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That’s about my understanding. If you keep your eye on wholesale trends you might be able to make this work by switching to another tariff if/when prices look like they’re heading up. Octopus are great generally too, so I’d feel confident that it will all work as they explain. I’m on one of their other smart tariffs and it works really well for us.
If anyone wants to share some referral credit happy to share a link - drop me a PM.
Ok, think I've got it. The tracker is good now (cos energy prices are well below the EPG assumed base. The tracker will also be good even if prices increase a fair bit, but once they go over about 52p for elec and 17p for gas, you'd be better off on a standard tariff.
Is that right?