Octopus Tracker Tariff (February 2023)

Developer of Octopus Watch here. Octopus Energy have not released the prices yet for today. If you see prices such as 15p for gas it is because whichever place you are seeing them from is using a legacy API to get the prices. That API is filled with bogus values for all future dates. I don't know the exact prices myself, but you should expect them to be slightly higher than yesterday based on gas market results. Not three times as much.

Can we all just stop posting the individual rates now!

Octopus Tracker Prices - 02 March 2023:

East England:
G: 5.933 (SR: 26.838) (-43%)
E: 24.811 (SR: 37.296) (-27%)

East Midlands:
G: 5.912 (SR: 26.838) (-43%)
E: 24.612 (SR: 44.121) (-28%)

London:
G: 6.111 (SR: 26.838) (-41%)
E: 24.318 (SR: 31.511) (-28%)

Merseyside and N. Wales:
G: 6.027 (SR: 26.838) (-42%)
E: 26.009 (SR: 46.956) (-24%)

West Midlands:
G: 5.995 (SR: 26.838) (-42%)
E: 24.665 (SR: 47.502) (-28%)

N.E. England:
G: 5.943 (SR: 26.838) (-42%)
E: 24.665 (SR: 48.289) (-28%)

N.W. England:
G: 6.016 (SR: 26.838) (-42%)
E: 24.822 (SR: 41.611) (-27%)

Southern England:
G: 6.122 (SR: 26.838) (-41%)
E: 24.791 (SR: 42.767) (-27%)

S.E. England:
G: 6.111 (SR: 26.838) (-41%)
E: 25.053 (SR: 41.034) (-26%)

South Wales:
G: 6.006 (SR: 26.838) (-42%)
E: 25.189 (SR: 47.523) (-26%)

S.W. England:
G: 6.111 (SR: 26.838) (-41%)
E: 25.704 (SR: 50.998) (-24%)

Yorkshire:
G: 5.964 (SR: 26.838) (-42%)
E: 24.423 (SR: 47.901) (-28%)

Southern Scotland:
G: 5.964 (SR: 26.838) (-42%)
E: 24.675 (SR: 49.025) (-28%)

Northern Scotland:
G: 5.964 (SR: 26.838) (-42%)
E: 25.557 (SR: 49.434) (-25%)

Notes:
G = Gas; E = Electric;
SR = Standing Rate;
(-XX%) = Avg. Price Cap Diff. (Not SR)
Based on tariff 'Octopus Tracker November 2022 v1'

Avg. Price Cap Rates Used for Comparison:
G: 10.33 (SR: 28.49)
E: 34.04 (SR: 46.36)

Comparison 2nd Feb 2023 (London):
Flexible:
G: 10.31p
E: 35.06p

Tracker:
G: 6.91p
E: 23.81p

Folks please read the FAQs and understand when the EPG discount is applied on the tracker tariff.

"The Government’s Energy Price Guarantee (EPG) offers a 33.43p / kWh against your electricity unit rates, and a 6.7p / kWh discount against your gas unit rates.

The EPG discount will apply whenever Tracker unit rates go above the base EPG level (34p / kWh for electricity and 10.3p / kWh for gas; on average, but this does vary regionally)."


We are essentially on the SVR when the EPG discount is applied until the Tracker unit rates are above 67.43p and 17.0p for electricity and gas respectively. That is when we will pay more than the SVR.

This means we do not need to move to the SVR when the tracker tariff is at the base EPG level.

Note - the base EPG level will change in April.

https://octopus.energy/tracker-faqs/ (edited)

I joined up to a Telegram bot based on a suggestion here (OctopusDailyProceTracker), which has been working well, up until it stopped sending prices through a few days ago.

Does anyone else use this bot? Is it still working for them? Does anyone know who supports this bot as I have no idea how I can report a problem.

Dunno if it would be a good idea to create a shared spreadsheet and update the daily prices? or has someone already done that??

If anyone has IOS you can easily set up a gas and electric rate notification on your phone on a daily basis at any chosen time

Just google 'OS shortcut to keep track of tracker rates reddit'

People without smart meters on this tracker, how often are you giving readings?

I bet there is a lovely kind person on here that will work out for us exactly when to swap tariffs

I don’t have a smart meter so could people advise on how often they feel I should submit meter readings please. Will once a month be adequate or should I do it daily?

JFI - Saving session today 17:00-18:00 - opt in needed

Smashing idea. Well done OP, just need to bookmark this link/page from my phone if I can?

Comparison date: 2nd Feb 2023

Location: Cardiff, South Wales

Octopus Flexible tariff:
Gas: 10.31p Electricity: 35.06p

Octopus Tracker tariff:
Gas: 6.98p. Electricity: 24.21p

Saving yes/no :. YES

With the tracker, what do you see on your smart meter? Mine is showing gas usage of 16kwh - but £2, which looks wrong.

Well, we have the first official bill (for 2 days) using the smart meter and this tariff; our projected annual cost has reduced from £3400 to £2200.
Let's hope these low prices stay.

Just completed my first full month on the tracker. Switching to the tracker saved me £77 last month !.

I just changed to this tariff after seeing this post. The advisor on the phone was trying to tell me that the prices can change on a half hourly basis! I had to point out to her that the wording on their website says it will be updated daily. Which is correct?

This all seems a bit scary at the moment. I've been speaking to someone on the phone about the current tracker prices and the unit rates certainly do work out cheaper than what i'm currently paying but it's the variable and, for want of a better word, "random", nature of it that's causing me some consternation - probably more down to my autism than anything else to be fair.

I must confess to having second thoughts as things with eon were a lot simpler ..

Some comments on the deal page say that you're charged based on the daily average. However, customer support over email said to me that I'll be charged based on the monthly average. I'm on a smart meter and I did tell them that. Some other people reported similar replies on the deal page. Any thoughts about this?

Emailed this morning to switch from flexible to tracker. How long do they usually take to respond? Never contacted them before 2 days ago when I also enquired about updating my meters to smet2.

My electric is smet2 already as in a new build house as of 2020 but it's never acted smart. No idea what the gas one is but it ain't smart lol.

not really been tracking prices other than checking the Octopus App each morning but i did notice while on the BBC business section of the website that Gas appears to be down 7.5% today (atm).

What does annoy me, despite being the cheapest tariff out there, is the mark up on the wholsale price. We're still being ripped off. I know Octopus are a business and here to make money, but come on...

Don't even start me on the horrendous daily standing charge!

I’m seeing 6p for Gas in North West. Why are some people reporting 15p!? (edited)

Might be worth adding this to the description OP?

https://octopus.energy/tracker-faqs/

Might help answer commonly asked question.

Ok - day 2 tariffs out now as Tracker Rates change everyday & is after midight so I have in the south..

increase of Electricity 0.78p/kWh to 24.07p/kWh
increase of Gas 0.13p/kWh to 7.09p/kWh


verdict = Negligible

Points to note

"The EPG discount will apply whenever Tracker unit rates go above the base EPG level (34p / kWh for electricity and 10.3p / kWh for gas; on average, but this does vary regionally)"

"The Government’s Energy Price Guarantee (EPG) offers a 17.9p / kWh discount against your electricity unit rates, and a 6.7p / kWh discount against your gas unit rates."

Just got off the phone to them, they've sent me an email to sign up but the prices seem a lot higher,

Does anyone know how soon my SMETS2 smart meter will become active with Octopus?

I've switched over from Shell and my supply date is the 3rd (today) the usage screen in the Octopus app shows "uh-oh looks like we can't connect to your meter".

I've also manually submitted my starting meter readings today. (edited)

Checked octo-aid this morning and it's still not recognising the tracker tariff for electricity. Not sure if that's a oct-aid issue or data not being supplied by Octopus issue

For those that switch keep an eye on your direct debit payment amount. I switched and they increased my DD and I was unable to reduce it again. I emailed them (on the back of my switch email) and they changed it to the previous amount.

Phoned up twice to switch and they just send the link to the website that when I go to sign up just offers the flexible one or asks to create another direct debit. Sent two emails as well that didn't get an answer. Will try again...

Ive just had a smart meter installed! Have been told i dont have to have the little meter display thing plugged in as they take meter readings straight from the main meter. Just wondering do they take reading daily? Thanks

My tracker tariff is up and running from today ,when we lunch the tracker thing if we click for tomorrow the price is high higher any idea why ? Thanks

This cold snap seems to be making that gas price creep back up.

According to people who are on a smart meter & on the tracker you still pay an average rate for the month. I've seen screenshots proving it on the FB page. Their usage per day is right, but it still all added up and given an average rate for the month.
I'm on tracker & no smart meter. it gives an estimated usage for each day (all around the same, which isn't how it is obviously) & the unit rate for each day. Adds it all up and gives an average unit rate which is used to work out the total. so identical billing procedure.