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Octopus Agile tariff showing Plunge (negative) pricing 1st Oct

k_man
k_man Posts: 1,636 Forumite
1,000 Posts Second Anniversary Name Dropper
edited 30 September 2022 at 3:21PM in Energy
Just seen latest rates for Agile.

- (negative) 8.8p per unit overnight (early morning)

😮😮😮

ETA this was via Octopus Compare app, so yet to see formal confirmation)
«134

Comments

  • k_man
    k_man Posts: 1,636 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 30 September 2022 at 3:15PM
    Figures from www.energy-stats.uk via Twitter
  • DeeQS
    DeeQS Posts: 78 Forumite
    Third Anniversary 10 Posts Name Dropper
    I just spotted this as well. First time I’ve seen that in a while. It is very windy and due to stay windy all night. 15GW from wind expected all night.
  • Alnat1
    Alnat1 Posts: 3,961 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Really glad about that, been running on grid power all day as no solar and battery is empty, can fill it up overnight  :D
    Barnsley, South Yorkshire
    Solar PV 5.25kWp SW facing (14 x 375) installed Mar 22 
    Lux 3.6kw hybrid inverter and 9.6kw Pylontech batteries 
    Daikin 8kW ASHP installed Jan 25
    Octopus Cosy/Fixed Outgoing 
  • k_man
    k_man Posts: 1,636 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Times like this I wish I had an electric heater to warm the house overnight, ready for morning!
  • Phlik
    Phlik Posts: 1,088 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Ok, now bare with me, am I right in thinking that octopus are going to pay me up to 9ppkWh to use electricity through the early hours tomorrow morning?

    This may seem like a daft question but I signed up to agile in July purely as the caped rate was 35ppkWh and the sc was 21ppd. Surely the not going to pay me to use electricity?
  • wrf12345
    wrf12345 Posts: 975 Forumite
    Sixth Anniversary 500 Posts
    Or run an inverter off an electric car after charging up in the blue zone...
  • Alnat1
    Alnat1 Posts: 3,961 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    @Phlik I'll bear with you, but my hubby might be annoyed if I bare with you  ;)
    Barnsley, South Yorkshire
    Solar PV 5.25kWp SW facing (14 x 375) installed Mar 22 
    Lux 3.6kw hybrid inverter and 9.6kw Pylontech batteries 
    Daikin 8kW ASHP installed Jan 25
    Octopus Cosy/Fixed Outgoing 
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Third Anniversary Name Dropper
    Phlik said:
    Ok, now bare with me, am I right in thinking that octopus are going to pay me up to 9ppkWh to use electricity through the early hours tomorrow morning?

    This may seem like a daft question but I signed up to agile in July purely as the caped rate was 35ppkWh and the sc was 21ppd. Surely the not going to pay me to use electricity?
    That's how it works.  Sometimes you need to pay generators to turn down or turn off - or pay users to use more - that's how you balance the grid.
  • wrf12345
    wrf12345 Posts: 975 Forumite
    Sixth Anniversary 500 Posts
    "Agile Octopus introduces Plunge Pricing – a world first that lets you take advantage of these negative price events, and get paid for the electricity you use. You'll receive alerts whenever prices drop below zero, and you can use our Agile API to program your smart devices."
  • Phlik
    Phlik Posts: 1,088 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 30 September 2022 at 3:42PM
    Alnat1 said:
    @Phlik I'll bear with you, but my hubby might be annoyed if I bare with you  ;)
    Spoil sport :D
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