Energy Prices (Strictly NO referrals!)

In the test (the Octopus one) they took your average or something (last week iirc) and then based it on that.
That would be tricky at a larger level so maybe its actually a time when a simple cap applied to every bill would make more sense.
You need a smart meter of course.

Edit what I mean is, apply the credit to everyone on a smart meter using less than say 1kw per hour during the peak period. Measured each 30 minute period.
So if you less than 3kwh between 4pm-7pm you get a credit. Otherwise its a bit open to abuse.

I suspect you would need to really have anyone who wanted to do this on a fully variable tariff once it caught on.
I'm not sure how viable that is though. There has only been one occasion this month so far (one hour on the 9th Sept) where our overall consumption exceeded 1kWh in an hour, thats with running a dishwasher, washing machine or oven at peak periods.

I'm really interested in how they calculated it. Surely you could sign up to tariff, install an EV / battery and then charge it overnight for a massive off-peak spike. Then since the rest of your daily use is "below average" they'd pay you £1-£2 per unit used...
 
I know a few people with agas/everhots @the shadow and they are far from 'rich' just people in decent jobs. Seems on this forum and in society in general anybody with something nice is considered 'rich' and I can only equate it to petty jealousy.

Its getting a bit wearing isn't it

The same as the £80k must all be living like kings.

And the definition of comfortable that sounds nothing like it at all to me.
 
I was just reading the same article myself. Even 52p/kWh would seem to be very promising to me. I wonder how they measure how much you 'save' though? How do you measure what someone doesn't use? Seems more sensible to just have tariffs which cost less at different times of day, rather than trying to refund people for what they haven't used.
The scheme doesnt exist yet right? They dont know until they launch it.

If its 52p per kWh are they not then paying people to use electric if the unit rate is below that or am I misunderstanding something?
 
I know a few people with agas/everhots @the shadow and they are far from 'rich' just people in decent jobs. Seems on this forum and in society in general anybody with something nice is considered 'rich' and I can only equate it to petty jealousy.
@the shadow...... i think that is actually unfair on wealthy people.... in the grand scheme of things our family is very fortunate.. and whilst i have said before i am far from perfect but even so i like to think i do what i can and defintely like to make every kwh work as much as it can for me.

mind you my mrs does tell me i am tight! ;) (I like to think of it more as enjoying getting the most value out of stuff that i can )
Jest
 
Yeah thats my point, its open to abuse for sure depending how its structured. Hell worst case it could end up being like that scheme in NI where people were using all they could to get the rebate.

IMO we have to move to 30 min variable pricing for everyone. Those most able and willing will move consumption which should along with V2H and V2G and home storage should really help to lower the peak demand.
People that will struggle to move usage from the current peaks should see lower bills as should everyone else. How can everyone win? Well the last generation units added to the grid are the most expensive, we eliminate them the average for every unit goes down.
Ok the way you described it seems dumb, so someone moving onto it who already has considerable off peak usage from day one wouldnt be deemed as saving energy as that would be their baseline?

They just need to do TOU pricing instead, dont see whats so complicated about it.
 
I'm not sure how viable that is though. There has only been one occasion this month so far (one hour on the 9th Sept) where our overall consumption exceeded 1kWh in an hour, thats with running a dishwasher, washing machine or oven at peak periods.

I'm really interested in how they calculated it. Surely you could sign up to tariff, install an EV / battery and then charge it overnight for a massive off-peak spike. Then since the rest of your daily use is "below average" they'd pay you £1-£2 per unit used...

Well those sorts of issue with it were my point.
Its easy especially in the short term to pump up the units, if it was being used for some kind of benchmark, and of course you knew in advance.

TBH I was jus randomly picking the point to get across one way they could do it. Not that those points were the ones the should use.
Typical household is 2900 kwh a year, so only 8 per day. Peak (say 4-8) is only likely to be maxed at about 3 and more likely more like 2.
 
Ok the way you described it seems dumb, so someone moving onto it who already has considerable off peak usage from day one wouldnt be deemed as saving energy as that would be their baseline?

They just need to do TOU pricing instead, dont see whats so complicated about it.

I was describing what they did as the test. You know they did a test right?
They literally took peoples usage and tried to incentivise them to use less. They were testing, when incentivised did people use less or not bother.
Lets do that again, USE LESS.
So you need to do it at an individuals level on that basis to check that they USED LESS.

But as I said it really only makes sense to go hand in hand with variable pricing. Since we need to spread the grid usage as flat as possible and likely simple time based are going to cause their own peaks eventually. Eg once a lot of the population have EVs on a go type tariff.
 
IMO thats probably the most perfect example of how cheap energy has formed peoples usage

IMO they have their place, but it's very niche - my father-in-law has a gas powered Aga, but then he has a very large old house with no central heating, it's the only heat source in the house (other than a wood stove in the living room), and is in the kitchen in the basement, which rarely gets warm anyway, other than in the peak of summer.

I certainly wouldn't want one in a modern house as an alternative to proper gas central heating and a decent oven/hob.
 
It varies day to day but August was.
208.72 kWh Electric
34.47 kWh Gas (3.02m3)
Wow that gas usage is mentally low. 1kWh of gas. I mean a gas hob used is 0.9kWh alone so that for 20mins is 0.3kWh. A 5min shower is around 1.22kWh (4min shower using about 30ltr water), so those two alone is going to use 1.52kWh in a day. I really can't see it unless you of course as a family of 4 all shower only once evert 2 days all together for that 5mins?
 
75kwh of gas a day on average is what the annual bills says, thats being careful. At one time when it was cheap it was used every hour of the day all winter, no double glazing is not good. How much per set of windows for double or triple nowadays

they are far from 'rich' just people in decent jobs.
Decent job, no dependants, does make you rich relatively its personal perspective. Vice versa nice job with family to support is not often making you rich :p
 
earlier octopus load shift incentive sounded rational -
they have historic smart data on usage pattern, on the nominated (24 hour notice) critical day they can then see how much energy you shift and give you a payment per unit shifted
 
Wow that gas usage is mentally low. 1kWh of gas. I mean a gas hob used is 0.9kWh alone so that for 20mins is 0.3kWh. A 5min shower is around 1.22kWh (4min shower using about 30ltr water), so those two alone is going to use 1.52kWh in a day. I really can't see it unless you of course as a family of 4 all shower only once evert 2 days all together for that 5mins?

Our energy use for August was only 199 kwh for electricity and 22.4kwh for gas, a grand total of £52.94 for the whole month. That's a soon to end fixed deal and we only use gas for hot water and heating which has been off for several months. It has been easy to cut the usage for the pair of us.
 
Our energy use for August was only 199 kwh for electricity and 22.4kwh for gas, a grand total of £52.94 for the whole month. That's a soon to end fixed deal and we only use gas for hot water and heating which has been off for several months. It has been easy to cut the usage for the pair of us.
We don't use any heating here at all and haven't had heating on since last October and yeah 1 5min shower a day is enough to use minimum of 30kWh of gas a month so really boggles mind.

Do only use around 200kWh of electric though. That I understand. Just not sure how to get gas down. The basics of some hob cooking and hot water is 250kWh a month approx
 
Why would my SVR rate be 37p? Thought it was capped at 34p?


About this electricity tariff
Tariff type Variable
Payment method Quarterly Cash/Cheque
Standard unit rate 37.875p per kWh
Standing charge 44.577p per day*
 
Our energy use for August was only 199 kwh for electricity and 22.4kwh for gas, a grand total of £52.94 for the whole month. That's a soon to end fixed deal and we only use gas for hot water and heating which has been off for several months. It has been easy to cut the usage for the pair of us.
Wow that electric is low do you have solar?
 
I was describing what they did as the test. You know they did a test right?
They literally took peoples usage and tried to incentivise them to use less. They were testing, when incentivised did people use less or not bother.
Lets do that again, USE LESS.
So you need to do it at an individuals level on that basis to check that they USED LESS.

But as I said it really only makes sense to go hand in hand with variable pricing. Since we need to spread the grid usage as flat as possible and likely simple time based are going to cause their own peaks eventually. Eg once a lot of the population have EVs on a go type tariff.
Not sure why you putting it in caps, I didnt know about the test hence the question.

But the magic question is use less than what?

If they use your initial readings as a baseline then its got more holes than a net.

Just seems an over complex way to do TOU unit rates, we are agreeing with each other I think, 30 min readings, cheaper off peak.
 
What is the calculation to work out gas usage from meter readings,

The meter has gone up two units in a week
I don't know tbh. My Octopus account gives me the kWh figures for the gas so can see day, week, month and year. But my 250kWh is about 16 units all in so about 4 units a week then approx.

So taking that I would guess at around 125kWh then monthly or 4kWh a day.
 
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