It is, however, if you use most outside of 4-7pm it would be cheaper. Their standard is ~13p kWh, off peak would be 12p and overnight only 7.45p so.of people use most outside there could be an opportunity to save.
Octopus customers save money withTuEToU tariff
In February, Octopus Energy launched the first smart ToU tariff, Agile Octopus, offering consumers half-hourly pricing reflecting the real prices at which Octopus buys electricity in the day-ahead market and the various network and other costs that apply.
Agile customers are able to check their prices for the following day online and through an app at 4:30pm every day, allowing them to see when the cheapest times will be the next day, and enabling them to make decisions about consumption based on these prices. The tariff also includes a cap at 35p /kWh, to protect customers from the effects of market price spikes.
Octopus analysed the behaviour of its Agile customers after being on the tariff for six months and found that 28% showed a statistically significant change in peak time usage, dropping peak usage from 16% to 11.5% of their daily consumption. This resulted in a reduction in peak demand of an average of 15.62 kWh per month. Overall, peak use was reduced by 28.19%.
They also found that the more engaged Agile customers saved the most money – the top 25% most engaged customers saved £91 compared with an Octopus 12 month fixed tariff, and £229 compared with the average large legacy supplier standard tariff. Electric vehicle drivers were found to change their behaviour the most, achieving savings of £132 on average, compared with an Octopus fixed tariff. The most active Agile EV customers dropped the proportion of power they used in the peak period by 47%.
Useful things to know
Your account should have some credit
Having credit in your account will keep your account healthy all year round. If it's in debit, your payments might be too low. We'll be in touch if you're paying too much or too little.
You can change your payments quickly online
Going away? Guests staying for a few months? You can change your payments in your Bulb Account to reflect any changes at home
They just jacked up the price, not that cheap anymore.So I heard Octopus is good, I might join up with them
EON did that to me, from £76 to £150 a month! Of course, when I left them a few months later I was in credit by quite a bit. Conning ********!from Bulb:
We need to increase your payments
Hi,
Based on your recent meter reading, your energy costs more than expected. To cover this, we need to increase your payments from £82 to £138 a month.
We'll do this automatically on 4th December, 2018.
L..... O..... L
from Bulb:
We need to increase your payments
Hi,
Based on your recent meter reading, your energy costs more than expected. To cover this, we need to increase your payments from £82 to £138 a month.
We'll do this automatically on 4th December, 2018.
L..... O..... L
Right I need to sort my switch out, the ones that are able to offer referrals are they worth it and well priced?
Possibly the right choice, only you can decide but I do think their pricing method is fair and transparent.
PP referral link sent. Thanks if you use