Octopus energy company. Anyone use 'em?
Discussion
I'm still in setup so not sure if I can see all the information yet.
Going onto the tracker trariff.
Found this page, correct one?
https://octopus.energy/tracker-demo-list/?headless...
Thanks to the advise on here, we have just been switched from Octopus Go (00.30 - 04.30) to a 5 hour Go Faster tariff, between 20.30 and 01.30, so now have a slightly longer period to charge the car and also benefit from being able to use more of the cheaper rate hours.. So washing, tumble drying, dish washer etc can all be used during the cheap rate..
For people wanting an EV tariff then EDF are advertising the lowest overnight rate of 4.5p/kwh, 10% cheaper than Octopus Go, and also offers the rate for longer (5hrs per night vs Octopus 4hrs per night).
https://www.edfenergy.com/electric-cars/tariffs
You could get a little kickback if the tariff works for you.
https://www.edfenergy.com/electric-cars/tariffs
You could get a little kickback if the tariff works for you.
Condi said:
For people wanting an EV tariff then EDF are advertising the lowest overnight rate of 4.5p/kwh, 10% cheaper than Octopus Go, and also offers the rate for longer (5hrs per night vs Octopus 4hrs per night).
https://www.edfenergy.com/electric-cars/tariffs
You could get a little kickback if the tariff works for you.
Standing charger circa 30p on most is about 5p more than Octopus. GO Faster (5hrs) gives you same hours if you choose and 5.5p/kWh unit.https://www.edfenergy.com/electric-cars/tariffs
You could get a little kickback if the tariff works for you.
Evanivitch said:
Standing charger circa 30p on most is about 5p more than Octopus. GO Faster (5hrs) gives you same hours if you choose and 5.5p/kWh unit.
22% more is quite a difference! My point was not to ignore the longer standing utility companies. No doubt British Gas have a similar sort of tariff too?
Condi said:
22% more is quite a difference!
My point was not to ignore the longer standing utility companies. No doubt British Gas have a similar sort of tariff too?
And the EDF standing charge is 50%* more. People need to look at their own usage.My point was not to ignore the longer standing utility companies. No doubt British Gas have a similar sort of tariff too?
ETC - 20% more.
Edited by Evanivitch on Thursday 3rd June 17:27
Any one know what is going on with the Agile pricing?
I realise it is tied to the variable market rate, and some you win some you lose, but over at least the last month or so the rates have been well above the standard rate.
I am considering bailing out of that as it does look a very expensive option at present.
I have stuck with it as it is only 'fair' that sometime it will be high - it is the average that seems wrong.
Previously it has worked well as we can take advantage of what would normally be lower rates over night.
Is the market rate, even at night, really that high at present?
If so, I guess everyone will be on for massive electricity increases once any fixed rate deals get renewed.
Graph shows the last 24 hours, Agile v. Go, v. fixed.
(Today is actually one of the best for a while.)
I realise it is tied to the variable market rate, and some you win some you lose, but over at least the last month or so the rates have been well above the standard rate.
I am considering bailing out of that as it does look a very expensive option at present.
I have stuck with it as it is only 'fair' that sometime it will be high - it is the average that seems wrong.
Previously it has worked well as we can take advantage of what would normally be lower rates over night.
Is the market rate, even at night, really that high at present?
If so, I guess everyone will be on for massive electricity increases once any fixed rate deals get renewed.
Graph shows the last 24 hours, Agile v. Go, v. fixed.
(Today is actually one of the best for a while.)
No ideas for a name said:
Any one know what is going on with the Agile pricing?
I realise it is tied to the variable market rate, and some you win some you lose, but over at least the last month or so the rates have been well above the standard rate.
I am considering bailing out of that as it does look a very expensive option at present.
I have stuck with it as it is only 'fair' that sometime it will be high - it is the average that seems wrong.
Previously it has worked well as we can take advantage of what would normally be lower rates over night.
Is the market rate, even at night, really that high at present?
If so, I guess everyone will be on for massive electricity increases once any fixed rate deals get renewed.
Graph shows the last 24 hours, Agile v. Go, v. fixed.
(Today is actually one of the best for a while.)
That graph is pretty, err, graphic.I realise it is tied to the variable market rate, and some you win some you lose, but over at least the last month or so the rates have been well above the standard rate.
I am considering bailing out of that as it does look a very expensive option at present.
I have stuck with it as it is only 'fair' that sometime it will be high - it is the average that seems wrong.
Previously it has worked well as we can take advantage of what would normally be lower rates over night.
Is the market rate, even at night, really that high at present?
If so, I guess everyone will be on for massive electricity increases once any fixed rate deals get renewed.
Graph shows the last 24 hours, Agile v. Go, v. fixed.
(Today is actually one of the best for a while.)
Decision made!
No ideas for a name said:
Any one know what is going on with the Agile pricing?
I realise it is tied to the variable market rate, and some you win some you lose, but over at least the last month or so the rates have been well above the standard rate.
I am considering bailing out of that as it does look a very expensive option at present.
I have stuck with it as it is only 'fair' that sometime it will be high - it is the average that seems wrong.
Previously it has worked well as we can take advantage of what would normally be lower rates over night.
Is the market rate, even at night, really that high at present?
If so, I guess everyone will be on for massive electricity increases once any fixed rate deals get renewed.
Graph shows the last 24 hours, Agile v. Go, v. fixed.
(Today is actually one of the best for a while.)
Wholesale prices are very expensive. Gas prices at record highs, carbon prices at record highs, and very low wind generation to put downward pressure on short term values. Gas prices earlier this week go to 94p/therm, last summer we were buying spot at <10p/therm and there was even a modification made on the exchange so prices could go negative which was considered to be a real possibility. Much of the price is driven by Asian markets, as they had a cold winter and now a hot start to summer driving up air-con demand, along with a shift away from coal. I realise it is tied to the variable market rate, and some you win some you lose, but over at least the last month or so the rates have been well above the standard rate.
I am considering bailing out of that as it does look a very expensive option at present.
I have stuck with it as it is only 'fair' that sometime it will be high - it is the average that seems wrong.
Previously it has worked well as we can take advantage of what would normally be lower rates over night.
Is the market rate, even at night, really that high at present?
If so, I guess everyone will be on for massive electricity increases once any fixed rate deals get renewed.
Graph shows the last 24 hours, Agile v. Go, v. fixed.
(Today is actually one of the best for a while.)
It may be beneficial to look at charging an EV during the middle of the day (1pm-4pm?) as this is when demands are pretty low and you have high solar generation.
Edited by Condi on Friday 9th July 10:57
When I got my EV in Feb we switched to Agile, keeping an eye on the rates and minimising use on expensive days and expensive periods, and the average rate vs previous fixed was about 20% higher. Switched to GO tarriff inside the first month, and with the car set by default to charge 00:30-04:30 it is working out very well, as we only occasionally need to charge outside these times if doing consecutive days of long journeys.
sjg said:
Yep, I hung on with Agile in the hope of it getting better but put in the request to move to Go this week.
As Agile tracks wholesale prices (except for the artificial 4-7pm peak) there's going to be some big increases coming across the board.
This is sort of where I am too. I have been considering switching to Go (even though we don't have an EV to charge) over the last week or so.As Agile tracks wholesale prices (except for the artificial 4-7pm peak) there's going to be some big increases coming across the board.
I think that demand pricing is where supply will go, and as I mentioned it did seem 'fair' that for short terms we would be paying more than the average rate. I would like to stick with it - looking forwards to low or negative rates again - it just doesn't look like that is happening any time soon.
Suppliers obviously fix their rates based indirectly on wholesale prices - I realise they can minimise their risk by also having fixed long term contracts with generators. However, it would appear that if this continues, we must be looking at close on doubling the fixed rates being offered today.
It has to be a wider problem not just Octopus - I can see a couple of wind turbines a mile or so from here - it is flat calm and has been for quite a long time. From gridwatch it looks like wind has been low since April. Too much reliance on unpredictable 'renewables'?
Ive been tracking agile vs the standard tariff and it would have cost me more to have been on agile so im not going to move to it. Interestingly I sent them an email to ask how to set up the agile app so I could track it. Before they answered I had figured it out. When they did answer they didnt answer the question I asked so in the evaluation survey I said that and they got back in touch and added £30 credit to my account for failing.
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