We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Octopus still can't give me the Economy 7 Unit split
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?
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?
0
Comments
-
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.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.2 -
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.1
-
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.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards
