Down and up
First we have the email we have all been waiting for - how much exactly did we save by the goverment reducing the green levy on our energy reduce my prices by?
Well - in West Midlands my Octopus Go rates were:
| Night | Day | Standing charge |
|---|---|---|
| 8.500 | 29.616 | 52.494 |
They then become on April 1st:
| Night | Day | Standing charge |
|---|---|---|
| 6.500 | 27.157 | 57.350 |
All rejoice - look at the massive overnight saving and the huge reduction in the day rate. Of course this wasn't going to last very long now there's a war (completely made up by the USA) that would cause this to change. I wasn't expecting it to change quite so quickly but another email lands in my inbox - my prices are going up on May 1st:
| Night | Day | Standing charge |
|---|---|---|
| 8.625 | 29.732 | 59.050 |
So all the goverment jubilation at our energy costs being reduced and that everyone was going to benefit... all for 1 month... thanks. The real kicker here is that Octopus didn't reduce the daily standing charge, it's been increased even though that is where the increase was seen when the green levy's were put on energy. The jump from 52p to 59p is 12% - go figure that out in your inflation figures when they say it's only running at 3%
Clearly this isn't the last of these rises - we are going to see things getting very messy later on in the year as this wars not going to be finished any time soon. I've sat and thought about switching to the fixed Octopus Go tarrif for a while. It's another 1.5p at night and 2p during the day on the current tarrif plus another 2p on the daily standing charge. I'll take a bet on hoping the war will be at least somewhat done by winter when costs will hit me.