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Octopus still can't give me the Economy 7 Unit split

danmed
danmed Posts: 102 Forumite
Part of the Furniture 10 Posts Combo Breaker
So.. 1 day before everything kicks off and Octopus still cannot give me the economy 7 unit split price...

They can give me a weighted average (33.99) and a standing charge of 50.43p.. but no unit prices... seems a little ridiculous to me...

But.. can someone tell me if i'm correct..

What ever they decide the split is...

if i add up 17 of the day rate, and 7 of the night rate.. and then divide the total by 24.. it *should* average out at 33.99 (or there abouts)... is that how this works?

Comments

  • QrizB
    QrizB Posts: 22,542 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    edited 30 September 2022 at 1:23PM
    danmed said:
    if i add up 17 of the day rate, and 7 of the night rate.. and then divide the total by 24.. it *should* average out at 33.99 (or there abouts)... is that how this works?
    No, it';s a consumption-weighted average not a time-weighted average, and the official factor is 58:42.
    If you add 58 of the day rate (in p) and 42 of the night rate (in p) it should total £33.99 (or less).
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • So the night rate can be anywhere between 0p and 33.99p, with the day rate anywhere between 33.99p and 62.94p assuming no negative prices.  Not sure that's helpful.
  • danmed
    danmed Posts: 102 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    i think i'm just going to have to wait for them to sort their lives out and just live with whatever it is.. thanks for the replues.
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