Saving Sessions / Demand reduction thread

[Ron-ski]

Perhaps Octopus are trying to make a point, get attention or whatever.

I think unless people opt out en mass, then it won't make any difference.

 

[200sols]

I'm not sure I get the logic that warrants promising a 271 MWh saving when the previous sessions at ~3x the price saved less than half that, but that's what they bid. This is relevant because if they deliver <50% of the promised saving they take a penalty, so Octopus won't even be paid the 29.9p/kWh for today anyway. I guess they'll still pay what was promised to us, but why promise such a high saving that they won't deliver?

how much did Octopus promise NESO they'd save? 271 MWh.

It is my understanding 271 is the total of both 30 minute slots, so at any given time in the 17:30-18:00 and 18:00-18:30 slots the total they bid for saving was roughly half that number.

 

[DarkBahamut]

It is my understanding 271 is the total of both 30 minute slots, so at any given time in the 17:30-18:00 and 18:00-18:30 slots the total they bid for saving was roughly half that number.

Yeah, they said 271 for both 30 minute slots combined, but in the previous sessions they saved <129 MWh over the two 30 minute sessions too. I'm not sure if they have some secret non-consumer power they're saving and just not reporting in the emails. Will be interesting to see what got saved with the low payments yesterday though.

I'm assuming we'll see another today, and hopefully better paying considering the rather high wholesale prices forecast!

 

[dlockers]

What's the penalty for not hitting the 271? Maybe they've found a way to mess with the system?