Martin Lewis has shared details of a green electricity tariff provided by Octopus Energy, which could be a good option for people trying to keep costs down after the £400 Energy Bills Discount Scheme ended last month. This provided over 26million households with a £66 or £67 credit on their electricity bill from October 2022 for six months.
Heather is with Octopus Energy and has just moved into a new detached house, but the energy costs are considerably higher than her previous property, she asked Martin if it’s worth trying to get a fixed deal. He said: “You don’t have access to a fix at the moment, you may well do in the future but there’s only one at the moment .
Top Money Stories Today The financial guru did advise that it tracks wholesale prices but is a bit more complex than his simple overview, but that’s the easiest way to understand it. He said: “That tariff is best for people who use a lot of energy at night such as those with storage heaters or you’re charging an electric car, but currently because wholesale rates are so cheap it is generally a lot cheaper than the Energy Price Guarantee rate.
Latest Martin Lewis News The dedicated pages on the Octopus Energy website advise that due to “continued market volatility and the beta nature of this smart tariff we may need to restrict daily sign ups. You're still free to sign up below, and we'll let you know if this affects you joining Agile”.
It would not make any difference? If u use the power at peak or low times it will cost the same price. This is a scam like the Meters. They said it would not cost u anything. They did not tell u there would be surcharges for having them. Instead of saving, it is costing u more?
Cost of oil now same as it was before 100% increase in bills, now expected to come down 20%. So that means 60% higher based on the same cost of oil.