Comment on UK use of gas and coal for electricity at lowest since 1957, figures show

• HeartyBeast@kbin.social ⁨8⁩ ⁨months⁩ ago

  Look at Octopus’ Agile tariff. It gives you prices that change every 30 minutes based on wholesale prices. https://octopus.energy/smart/agile/

  Over the last few months there have been quite a few windy nights where generation has exceeded demand and prices have gone negative.

  There are also times of super-peak demand where they will pay you quite a lot for foreceably discharging you batteries into the grid.

  If you are interested in switching I have an introduction code to Octopus that would give you and me £50 each

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  • leaskovski@kbin.social ⁨8⁩ ⁨months⁩ ago

    Whats the negative side of the agile tarrif? Are energy prices that volatile that it can potentially screw you over? Whats the risk here? Thanks!!

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    • wewbull@feddit.uk ⁨8⁩ ⁨months⁩ ago

      You have to take the rough with the smooth. When prices go up you’re the first to see it, but when prices go down you’re the first to see it. Currently prices are still dropping.

      There’s a 3hr window every afternoon from 4pm to.7pm where prices go up 15p/20p. If the day has had already high prices because there’s no wind or sun and high, then that can be 45-55p.

      Overall, at the moment, I’m saving 20% over Octopus Go, but my usage isn’t heavily biased overnight. Somebody who’s charging an EV or battery every night might do better with more predictable rates.

      energy-stats.uk/octopus-agile-yorkshire/ is good to see how the price varies over longer periods.

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    • HeartyBeast@kbin.social ⁨8⁩ ⁨months⁩ ago

      It goes up and down. At peak times usually 5pm-7pm-ish it’s usually substantially more expensive than a standard tariff. So it only makes economic sense if you are either able to shift usage (cook dinner at 4pm) or can use your batteries to do a bit of arbitrage (buying power when cheap).

      You have to be a bit hands on, and potentially someone (like me) who finds it interesting

      You can get an idea of prices here

      https://agileprices.co.uk/

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      • leaskovski@kbin.social ⁨8⁩ ⁨months⁩ ago

        So I have started the switch. Do I just email the intro code over to them, as I didn't see a place to use?

        I have also been looking at my solis inverter and can see settings to control when the battery can be charged from the grid. At the moment, that is off, so if I switch, I should turn this on and charge from say 1am to 5am.

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