Rolfe
Moderator
- Joined
- Apr 10, 2023
- Messages
- 11,376
- Reaction score
- 13,085
- Points
- 3,902
- Location
- West Linton, Scotland
- Driving
- MG4
I woke up this morning to a message in my Octopus app - "You're missing out on our cheapest tariff. Fix your prices with no exit fees by midnight Friday."
So I click on that and it just says that this offer is "cheapest price out of all the big suppliers, locked in for 12 months, with no exit fees." No more details. So I click on "Change my tariff" to get more information.
Two options. "Octopus 12M Fixed" locks in my unit rates and standing charges for 12 months. The only information is an estimated spend of £160.84 per month.
"Flexible Octopus" is the other one, with an estimated spend of £161.06 per month.
I think I'm seeing that the first one is 24.5p/unit with a standing charge of 53.3p/day whereas the second is 24.53p/unit. Currently I'm on 27.22p/unit and 54.41p/day standing charge, but of course I don't pay that, nearly all my usage is at the 7p/unit overnight rate. I don't see a dicky-bird about an overnight rate in this calculation.
My actual spend is £60-£70 a month, roughly. Nowhere near the £160 they're talking about. And of course a fair whack of what I import (at 7p/unit) is promptly sold back to them for 15p/unit anyway.
This offer looks completely useless to me, why are they punting it at me? Am I missing something?
So I click on that and it just says that this offer is "cheapest price out of all the big suppliers, locked in for 12 months, with no exit fees." No more details. So I click on "Change my tariff" to get more information.
Two options. "Octopus 12M Fixed" locks in my unit rates and standing charges for 12 months. The only information is an estimated spend of £160.84 per month.
"Flexible Octopus" is the other one, with an estimated spend of £161.06 per month.
I think I'm seeing that the first one is 24.5p/unit with a standing charge of 53.3p/day whereas the second is 24.53p/unit. Currently I'm on 27.22p/unit and 54.41p/day standing charge, but of course I don't pay that, nearly all my usage is at the 7p/unit overnight rate. I don't see a dicky-bird about an overnight rate in this calculation.
My actual spend is £60-£70 a month, roughly. Nowhere near the £160 they're talking about. And of course a fair whack of what I import (at 7p/unit) is promptly sold back to them for 15p/unit anyway.
This offer looks completely useless to me, why are they punting it at me? Am I missing something?