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What to do when your energy prices change 📄
What to do when your energy prices change 📄
Lisa Cowgill avatar
Written by Lisa Cowgill
Updated over 5 months ago

Energy retailers generally change their prices around July/August in line with changes to government regulated reference prices.

When this happens, Powertracer will automatically update your Retailer Default prices including your feed-in-tariff rates.

When these changes come through, it's a good time to check that your energy trade prices are in line with changes to your Retailer Default prices.

How do I change my energy trade prices?

First, click on Trade Rules in your property dashboard top menu.

There you will see your Peer-to-Peer Trades and your Community Trades.

☀️ Changing your Community Trades

Click on the “Set community trade rules” button. If you have more than one electricity meter at your property select one meter at a time and update the pricing for each.

​You can update the Minimum sell price you are willing to sell for (if you have solar), and the Maximum buy price you are willing to pay.

Not sure what prices to set?

You can’t lose anything if you set your Minimum sell price equal to your feed-in tariff (or Retailer Default sell price), and likewise, if you set your Maximum buy price to your Retailer Default buy price. In fact you’re more likely to get a good price and more clean energy trading if you do.

👥 Changing your Peer-to-Peer Trades

These trades are set up with people you know, so you’ll need to have their same Powertracer email address to hand. If you can’t remember the email addresses then it’s a good idea to search your email inbox for previous trade rule emails.

If you want to change these trade prices to be more in line with your new Retailer Default prices then you’ll need to

  • Click on the “Close agreed trade” button - this will stop the current trade from executing

  • Click on the “Propose new trade” button to set up a new trade with the same person

Simply select “Buy” or “Sell”, enter your proposed price, select the trade point (meter) and enter the recipient’s email.

Remember the recipient will need to accept your proposed trade before it becomes active on Powertracer.

📚 Learn more...

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