Shock, Horror, Gobsmacked - I've left Octopus!

In the summer months utilita does appear to be a good deal, with its zero standing charge? and sensible rates thereafter:
First Rate 52.25p per kWh (I thinks its the 1st 2kWh)
Saver Rate 20.91p per kWh
 
It's an interesting thought. Octopus is a big company now. They have the overheads of a big company. They spend a lot on promotion. They just gave away three brand new cars. Could they even afford to get close to Tomato's prices if this develops into a real price war?
 
Presumably the fact they don't offer Gas will be off putting for some? Not sure I want a Gas supplier and an Electric supplier!

For properties without Gas supply looks good...
 
Rolfe said:
It's an interesting thought. Octopus is a big company now. They have the overheads of a big company. They spend a lot on promotion. They just gave away three brand new cars. Could they even afford to get close to Tomato's prices if this develops into a real price war?
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We will be finding out for sure over the next few months, the look and feel of Tomato is very much like Octopus so time will tell, I'm happy to take a hit for the forum to find out
tkmaxx5 said:
Presumably the fact they don't offer Gas will be off putting for some? Not sure I want a Gas supplier and an Electric supplier!

For properties without Gas supply looks good...
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i personally don’t see that as an issue, no different to water, comms and energy being different companies.
 
johnb80 said:
We will be finding out for sure over the next few months, the look and feel of Tomato is very much like Octopus so time will tell, I'm happy to take a hit for the forum to find out

i personally don’t see that as an issue, no different to water, comms and energy being different companies.
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Fair point on the different utilities.

John, you could do a public service and build a tool so I can upload my smart meter data from Octopus and it can tell me how it would compare to Tomato that would be great :)

I don't quite understand how their standing charges can undercut other providers, thought these were more or less set by the regulator?
 
Tig170 said:
Good luck on that - never again with EoN for ourselves.
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I'm leaving Eon and going to Tomato, which should save me around £600. :)

As an aside, Eon removed my gas meter in July, stopped charging me a standing charge, and yet wanted to charge me for gas when I tried to move to a new tariff.
 
tkmaxx5 said:
Fair point on the different utilities.

John, you could do a public service and build a tool so I can upload my smart meter data from Octopus and it can tell me how it would compare to Tomato that would be great :)

I don't quite understand how their standing charges can undercut other providers, thought these were more or less set by the regulator?
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email me your Octopus data and your tariff details and I can rattle it through my spreadsheet in no time and give you a figure.
 
tkmaxx5 said:
Fair point on the different utilities.

John, you could do a public service and build a tool so I can upload my smart meter data from Octopus and it can tell me how it would compare to Tomato that would be great :)

I don't quite understand how their standing charges can undercut other providers, thought these were more or less set by the regulator?
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From Ofgem:

"The standing charges are the maximum costs a supplier can charge a customer who has not used any energy. Suppliers can also charge less than the limit for either standing charge or unit rate."
 
Robf said:
Sorry for the Ignorance, but will you still export to octopus or switch over to Tomato?
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Tomato dont do export tariffs yet. I've just had the conversation with Octopus and they say I can still export to them and they will supply gas only on their tracker tariff which is perfect for me.
 
Big shout out for @johnb80 (down with the kids)

I have now signed up to tomato, change over on the 6th. With John's assistance he worked out that I will be over £300 per year better off, and that is before the next new price cap as tomato is fixed for a year.
 
mystreet said:
Big shout out for @johnb80 (down with the kids)

I have now signed up to tomato, change over on the 6th. With John's assistance he worked out that I will be over £300 per year better off, and that is before the next new price cap as tomato is fixed for a year.
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Well done! I do hope it works out for all of us, I cant find any downside yet and my changeover happened yesterday, all good so far!
 
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