Burnley Hammer wrote: ↑Thu Sep 29, 2022 9:13 pm
Just logged on to my Octopus account, enabled the crystal ball mode, and had a look at the forecast.
I wish I hadn't.
Edit: In an attempt to make myself feel better, I had a go with Mumbles spreadsheet. That looks much better!
Apparently I've used 5757kw of electric and 1319kw gas over the last 12 months - that comes out as perfectly manageable using that spreadsheet, especially as I'm currently £500 in credit.
I'm currently paying £220 a month with Octopus however they're automatically reducing that to 153 next month (not sure why if their forecasts are so scary) so I'll need to up it again.
Their Crystal ball says that Januarys bill is going to be £1,031! It's also saying that if I keep everything as it is then I will owe them £4,500 by this time next August.
If in doubt a spreadsheet will calm the mind
I am not sure how crystal ball works, because 9/10 ATM people are on the variable which I believe are still price called officially, ie we were suppose to be on 48p for electric from Saturday but the gov are making it 34p and then from January it will go up again so I do wonder if they still use those predictions in their calculations rather than the gov policy cap
I mean they won't have updated it over night
Us go customers all got email today which reads as follows
For many years, Octopus Go and Intelligent Octopus have been the best value way to charge an electric vehicle, with prices well below the Ofgem Price Cap and particularly cheap off–peak rates.
The Government has announced a 2 year Energy Price Guarantee, capping variable prices to £2,500 for a typical home, and reducing fixed tariffs above that level
As an Octopus Go customer, you’re unaffected by this as your prices are already below the Energy Price Guarantee rates
You will receive the £400 Energy Bill Support Scheme automatically as monthly credits from October to March
We love EV’s — from October 8 we’re adding a 5% discount for all charging on the Electric Universe network for Octopus Go customers
We’re working hard to help those who need it most this winter. Details below
Thank you for choosing Octopus to power your home and travel. Electric vehicles are fundamental to the UK’s — and indeed the world’s — sustainable future, and I’m proud that more drivers choose Octopus than any other supplier.
It’s not a responsibility we take lightly. There’s much that needs to change to make driving an electric vehicle a better, cheaper, more convenient experience than fossil–fuel transport has ever been — but that change is happening. I’m proud we’ve been part of that, and excited there is so much more yet to come.
For years, Octopus Go has given drivers unrivalled cheap charging. Often, it’s been the cheapest tariff — bar none.
Both Octopus Go and Intelligent Octopus have continued to offer great value throughout the fossil–fuel energy crisis, when the majority of other EV charging tariffs were taken off the market completely.
The introduction of the Government’s Energy Price Guarantee is a welcome development — it will help millions of homes across Britain this Winter.
However, because all our Octopus Go and Intelligent Octopus rates are below the Energy Price Guarantee cap, your Go rates aren’t changing: you’re already paying less than Energy Price Guarantee rates for your electricity.
We’ll automatically reduce your October Direct Debit by £67 as part of the Energy Bill Support Scheme. This reduction will be matched with a £66 monthly credit from October, rising to £67 from December to March, paid directly to your energy account by the Government.
If you are having difficulty paying, make sure you’re getting the support you’re entitled to. This blog post outlines all the help available from the Government, Octopus, and others, plus how to access it.
To help reduce the cost of driving your EV, we’re giving 5% off all public charging on Electric Universe for Octopus Go customers from October 8. If you’re already an Electric Universe customer, you don’t need to do anything — this discount will apply automatically.
If you’ve not signed up for Electric Universe yet, get access to over 300,000 public chargers, £10 free charging credit, and your 5% discount by signing up here.
Cheaper, greener energy is why Octopus exists.
I know, despite Government help, this winter will still be tough for many. We will continue to do everything we can to help our customers through the crisis.
We’ve stopped advertising on TV, bus stops, train stations, sports arenas and online, and are redirecting all these funds to help customers who are struggling.
We’ll use these funds to provide a standing charge holiday for up to 100,000 customers, for up to 6 months, depending on need. We’ll share more about this new program soon.
This ensures if you need support, you will get more of it.
We’re also introducing our Energy Helpers service who will visit up to 500,000 customer homes this winter to give personalised energy efficiency advice.
Founder, Octopus Energy
PS. In the current environment, it’s important you get the support you’re entitled to. We’ve put together this blog post which outlines all the help available and how to get it.
PPS. I’ve had a few queries about why we haven’t announced this sooner. In all candour, we received the details of government schemes about 15 days before customers on Flexible Octopus would see price rises.
With almost 3 million affected customers, dealing with all the permutations was complex and we had to prioritise them as prices for these customers were rising.
It’s also taken longer on Octopus Go, Intelligent Octopus and our smart tariffs whilst we worked our way through the government rules to spot any possibilities for further incentivising off-peak usage.
Continuing to do all we can to push the best solutions for electric vehicles is a massive focus for us, which is why we’re introducing the Electric Universe discount, and why it’s worth trying Intelligent Octopus when your fixed term finishes up.
So we got that today considering it all change all change on Saturday I reckon crystal ball isn't fully operational (well it is a beta after all)