23 minutes ago, wyx087 said:

I've been paying £186 pm since June-ish time when I switched to Octopus. Got over £500 in credit last bill. Happy to see the same Email that they are taking £67 off my DD. I think I'm in pretty good shape for this winter, won't have huge bill changes.

Before COVID, my DD was around £100. So less than double cost now plus 100% mileage now on electricity doesn't feel excessive at all. I'm happy to pay up to £200 pm.

 

But it's sad to see "typical household" bills go from around £1000 to £2500. Not sure why my bill hasn't increased by similar percentage.......

 

I think the crazy DDs may be in part down to users already in debt and therefore a combination of meeting the new costs and getting themselves back to not being in debt to the supplier.  To some of us the £67 is a big part of our normal bill, to others it will be a relatively smaller part so for me the £67 a month for 6 months means I will hardly notice any increase in energy bills but to others the £67 will only make a dent in the increase of their outgoings.

 

The odd things is that a live in a 4 bedroom house and am charging an EV so surely I should be paying three to four K by the published averages.

Guess I just like it cool in the house and I am with Octopus rather than a rip off supplier.

 

 

The smart meter messaging is all wrong. The point of smart meter is to allow time-of-use tariff like Octopus Go.

Also got to remember direct debit is meant to be average over 1 year. Winter costs go up by a lot, so only having a few £ in credit going into winter wouldn't be enough. That's why they want to rise your DD payments.

 

I like to be in excess whenever possible. So I don't mind overpaying and have pretty much always been in credit for energy companies. I got around £300 back from Bulb when I switched away in June.

 

29 minutes ago, lol-lol said:

The odd things is that a live in a 4 bedroom house and am charging an EV so surely I should be paying three to four K by the published averages.

Guess I just like it cool in the house and I am with Octopus rather than a rip off supplier.

Same. 3 bed house with zero cutting back on consumption, many smart home devices on 24/7 and all miles on electric. I was thinking £186 pm seems reasonable and was prepared for over £200 pm DD given "typical household" will be £208 without electric cars.

 

Octopus Email says they've stopped advertising and are 4% cheaper than price guarantee. Meanwhile I'm still seeing Shell energy supplier adverts on reddit. Once a fossil fuel greedy corp, always a greedy corp.

Bulb tell me the unit rate is going up 20% and the standing charge by a penny a day.

If the government give me £67 a month for the next six months I'm better off than I was, cos that's much more than 20% of what I'm currently paying. 

This makes no sense.

 

Edited 22 September, 20223 yr by Breezy_Pete
sp

1 hour ago, Breezy_Pete said:

This makes no sense.

You expect sense, or even joined up thinking, from the Iron Weathercock!?  

 

LOL, average of 13p/kWh last 31 days.

Martin Lewis tried to explain what is happening to people like me on non-peak/peak tariff combos but I am still not clear.

 

My rate is now 7.5p per kWh for the 4 hour off peak and 40p per kWh for the 20 hours between 0030 and 0430.

 

Apparently those of us on the EV charging and Economy 7 type rates they will do a bit of a maths and might bring down the peak rate by as much as 17p a kWh but only if the new revised rate is not less than the 34p or the mean average of combined rate or something like that so if one was on 50 p for the peak rate it could come down to 34p per kWh or something closer to that taking in to consideration that for 1/6 of the time one was on off peak that was between a fifth and sixth of the peak rate so I thought maybe I might just get a cut of a penny or two off the top rate ie 38p or 39p per kWh but no change to the 7.5p per kWh which is very cheap anyways.

 

That would do me nicely or OK to stick with 7.5p and 40p and 10.3 for gas which is great when one uses well over 12,000 kWh of gas per year but only about a third of that for lecky.

42 minutes ago, wyx087 said:

 

LOL, average of 13p/kWh last 31 days.

 

My last of the really cheap tariffs....  Average 8.28 p/kWh.  I used about 90% of the lecky you did.

 

Doubt will every see prices that low again.  Next will be very different and West Midland seem to be on the higher side for the peak time cost at 40p per kWh including VAT which I am still hoping they will suspend for a year or two.

 

 

Octopus Go (5th August 2022 - 4th September 2022)
Breakdown by rate   -  Rate Consumption Cost
 

4.76p/kWh 297.1 kWh £14.14
14.90p/kWh 157.8 kWh £23.515
Total consumption 454.9kWh @ 8.28p/kWh                  † £37.66
 

Standing Charge 31 days @ 23.81p/day £7.38
Subtotal of charges before VAT £45.04
VAT @ 5.00% £2.25   Total Electricity Charges £47.29

† Average unit rate charged per kilowatt-hour.

 

Quite a price jump on go since the price support proposal. I’d seen approx 14p/45p, which means it’s a worse deal than econ7 for most.

Best get Octopus Intelligent at 10p for 6 hours. I think this is their intent, get more people on a smarter tariff that can better utilise spare grid capacity and not all start charging at 0:30. 

BP and Shell posting record profits. BP are even saying it will scale back plans to reduce fossil fuel extraction. 😡
https://www.bbc.co.uk/news/business-64544110

 

Here's 2 very good and simple fixes to the electricity prices:

Source:

[MEDIA=youtube]ig-_WRd8GC0[/MEDIA]

4 hours ago, wyx087 said:

BP and Shell posting record profits. BP are even saying it will scale back plans to reduce fossil fuel extraction. 😡
https://www.bbc.co.uk/news/business-64544110

 

Here's 2 very good and simple fixes to the electricity prices:

Source:

[MEDIA=youtube]ig-_WRd8GC0[/MEDIA]

 

Almost non of BP or Shell's operation is in the UK.

Shell, last I saw, is dual listed in London and Hamsterjam.

If we **** them off too much might the just go sole listing in Amsterdam ?

BP.  Not British Petroleum any more, Beyond ****taking or something like they renamed themselves.

 

They also could go to New York or Hong Kong listing I suppose, or even Middle East listing perhaps.  

In recent years they have constituted about 15% of the profits going back in to the FTSE 100 valuation I think I read.  They are virtually the main feeder in to UK pension fund that track the FTSE 100. 

 

BP might have almost non of the operations in the UK, but then that is how you think of as 'non'.

Small fry to some.

 

As to Royal Dutch Shell, Shell UK ltd etc. They do like flogging of stuff and getting tax breaks in the UK, but then that is how George Osborne set things up with his advice from Sir Ian Wood who knows how to screw over the workers to benefit the companies. 

 

 

Edited 8 February, 20233 yr by toot