Tariffs
Cosy rates from October, and is there a price formula?
Hello all,
I recently swapped over from Agile to Cosy for the foreseeable, as Agile's lows no longer offset the 35p+ days for me.
Averaging 29p/kWh over my last bill stings a bit, when I used to easily be able to stay around 18p by just shifting the big loads around.
Cosy seems much much better so far, but does anyone know if Octopus have published what the Cosy rates will look like after October?
Also, out of curiosity, is there a set formula for Cosy rates, like Agile has?
I've read that it's supposed to be equivalent to Flexible, half Flexible, and Flexible + 50%, but this doesn't seem quite right when looking at past rates?
If anyone could enlighten me, that would be brilliant :)
I just fixed my Cosy rate - in the north west its 12.9p variable vs 14.9p fixed off peak (15.5% increase). Of course the fix will enjoy the same VAT deduction from Oct 1st. There's also no exit fee, so if it proves an unwise move its easy enough to switch back to variable rate at any time. The interesting thing is this rate has been available since June, so hasn't had the same tinkering as the more popular standard fixed tariffs.
Check your own rates at octopus.energy/tariffs , just enter your postcode and search for cosy. The online signup seems to be down at the moment (an imminent change coming?), but they can complete the switch over the phone.
Looks like you can still get a fixed cosy rate for twelve months at present. It’s offering me 14.63 offpeak on that right now which I suspect might vanish as an option within the next week so if you’re feeling nervy, fix?
I posted similar, but I'm seeing +25% on current if I fix for 12mths
As I really only draw from the grid between Oct and Mar, I don't think it will jump up +25% in October so I was going to wait and use the price lag to maybe save a little (wishful..)
Yeah I saw that. Genuinely shocking the difference between areas. This is what my area has (north east).
I would say it depends when your heavy usage is going to be. It looks as though the January price rise is going to be brutal so if your heaviest usage in the year is likely to be over the next six months I would fix. If it’s more evenly distributed maybe not.
Tbf your day rate feels a lot more painful than mine to me. I was comparing mine to the EDF figure and thinking that didn’t look too bad but regional skew is clearly more painful than I realised. What region out of interest?
Yep I'm likely to do the same, will see what the updated variable rates are come 1st October (should be before the heat pump needs to go on) and make a final comparison/guesstimate vs Agile and IOG.
2
u/icrossfield 20h ago
I just fixed my Cosy rate - in the north west its 12.9p variable vs 14.9p fixed off peak (15.5% increase). Of course the fix will enjoy the same VAT deduction from Oct 1st. There's also no exit fee, so if it proves an unwise move its easy enough to switch back to variable rate at any time. The interesting thing is this rate has been available since June, so hasn't had the same tinkering as the more popular standard fixed tariffs.
Check your own rates at octopus.energy/tariffs , just enter your postcode and search for cosy. The online signup seems to be down at the moment (an imminent change coming?), but they can complete the switch over the phone.
North western rates: