’m going to assume this is a bug on Octopus’s side, their account page is also down for me so it may be related. There’s no change on the wider gas market, this looks like an Octopus issue.
Wholesale prices for today look around 4.2p/kWh, once Octopus have added their charges and VAT should be around 5.82 (London)
Octopus Energy latest Tracker prices for North West England
See the latest prices and graphs for Octopus Tracker.
mysmartenergy.uk
Useful website here, just select your region. My current gas price today is 15p, it has been 6p/day for the last 2 weeks. Will be keeping an eye on it.
It was an error as the day ahead price was not updated in the Octopus API by the time it normally is. They just fixed it as of 8am now and today’s price is at 6.11p.
Quite a scare though.
If you select any date in the future on the Octopus Gas Tracker page, you will have the same behaviour at around 15p but you shouldn’t trust that just now
Quite a scare though.
If you select any date in the future on the Octopus Gas Tracker page, you will have the same behaviour at around 15p but you shouldn’t trust that just now
Gatsojon
Member
That was interesting for a while but usual service resumed now. 6.03p in the NW.
It will be a more difficult shout when the price cap comes down in April.
It will be a more difficult shout when the price cap comes down in April.
phil4
Member
And there was me working out my "medium term" strategy should it stay at 15p plus. I had it all worked out. and now it's back at 6p, so I'll shelve that one now.
The cost at night is the same with Tracker (assuming you are talking about electric).
If you don't charge much (like me) then it *might* work out cheaper: Tesla charging cost calculator - Now with monthly figures
Word of warning through, the tracker has an up to 6 month waiting list now!
phil4
Member
It's not, and it is... let me explain.
They need to provide a single figure for the bill, for the total... ie. this month you used 500kWh at 6.17p = £30.85
How do they get to 6.17p? They do a weighted average, for each day of how much you used at the price that day. Then they sum the usage, and the prices, and divide the one into the other to get the average price paid. This is shown on the gas page at the bottom, you'll note the total price worked out per day, and how that's then used.
So it's not an average over the month in the way you'd think (ie. we can ignore it for 1 day if it's 15p), you really should try and use less when the price is high, and or use more if it's low, because your usage coupled with the price is what you're billed for. As an extreme example, if you had zero use all month, when it was 5p a day, except for one day, which was 10p and you used it all then, your average price would be 10p, not ((29 x 0.05 + 0.1) /30) = 5.16p
phil4
Member
You're welcome... when I told my dad to join he told me the same as you did. So I went and checked, and sure enough so had Ocoptus. I then spent far far too much time thinking about it. My first thought was "why?". As in if averaged as they suggested what the incentive to change your usage... and why on earth would you be interested in a daily figure? It was only when I looked closely at the bill I could see what they where doing, and indeed a likely reason why.
It wasn't you misunderstanding, Octopus misled you.
phil4
Member
Yep, my dad was told the same, and sent me the email they sent stating that. I think there's too much profit in it for them leaving people on the Flexi tarrif paying twice as much (call my cynical).
Similar threads
