Genie Posted February 2, 2023 Author Share Posted February 2, 2023 Octopus are showing that current wholesale price is much lower than the tariffs most of the country is on… it absolutely needs to change for millions of people. The population should automatically be on wholesale OR capped, whichever is cheapest. Link to comment Share on other sites More sharing options...
lapal_fan Posted February 2, 2023 Share Posted February 2, 2023 I'm going to switch to Octopus today, first person to message me with the referral thing gets £50 x 1 Link to comment Share on other sites More sharing options...
Lichfield Dean Posted February 2, 2023 VT Supporter Share Posted February 2, 2023 2 hours ago, Demitri_C said: Ita a **** shit show. People should noy be standing for this shit, the russian war is their excuse for this Well, we left Shell today for Octopus. Should have done it earlier but... I suspect that Octopus are being bombarded with requests at the moment for being at least superficially a company with morals. 1 Link to comment Share on other sites More sharing options...
blandy Posted February 2, 2023 Moderator Share Posted February 2, 2023 £50 credit octopus link. Anyone using this, I'll put half my share to VT. 1 Link to comment Share on other sites More sharing options...
lapal_fan Posted February 2, 2023 Share Posted February 2, 2023 2 hours ago, blandy said: £50 credit octopus link. Anyone using this, I'll put half my share to VT. Only half!? Tight-wad! Link to comment Share on other sites More sharing options...
sidcow Posted February 2, 2023 VT Supporter Share Posted February 2, 2023 9 minutes ago, lapal_fan said: Only half!? Tight-wad! The other half is to buy some coke to snort of a hookers tits. Link to comment Share on other sites More sharing options...
tinker Posted February 2, 2023 VT Supporter Share Posted February 2, 2023 53 minutes ago, sidcow said: The other half is to buy some coke to snort of a hookers tits. All to save 3 quid a day on your heating bill. Link to comment Share on other sites More sharing options...
blandy Posted February 2, 2023 Moderator Share Posted February 2, 2023 1 hour ago, sidcow said: The other half is to buy some coke to snort of a hookers tits. I don't like Cola or Rugby players. 2 2 Link to comment Share on other sites More sharing options...
Milfner Posted February 17, 2023 Share Posted February 17, 2023 Switch has gone through...went to sign up to the tracker and there's a six month waiting list ffs. Link to comment Share on other sites More sharing options...
Genie Posted February 17, 2023 Author Share Posted February 17, 2023 1 minute ago, Milfner said: Switch has gone through...went to sign up to the tracker and there's a six month waiting list ffs. Is this with Octopus? 1 Link to comment Share on other sites More sharing options...
Genie Posted February 17, 2023 Author Share Posted February 17, 2023 I’m hoping by the summer energy suppliers start offering proper tariffs again. Link to comment Share on other sites More sharing options...
stuart_75 Posted February 17, 2023 Share Posted February 17, 2023 Gas Tracker from Octopus is 5.95p/kwh today, lowest its been for a long, long time. 2 Link to comment Share on other sites More sharing options...
brommy Posted February 18, 2023 Share Posted February 18, 2023 7 hours ago, stuart_75 said: Gas Tracker from Octopus is 5.95p/kwh today, lowest its been for a long, long time. Down to 5.74p/kWh for today. 1 Link to comment Share on other sites More sharing options...
foreveryoung Posted February 18, 2023 Share Posted February 18, 2023 (edited) I think it's the standing charges are whats killing us too, you know, "the money for nothing", cost, not far off £1 a day for gas and lecky combined. Edited February 18, 2023 by foreveryoung 2 Link to comment Share on other sites More sharing options...
blandy Posted February 18, 2023 Moderator Share Posted February 18, 2023 9 minutes ago, foreveryoung said: I think it's the standing charges are whats killing us too, you know, "the money for nothing", cost, not far off £1 a day for gas and lecky combined. Definitely. It’s not logical that they have gone up, the cost of maintaining the pipes and wires and meters is essentially no different, but the standing charges have shot up. The reason, I believe is for the government to claw back their costs incurred when bulb and all the others went bust. Basically customers of all firms are paying for the losses of those that went bankrupt. Even if you use no gas or lecky you still pay 25 quid a month or whatever the exact amount is. 1 Link to comment Share on other sites More sharing options...
HKP90 Posted February 18, 2023 VT Supporter Share Posted February 18, 2023 We used to be with Octopus at our last place. Never had a hint of a problem, and had a 100% renewable tariff. No complaints at all. Scottish Power, however......... Link to comment Share on other sites More sharing options...
Genie Posted February 18, 2023 Author Share Posted February 18, 2023 3 hours ago, blandy said: Definitely. It’s not logical that they have gone up, the cost of maintaining the pipes and wires and meters is essentially no different, but the standing charges have shot up. The reason, I believe is for the government to claw back their costs incurred when bulb and all the others went bust. Basically customers of all firms are paying for the losses of those that went bankrupt. Even if you use no gas or lecky you still pay 25 quid a month or whatever the exact amount is. What costs did the government incur out of interest? Link to comment Share on other sites More sharing options...
blandy Posted February 18, 2023 Moderator Share Posted February 18, 2023 1 hour ago, Genie said: What costs did the government incur out of interest? Billions. Bulb on its own was 1.7 billion, plus because the government wouldn’t allow the now state owned version to hedge gas prices, a load more. Octopus recently took over their customers, but not the debt. Each time a company took over a bust company’s customers it cost money, which was paid for by the government, and they are clawing it all back, but by bit from all energy customers, as I understand it. Link to comment Share on other sites More sharing options...
Genie Posted February 18, 2023 Author Share Posted February 18, 2023 1 minute ago, blandy said: Billions. Bulb on its own was 1.7 billion, plus because the government wouldn’t allow the now state owned version to hedge gas prices, a load more. Octopus recently took over their customers, but not the debt. Each time a company took over a bust company’s customers it cost money, which was paid for by the government, and they are clawing it all back, but by bit from all energy customers, as I understand it. Not doubting it happened, but what was the debt made up of? Wages? I assume all customers still had to pay their balances, unless some of it was written off when the supplier went bust? I was with Peoples Energy who went under early, my balance was transferred to British Gas. Link to comment Share on other sites More sharing options...
Xela Posted February 18, 2023 Share Posted February 18, 2023 6 minutes ago, Genie said: Not doubting it happened, but what was the debt made up of? Wages? I assume all customers still had to pay their balances, unless some of it was written off when the supplier went bust? I was with Peoples Energy who went under early, my balance was transferred to British Gas. I'm guessing (correct me if i'm wrong @blandy) but was down to the high wholesale prices. They were paying more to buy it than they were selling it for, to people on fixed rate tariffs. Big companies like British Gas, EON, Scottish Power, etc, can absorb the volatility of this by having hedging strategies in place and bigger cash reserves. Smaller energy companies weren't equipped to deal with it. 1 1 Link to comment Share on other sites More sharing options...
Recommended Posts