Energy Prices (Strictly NO referrals!)

darkgen said:
^ Interesting; how does it work?

e: oh, need to wait till November for details.
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You need to have high peak usage at the start, they use this as baseline data.

Then when they see the load shift you get paid per KwH you shift.

So if you already have low peak and want this, then need to artifically get your peak usage up at start. :p

Seems only two suppliers interested, need a smart meter, and it was some effort for me to find the octopus page, they not making it easy to find it on their site. Had to google specific words.

I couldnt find info if it requires a special tariff.
 
HungryHippos said:
I think it would be better to do something like an agile tariff, high peak rates and lower off peak ones, then you don't need to game the system, people can just choose to load shift and a lot would if it saved them money.
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Its the way forward, but the problem with Agile is historically they set the cap really high, apparently its now been raised again to 100p and this is whilst we have low dailies. If the cap is reasonably set, then its the future. The 35p agile when it originally came out was high, and the only reason some of us got that with the current wholesale prices is Octopus took their eye off it for a while earlier in the year.
 
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We have economy 7 which means we are already incentivised to load shift overnight. The government doesn’t see it that way though as we are actually being punished for being on an economy 7 tariff. We have to pay a higher day rate than you guys on the cap, plus a higher standing charge. That is how much they value us that already load shift.


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Doobedoo said:
We have economy 7 which means we are already incentivised to load shift overnight. The government doesn’t see it that way though as we are actually being punished for being on an economy 7 tariff. We have to pay a higher day rate than you guys on the cap, plus a higher standing charge. That is how much they value us that already load shift.
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It does seem like some of these energy policies are not aligned.
  • On one proposed tariff you have NG paying people to shift load to overnight
  • On the off-peak overnight tariffs you have the suppliers increasing the overnight unit cost.
  • Most cheap off-peak tariffs have more expensive day unit and SC rates, putting people off signing up to them. (as you mentioned)
 
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n111ck said:
Doesn't look so bad for my area so meh.. still won't happen though lol..

www.thesun.co.uk

Gov blackout plans revealed, here's exact time your home would be affected

A PLAN for three-hour blackouts has been revealed in government documents – and they show the time your home would be affected. The Electricity Supply Emergency Code (ESEC) gives the PM sweep…
www.thesun.co.uk www.thesun.co.uk
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I doubt it will get that far but as I have a child under 5 I did register https://www.ukpowernetworks.co.uk/psr-form

There’s other criteria on there so anyone that meets that should be able to be exempted from cuts.
 
SDK^ said:
It does seem like some of these energy policies are not aligned.
  • On one proposed tariff you have NG paying people to shift load to overnight
  • On the off-peak overnight tariffs you have the suppliers increasing the overnight unit cost.
  • Most cheap off-peak tariffs have more expensive day unit and SC rates, putting people off signing up to them. (as you mentioned)
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The first thing EDF mentioned when brought it up with them was “well you can always switch to a single day rate smart meter”. Well no because as you should be aware my annual bill would then sky rocket as the vast majority of my usage is on the night time rate.
 
Must admit I am getting a bit annoyed by standing charges.
I get why they need to exist, but I cannot see any reason at all why they should not be equal for everyone.
I mean why should someone on a "different" tariff pay more or less standing charge just by simply changing tariff.

I am deliberately avoiding getting into the is it fair if they exist, usage based unfairness, location based etc as they are all valid but different points to what I am making here.

Standing charge should be, the permanent and incremental grid system cost shared amongst all people with direct connection. They all pull demand and require investment and refresh etc.
I don't think standing charge should be used for anything bar that.

I think most people agree the system is not fit for purpose and needs a massive overhaul. Protected customer deposits so companies cant use them and then go bust, fair charging schemes, but more than anything, transparency!
 
n111ck said:
There will be so many people claiming exceptions it will be like face masks..
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Of course they will. I registered ages ago when Octopus told us to as we had the child. I expect if loads of people register they’ll have to audit or restrict access to the registration.
 
bigmike20vt said:
i dont understand why you would burn hydrogen to heat your home given the ineffiencies of creating it. surely much more sensible to use electricity and cut out the middleman as it were
Hydrogen surely would be better used to replace aviation, train and boat, plane fuel............. and maybe for HGVs
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Yeah agreed.
I think heat pumps etc will improve enough over time that hydrogen in place of gas is a non starter
 
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413x said:
I wonder how will work?
Crypto mining overnight anyone? :D

I bet whatever scheme comes up it will have tonnes of loop holes!
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Basically we are waiting for the details

But yes I suspect it will be a half arsed half thought out open to abuse scheme

I will shamelessly take any opportunity offered to me to take advantage of that however!
 
SDK^ said:
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
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This is what I mean. How is this not open to abuse?

People's usage changes.

If I run a crypto miner during day for a little while. Build up. History. Run it at night? Free money?
 
Mercenary Keyboard Warrior said:
Basically we are waiting for the details

But yes I suspect it will be a half arsed half thought out open to abuse scheme

I will shamelessly take any opportunity offered to me to take advantage of that however!
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If Truss can get paid 115k a year for wrecking the country I have no qualms about joining in!
 
413x said:
If Truss can get paid 115k a year for wrecking the country I have no qualms about joining in!
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And thus continues the moral decay of our society. Can’t really look down at “benefit scroungers now can we”?

That’s not a dig at you by the way as I think we all share that sentiment.
 
413x said:
This is what I mean. How is this not open to abuse?

People's usage changes.

If I run a crypto miner during day for a little while. Build up. History. Run it at night? Free money?
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As I said you are probably likely to be able to setup the system to be able to play it, however its not guaranteed is my understanding in that not every day would be a day when they need to load shift.

However most is just pure speculation right now and we will just have to wait

I think it was Hungryhippos who said it should be just tweakd variable time based tariffs and thats 100% correct, thats what we need, for everyone. Or those who refuse pay a far higher price for every unit.
The simplest way to reduce demand is to make it a lot more expensive when energy grid costs are high and supply is constrained.
Unfortunately we are still thinking like the cost is flat and the supply is plentiful.
 
Doobedoo said:
And thus continues the moral decay of our society. Can’t really look down at “benefit scroungers now can we”?

That’s not a dig at you by the way as I think we all share that sentiment.
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Never really blame people for milking the system. But can sure as hell blame the system
 
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