Just had an offer from Octopus

[quicklybeendrivenmad]

Octopus energy
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Your current tariff
Flexible Octopus
Unit rates
Electricity: 27.35p per kWh
Gas: 7.28p per kWh
Standing charges
Electricity: 48.26p per day
Gas: 27.22p per day
Your new tariff options
Octopus 12M Fixed
£989.12
monthly estimate
Loyal Octopus 12M Fixed
Most popular
£945.53
monthly estimate
This tariff features 100% renewable electricity and fixes your unit rates and standing charge for 12 months. There are no exit fees, so if you change your mind, you're in control.
Your new quote
£11,869.50

God knows where these figures have come from, last months gas was £19 and Electric £180!! Who the hell would sign up to £989 per month at nearly £12k a year. Love how they say Loyal Octopus "Most popular" popular to who? Think they mean them.

Does anyone know what happens if you just can't pay these prices?

How does it work if you've been paying above the standard variable with the understanding that it will even out when the price cap is higher than your fix? Do they take this into account so you are not worse off by paying extra at first?

We need to start taking to the streets and protesting. The French would never put up with this shit. We have got start fighting back.

That quote doesn’t include the energy cap price that domestic users will get. You won’t be paying this amount. Octopus states that somewhere on their website.

Our quote was £777 from octopus. I was/am shocked.

But when I crunched the numbers on the predicted new price cap and t wasn:t far off.

We use about double the average.

I've not fixed and will run the gauntlet of the price cap for now and try and reduce usage.

That is a quote for a fixed rate so isn't covered by the price cap. Price cap only applies to standard variable rate tariffs

We’ve had similar from Octopus, they’re quoting us almost a grand! We haven’t touched the gas cooker hardly at all (salads, boiled rice and potatoes), we’ve stopped putting on the hot water in the morning, I just see no they can justify this.

Cheaper to rent an apartment in Spain for the winter and work from home there.

I used the MSE should you fix calculator, the quote that we had was a 216% increase so it says don't fix, I hate not knowing exactly what to expect to come out each month though.

I still live in hope that the government will do something

FFS these HUGE fixed rates are based on posters HUGE USEAGE!!!!!

Turn it down or off 🤪

@RobertsRadio I have recently heard about a campaign group called Enough is Enough , just been googling it.

A skilled Tradeperson is working for a client who “ Sells Electricity”
The client was boasting they have never had it so good.
Soaring profits.
The client is a multi millionaire and is very young.

They are loving it at the expense of ordinary households.
There was talk of potential suicides at a meeting I was at today, people are terrified of how they’ll cope.

What was your kwh useage for 2021. They base their fixed rate on that, not on recent use!!

Your energy use does look particularly high. There's 4 of us in a 5 bed house, even with wfh, our electricity bill is currently half that per month. Do you have a reason for high usage? Electric heaters? Heavy use of electric cars?

Electricity we could definitely save on, but we have a large 4 bed house with double glazing and a boiler which is less than 3 years old. Our thermostat is set at 16 and the heating is on for an hour in the morning, an hour at lunchtime (I WFH) and three in the evening. I'm really not sure how much less we can use without turning off the heating entirely over the winter. Our gas charges this month came to £10, of which £4.50 was standing charge 🤷🏼‍♀️

I'm sorry but what the actual fuck, 11grand for electricity?! Jesus Christ

Say what 🤯

Link to the "Should I Fix Calculator" if it hasn't already been posted

www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/#tool

WTF is the point of a fixed tariff if they can do that?

Me too, never been on a protest march in my life, but I will be joining any protest marches about this. It's a fucking disgrace, the energy companies are using this a means to just print money. We got rid of the poll tax and brought down the government in the process; we can do the same over this if enough of us get out there and protest and refuse to pay.

I'll be emailing back with "fuck off" if I get one.

Can someone clarify something for me please?

When the utility companies offer a fix does that mean you pay that amount of money each month, regardless of how much you use? Or does it mean you pay that much each month and it's adjusted to reflect how much you've actually used?

Btw @RobertsRadio I don't agree with you
that the fat cats should be shot !!!
I was only posting to say that this campaign group, Enough is Enough was getting off the ground apparently.
I am planning to heat one room and get one of those long puffer coat things.
I plan to spend a lot of time in my local library if they stay open.

@DenholmElliot1 it fixes the amount you pay per unit and your standing charge

Prepayment meters, ultimately no energy if you can't top up the prepayment meter (which they can force you to have)

@DenholmElliot1

A fixed rate means you fix the kWh cost for your electricity and gas, not the amount you pay each month. The monthly charge is based on their estimate of your usage using those fix rates, not your actual bill.

The only way to compare tariffs and decide if fixing is worth it I'd by looking at the daily standing charge and kWh charge in the offer.