WHO DO YOU TRUST TO SAVE YOU MONEY? MARTIN LEWIS, THE GOVERNMENT?

octopus energy agile tariff

CASHBACK OCTOPUS ENERGY

REVIEW – SHOULD WE LISTEN TO WHAT MARTIN LEWIS HAS TO SAY ABOUT OCTOPUS ENERGY?

It is a valid question. Who do you trust to save you money? Personally, if it was a choice between Martin Lewis, from Money Saving Expert, or the Government I would without doubt pick Martin every time. He has saved me thousands and I even got a cashback from a mis-sold endowment mortgage. I always read Martins reviews before taking any deal be it a mortgage deal or energy tariff. Now more than ever in this energy crisis we need independent voices who can help us find the best deals. I hope my review helps too.

Do Nothing BUT keep checking fixed prices!!

I am updating this page as the energy crisis has completely changed everything. Cheap deals are no longer available and just finding a tariff that isn’t the most expensive deal is now the name of the game.  I adore Martin Lewis as he never minces his words. He has no loyalty to the Big Six energy provider and just wants to help people save cash.

A few weeks back Martin gave this advice, DO NOTHING. He was right as always. The energy price cap, which Martin had previously had concerns about is now helping so many customers from even bigger price rises.

The price cap sadly is due to rise in April 2022. Why? The energy price cap is based on wholesale energy prices between July 2021 and January 2022 and prices have steadily increased.  Martin Lewis now warns that the energy price cap will rise by around 40%. This will come into effect on 1st April 2022.

Expect a ‘horrendous’ energy price cap rise in April – but it’s likely to still be cheaper compared to fixing. – Martin Lewis

Can you beat the energy price cap rise in 2022?

Martin is right doing nothing at the moment is the best answer for the majority of people but if you have an electric vehicle or own solar panels then an Octopus smart tariff like Octopus Go could save you money.

Doing nothing also means you are also heading towards a 40% energy price hike in April 2022.  Is there anything you can do about that? At the moment it’s very hard to say.  Over the last 3 weeks, the Octopus fixed tariff has increased week on week. IF wholesale energy prices start to drop and fixed rates drop as quickly as they have gone up then a fixed deal WILL be cheaper than the price cap in April 2022. So you have to know when that starts to happen.

I would suggest in the early part of 2022, well before the price cap rises you compare energy tariffs. If you know there is a downward trend in prices you will have a better idea of when to fix your rate. On the plus side at least the weather will be improving and hopefully we can turn home heating systems off without feeling the cold.

Reducing your energy is the only real way to save money this winter.

We have gadgets galore. iPhones, ipads, apps, smart TVs, doorbells which you can answer even when you’re miles away, and yet the biggest commodity which all these run on we are ignoring.octopus We have an abundance of wind, water, and sometimes sunshine in the UK. Surely we can use this to power and technology to run our homes and reduce energy bills?  The answer is you can. Even without buying solar panels, you can reduce your bill by using that tech to monitor your energy use but in this energy crisis simply cutting back and blocking drafts is the answer.

Octopus Energy competition – Winter Workout.

Octopus is currently running a winter workout competition that rewards customers for following some easy tips to try and stay warm and reduce their energy bills. If you cut your gas consumption then you could be in with a chance of winning a share of 1 million pounds.

I have signed up. I have listed some of the tips below. If you can tick off each piece of advice you get entered into a prize draw.

Octopus Winter workout tips.

Getting your heating and hot water flowing at the right temperature can make gas go much further. Octopus suggests lowering your temperature to 55 degrees.

A draft can quickly undo all the good work of your heating. Lots of suggestions PLUS 20% off at Homebase for energy-efficient products, such as timers and insulation. 👏

Tweaking your thermostat – using it as an on/off switch or boost for example – can mean more gas is wasted.

There is quite a big list to work your way through!!

octopus switch

So how can Amazon Alexa save you money?

When I originally wrote this post I asked who would you trust to save you money, the government, Martin Lewis or Alexa?  How does Alexa fit in?

Octopus Energy has teamed up with Amazon to become the first energy company to provide voice automation with Alexa to provide real-time energy pricing.

If you’re on the Agile tariff you will be able to use Amazon Alexa to find out when energy is at its cheapest.   (The Agile tariff tracks energy prices throughout the day. )  So using the voice automation provided by Amazon you could ask Alexa when prices are cheapest.

Alexa, ask Octopus when is electricity cheapest today?amazon and octopus energy

Based on this information you could turn on, for example, your washing machine or charge your devices when energy is at its cheapest. You can even automate this too!

Octopus Agile is currently higher than the price cap and there aren’t really any price plunges. The energy crisis has really taken its toll BUT time of use tariffs are the way forward and hopefully, in 2022 it will make a comeback and be cheaper at off-peak times.

To switch to the Octopus Agile tariff you need a SMETS 2 smart meter.

Who do WE trust?

Without a doubt Martin Lewis. We also now, after almost a year with them, trust Octopus Energy and their CEO Greg Jackson.  Mr. Jackson personally resolved an issue we had when I emailed him several months ago. The firm is very transparent and open about their prices which is amazingly refreshing and more importantly, they are saving people money and helping to reduce the impact of fossil fuels on the environment.

OCTOPUS ENERGY REFERRAL LINK

How can I get a free cuddly Octopus from Octopus Energy?

octopus energy cashbackOnce you have signed up to Octopus Energy if you want to get your hands on a free cuddly Octopus they will send you one in the post, although it can take a few weeks depending on stock. Her name is Constantine. (I am not joking)

Borrow a free thermal imaging camera from Octopus Energy.

If you would like to borrow a thermal imaging camera to find out where the heat is escaping from your home or workplace you can request one here.

Spin to win.

Also, don’t forget you get a chance to win a cash prize when you enter your meter reading with “spin to win.” 

Octopus Energy Refer a friend.

Once you have chosen to switch to Octopus Energy as a new customer using a referral link, you’ll be given £50 credit on your first bill and your own personal referral code to share with friends and families. For every person that switches with your code, you both get £50 credited towards your next bill. It takes just two minutes to switch and your code is effective immediately. (I would be delighted if you use mine to get you started, thank you!)

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SWITCH TO OCTOPUS ENERGY

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Should I buy an Electric Vehicle ?

i want a resla

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OCTOPUS EV

The UK should lead the global fight against climate change by cutting greenhouse gases to nearly zero by 2050, a report says.

The government has set a target date of 2040 beyond which conventional car sales will be banned. However, the committee says that the deadline should be 2030.  So it seems that change is well and truly on its way.

An electric vehicle (EV) has been on my bucket list for a number of years.  It would be an ideal way of reducing my carbon footprint and fuel bill. A the moment I drive a diesel car.  I bought it when we were all being told by the government that it was the right thing to do.  Now they have committed to banning them. I feel quite stupid now but I am hoping that an electric car, will be a smart move.

Update I am now convinced! Picking up my EV on 19th February 2022!! I am making the leap to electric!

IS THE TESLA MODEL 3 A CONTENDER – EV?

I researched extensively before committing to any purchase. I got slightly sidetracked, however, when I spotted the new Tesla Model 3. This EV seems to do significantly more miles than it’s competitors.  i want a reslaThe car can auto find you in a car park!!! I now have an image of me, like The Hoff and Kitt, suddenly swinging into Marks and Spencers.  The car pulling up and me jumping in with my meal for £10.  This could be a reality!

I am not sure if it is quite yet in my budget but from the buzz on social media quite a few people have similar plans.

WILL I BECOME A MODERN DAY KNIGHT RIDER?

I am not sure that with UK roads being so different from those in the US I will get the change to call my car to pick me up. It would most likely get stuck on the roundabout in a massive line of traffic and I would have to walk home but I do see us all in the future driving electric vehicles.  The idea of a car that auto drives doesn’t really appeal to me that much. There are just too many things that could go wrong. but the car does seem to outperform others on miles per charge and that is very attractive

IS AN ELECTRIC VEHICLE REALLY BETTER FOR THE ENVIRONMENT?

I think any car can contribute to pollution be it diesel, petrol or EV.  The car still has to be manufactured and once in use fuelelled.  I think the key factor is how to green your electricity supply is. Unless you have your own solar panels you will have to tap into the national grid to charge it.

OCTOPUS EV TARIFFS

I use 100% renewable energy at home.  I am with Octopus Energy who replaces every kWh I take from the national grid with a kWh of renewable energy be it wind, solar, or AD.  Octopus offers a tariff specifically for EV owners called Octopus Go.

Octopus Go is an electricity tariff with a bonkers cheap 5p / kWh rate for four hours every night (between 12.30 and 4.30 am). It was designed with EV-angelists in mind as charging can be done very cheaply whilst your asleep. This can help keep fuel costs to around 1p per mile.

If you lease a car with Octopus EV and take OctopusGo, Octopus Energy will credit 8000 miles to your energy contract. Top that with a £50 amazon voucher when you buy or lease an EV using my Octopus EV referral code OEV-SC34 it all starts to look rather attractive.

For now, I will carry on cycling and saving my pennies but I do hope a Tesla ends up on my drive someday soon.

Posted by Sarah at www.octopusreferral.link

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WHAT IS BIOGAS?

biogas at home

CAN I GET BIOGAS?

CAN GAS BE GREEN?

When switching energy suppliers we wanted 100% renewable energy because we wanted to reduce our environmental impact. We had two green energy companies in mind both offering renewables. I could understand how my electricity could be renewable. The energy provider simply generates green energy and plugs it into the national grid. It replaces every kWh of energy I take from the grid with a kWh of renewable energy. Quite straight forward BUT how do they make my gas supply renewable?

The simple answer is they can’t. There is a carbon-neutral gas called biogas. Biogas is made by a process called anaerobic digestion. In the UK, however, there simply isn’t enough AD plants to generate the supply needed. One of the two energy suppliers we had selected stated it supplied 10% biogas to your gas fuel mix and 90% natural gas, the other 0% but they converted it to electricity. In order to offset your use of natural gas, they both invested in carbon reduction projects.

Here’s a map of all the AD plants in the UK.  I found it really interesting. My local authority seems to take our food waste and create biogas which I assume they then use locally. Some local authorities run public transport on it.

I found this video to be very helpful in understanding the process of generating biogas.

HOW WE HAVE CHOSEN TO USE BIOGAS

We decided to switch to Octopus Energy. They don’t supply biogas directly to their customers.  Instead, they produce and then burn biogas to generate electricity.  Octopus then sends this to the national grid.   The anaerobic digestion makes up 49% of Octopus’ renewable energy.  This allows them to produce energy even when the sun is not shining or the wind not blowing.  Octopus Energy offsets your gas use with carbon reduction projects. In their mix of waste, Octopus Energy does not include meat food or farm waste in their AD process, unlike some other suppliers.

So quite simply biogas can be made but not in large enough quantities. Well not yet anyway. The best we can do, if we need to use gas, is to switch to a green energy company that makes the best use of the biogas available and offsets any natural gas consumption with carbon reduction projects.

CARBON REDUCTION PROJECTS

The main carbon offset project for Octopus Energy is through Renewable World. These guys tackle poverty through renewable energy.  They improve incomes, health and education in fuel-poor areas by introducing tech that’s driven by renewable energy.  Their projects empower local communities with innovation in clean energy tech. OCTOPUS ENERGY GAS RW’s clean energy hubs provide whole new careers and income streams in the communities they work with and return agency to local people and businesses who’ve been constrained by unreliable, high-polluting energy sources.

Funding from Octopus Energy carbon offsetting now goes directly towards Renewable World’s Global Programmes.

If you decide to switch to Octopus Energy you will get £50 credit on your first bill by using our link.

Posted by Sarah at www.octopusreferral.link

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