Energy Prices (Strictly NO referrals!)

This right here bugs me more than anything else right now. It makes me think that they're hiding something or trying to scam you. Can anyone from other energy companies, particularly Octopus confirm you can see your balance as it stands?

Aye at the very time when a good number of people want to know what their balances are it seemed ridiculous that they remove the balance option years ago and now only take payment every so often. I'm pretty sure I phoned up when I noticed my balance was a couple of hundred quid in credit but no indication on what energy I was using until they knocked a lump off my balance whenever it suited them.
 
I might start to build up some history charging my EV and home battery at 7pm at 31p, then shift it to overnight and get paid £3 kWh for doing so :p

Monthly summary
1000 kWh at 31p = £310 cost
1000 kWh shifted to overnight x £3 = £3000 income :D
 
Last edited:
  • Haha
Reactions: TNA
Woaa this will be interesting!

the thing is, what about people who already use naff all on peak power?
for instance we already push all non essential stuff off peak, use a slow cooker or air frier and are careful where possible.

does that mean someone who normally does not give too hoots and charges an electric car during the day, uses the washing and drier etc get rewarded for doing the easy stuff, and people who already make an effort for the greater good without needed money get nothing?

i mean, it seems a good idea i suppose and if that is what it takes to make people who only care about themselves think about what they use, perhaps it is for the greater good................... but it does seem a bit like a reward for the wasteful somewhat rather than a pat on the back for those who are careful
 
people in the octopus trial didn't actually save many kwhrs, but it all adds up
50% of participants reduced regular energy by 40% / 0.6Kwh in evening 4.30/6.30pm slots, ie. they regularly use 1.5, seems fairly easy on the occasional basis, with 24 hours notice,where you could move any kind of cooking intensive meal to the next day or cook later (w/o children) but, if you had to do that for a straight week might be more difficult.


i dont understand why you would burn hydrogen to heat your home given the ineffiencies of creating it.
because we can store it for winter when the wind doesn't blow, or sun doesn't shine ... albeit could have demand shifting electric from other time zones,
shell in the Netherlands and Norway are signed up for electrolysis at industrial scale.

Compressed hydrogen also can be stored in aquifers, salt caverns, or empty natural gas fields. This is proven technology for natural gas. The storage pressure currently varies between 100-150 bar and may exceed 250 bar for very deep reservoirs or aquifers. Hydrogen storage in salt caverns and depleted oil wells is also demonstrated for more than 30 years. Three caverns are currently licensed for operation on Teesside, each cavern is capable of storing 70,000 m³. Operated by SABIC, the facilities support hydrogen distribution to chemical plants in the Teesside chemical complexes and have done so for over 30 years. The caverns operate at 45 bar at a depth of 400 m with a total storage tonnage of 700-1000 tonnes (27,600- 39,429 MWh 3 ) and are adjacent to the BOC SMR
 
people in the octopus trial didn't actually save many kwhrs, but it all adds up
50% of participants reduced regular energy by 40% / 0.6Kwh in evening 4.30/6.30pm slots, ie. they regularly use 1.5, seems fairly easy on the occasional basis, with 24 hours notice,where you could move any kind of cooking intensive meal to the next day or cook later (w/o children) but, if you had to do that for a straight week might be more difficult.



because we can store it for winter when the wind doesn't blow, or sun doesn't shine ... albeit could have demand shifting electric from other time zones,
shell in the Netherlands and Norway are signed up for electrolysis at industrial scale.

Compressed hydrogen also can be stored in aquifers, salt caverns, or empty natural gas fields. This is proven technology for natural gas. The storage pressure currently varies between 100-150 bar and may exceed 250 bar for very deep reservoirs or aquifers. Hydrogen storage in salt caverns and depleted oil wells is also demonstrated for more than 30 years. Three caverns are currently licensed for operation on Teesside, each cavern is capable of storing 70,000 m³. Operated by SABIC, the facilities support hydrogen distribution to chemical plants in the Teesside chemical complexes and have done so for over 30 years. The caverns operate at 45 bar at a depth of 400 m with a total storage tonnage of 700-1000 tonnes (27,600- 39,429 MWh 3 ) and are adjacent to the BOC SMR
ok i get that and its a good point well made........and is until recently similar to how i thought.......... however are we even close to there yet? To me this seems a decent idea when summer time gas usage is down to zero and we have a over flowing challice of clean energy that we literally do not know what to do with, and the hydrogen which is already being used in industry is created from clean energy.
Last week i watched a podcast talking about this very subject and they had an expert on there who suggested we are at least a decade off even needing to think about hydrogen for even heavy vehicles yet

i cant remember the exact stats (i shall try and dig the stream out) but right now he suggested that to make JUST the hydrogen we use right now and nothing else cleanly it would take more than the entire planets wind and solar combined.........

I left that podcast feeling that for the forseeable H2 is just to inefficient to use just to burn......

edit i think this was it but dont have time to find the right part, it is a good listen however

 
Last edited:
There will be a cap for the total amount one house hold can claim on this - e.g. £100 per month.
Yeah but you know it’ll be people like in the way you were half joking thatll be doing it.

Some genuine people will get a few quid off there bills, others will manipulate it to gain an extra £100 a month.. because well you know it’s free money and I’m not doing anything wrong.
 
Although if it works it will help the grid shed some of that ludicrously expensive energy we all end up paying for when the grid is close to max

I would hope the scheme will take a reasonable window on who is using what when
eg if you take last 3 month usage it removes a big chunk of seasonality.
Take last 3 months say 5pm-8pm usage. Divide by number of days to get users typical usage. Say thats 4kwh.
The next month you the last 3 months rolling usage, say thats dropped to 3kwh, thats a 1kwh saving per day, so 30 x £3 benefit.

Roll on another month and say its dropped to 2, again its 1 per day average 3-2 = 1 so similar payment.

But within a few months they will be averaging very low and as such they wont be getting large payments. They could then go for three months of excess usage to try to reset to a high level, but it would be a gamble for many since they would be paying typically for higher price units now, with no guarantee they will get enough £3 per kwh rebates to make up for using those expensive units. Based on the assumption that those able to make a significant difference would mainly have batteries, evs etc to charge in the first place.
 
for sure.....
its just according to https://www.youtube.com/watch?v=lqf7-U53W0A&t=1s

we are not close to having enough spare clean energy to makign it worth while and we would likely end up burning H2 made from non renwables untill we have significantly more renewable thanwe do now.
It does help in situations like we have now, where we might not have enough gas to supply demand over winter. We could top that up with hydrogen that has been generated during periods of excess generation. If done well we can reduce the amount of gas we need to import.
 
Back
Top Bottom