Saving Sessions / Demand reduction thread

[Mercenary Keyboard Warrior]

Saving sessions thread guys, not the power up/free energy one

 

[Mercenary Keyboard Warrior]

Its a typical response from a party thats not really got the consumer interests at heart. Ofgem, literally not fit for purpose.
If they had they could do something similar most weekdays.

When you see the price the top generation bids at its basically utter profiteering.
The thing is they all benefit from it and one of the few who don't seem to what to do so is Octopus.

What really grinds my gears though isn't the price its the shortsightedness.
We WILL need this sort of thing in the future and are basically torpedoing it now.
V2G and reduced consumer demand in peak times are literally a part of the long term plan.

 

[Mercenary Keyboard Warrior]

Yeah I mean technically its now an all year round thing but its hard to imagine a time when its going to be needed outside the winter.

 

[Mercenary Keyboard Warrior]

To be honest, on this point I don't even really agree with Octopus. I know people don't like the payout being slashed, but I think any suggestion the rates would stay at £2000-3000/MWh - or even really half that was a bit laughable. ESO were only paying that in the first place to drive engagement during the test period, there was never a suggestion they'd actually pay that once DFS went live. What did people really expect?

When the ESO announced a while back that they had more margin this winter you knew it was already game over for big DFS payouts. I'm sure if there's a real tight margin one day we might see a good rate, but I think it's crazy to suggest they'd pay any more than what they could turn a gas power station on for in time of higher demand. Never going to happen IMHO.

Way to go to explain you don't know how the market works.

"In each half-hour trading period, the marginal cost of the last generating unit used to meet demand sets the price that the buyers (energy suppliers or traders) pay to the sellers (energy generators or traders) – known as a 'pay as you clear' model."

Guess how much that last little bit of grossly overpriced generation charges and hence how much everyone who generates gets?
Yep its well over, in fact its multiples of the amount we got.

So what happens is they call more and more of the generation thats available as demand goes up, and everyone gets that amount. I have seen numbers like £7.5k per mwh for stuff like large diesel generators mentioned previously.
As our spare capacity goes down and we run more risk of hitting max generation (or more) being required those happy to bid silly high for supply will be used more and more.

 

[Mercenary Keyboard Warrior]

That's why they had an auction tender system.

It's no good offering higher prices for he test runs and then slashing it for any live events in the future, it doesn't tell them anything and at 22p they have no idea how many people will take part.

I agree but think its even worse than you explained.
When they did the auctions they requested a silly low amount of MWh. The amounts requested were below what Octopus alone had "supplied" at the fixed rate sessions so they were basically asking a load of suppliers to bid as low as they though they would need to go to secure the "win", a game which a load of the tiny suppliers played.

So it didn't give any real indication of how much could be "supplied" at any other demand point.
So fine if all your ever going to request is a small amount (hardly seems worth the bother then) when the supplier who did all the heavy lifting was Octopus and they didn't bid silly low.

If you asked Octopus today how many demand reduction mwh they could supply at 22p per unit (effectively people reducing and people who can exporting) I bet they would say "no idea, we don't have any data with which to make an educated guess"

Lets face it they don't cover themselves with glory nor outward competence.
The first year they used a silly equation which people cottoned on to and the second they did the bidding thing but for volumes around 1/10 that had been supplied previously.

 

[Mercenary Keyboard Warrior]

Check your emails peeps.

Saving Sessions - the energy saving scheme where we pay you to use less power - is back, but with a lower reward. Read more and tell us if you want to take part.

What's the deal with Saving Sessions this year? [FONT=arial, helvetica, sans-serif]NESO has just relaunched the service behind Saving Sessions, but with some changes. There will be many more events but the rewards for each will typically be 10-25% of the previous value, but may be rather more on occasion.

We're continuing to work with NESO to increase the rates and we'll let you know if they do. Until then, we know lots of you will still be interested, just let us know if you want to take part below. "

[/FONT]

 

[Mercenary Keyboard Warrior]

I'll take part, but only if it doesn't inconvenience us, we won't be putting the effort in that we did last year.

Thats pretty much my take so I have signed up.
At the end of that day that is so that I know what is going on and can decide to take part or not.

If the rate is ok I may go on grid that day and just empty batteries in the sessions. Otherwise maybe I wont bother.

 

[Mercenary Keyboard Warrior]

We don’t have any spare battery capacity now we have the heat pump on so unless the reward is >40p/kwh, I doubt I’ll bother.

It wouldn’t be otherwise worth charging the battery at 25p to dump it back to the grid as I’m looking at 28p/kwh after round trip losses.

You do get the normal export as well.

So for me assuming I buy normal priced units they are 27p, so I am losing 12p per unit (ignoring losses as I would have them anyway using battery).
So I would be looking at 32p as an absolute minimum being 32p-12p=20p profit per kwh.

Simply couldn't be bother to mess around for anything less.

If they could give more sessions, like every day in the week and at the same times, like 5-7pm then I could be bothered for probably a bit less.