We have just applied to migrate to Octopus Tracker from their standard variable tarriff which would appear to be a no brainer. Variable electric price is currently 28.62p kwh and the tracker is 17p kwh, with both offering the same standing charge. The gas charges are 7.62kwh variable and only 3.64kwh on the tracker.
It's a one year contract, however there is no charge for exiting, but if you do so you cannot rejoin for nine months. You obviously have to operate a smart meter, with tarrifs calculated midnight daily.
One of the easiest to digest explanions of Octopus's tracker tarrif is described here in full by 3 Fat Seagulls.
Beat the Energy Price Cap and make the most of the Octopus Tracker tariff which could save you money in 2024.
www.octopusreferral.link
There is another tarriff tracker that re rates every 30 minutes called Agile and is currently 11p kwh but we're happy with the immediate saving over variable at 17p kwh and 3.64kwh
The Octopus Agile tariff follows wholesale energy prices. You could beat the Energy Price Cap and pay less on Octopus Agile.
www.octopusreferral.link