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Do off-peak tariffs actually work out cheaper?

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  • It’s the octopus go tariff. I can’t really compare to my current usage as at the minute I’m washing, using dishwasher, etc during the day as I have solar panels without battery storage but if it was cheaper to be on the octopus go tariff then I’d time things for night time. But I am at home with the kids a few days per week so we do use lights, tv, cooker, etc during those days. I have a smart meter but no in house monitor as I wasn’t given one and when I’m still waiting after requesting one
  • MWT
    MWT Posts: 10,273 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 20 October 2022 at 12:22PM
    It’s the octopus go tariff.
    No, that isn't the 'Go' tariff, but it is close.
    On 'Go' right now you would be on 12p at night between 00:30-04:30 and the day rate will be around 44p, the prices changed recently. ( The 'Intelligent' tariff is 10p but different hours)
    Also you would need to have an EV to go onto that tariff, and without that sort of high load device, the odds are this isn't going to be a cheaper option for you...
    What do you use for heating?

  • MWT said:
    It’s the octopus go tariff.
    No, that isn't the 'Go' tariff, but it is close.
    On 'Go' right now you would be on 12p at night between 00:30-04:30 and the day rate will be around 44p, the prices changed recently. ( The 'Intelligent' tariff is 10p but different hours)
    Also you would need to have an EV to go onto that tariff, and without that sort of high load device, the odds are this isn't going to be a cheaper option for you...
    What do you use for heating?

    It’s literally the quote they gave me over the phone when I rang them this morning. They couldn’t offer me the intelligent one as I’m not eligible because my EV wasn’t on their list but they said I could have the go.
  • ariarnia
    ariarnia Posts: 4,225 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    dont forget then that you would still have your solar panels so wouldn't need to switch everything to the night rate to break even. though i guess your 'free' energy during the day would be less in winter anyway. 
    Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott

    It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?

    Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.
  • ariarnia said:
    dont forget then that you would still have your solar panels so wouldn't need to switch everything to the night rate to break even. though i guess your 'free' energy during the day would be less in winter anyway. 
    Yeah that’s right. But I’m still not sure how to work out of it would be cheaper since the peak time rate is much higher. I guess if I had a monitor I could see my usage but I don’t have one so I only have my meter readings 
  • MWT
    MWT Posts: 10,273 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 20 October 2022 at 3:21PM
    MWT said:
    It’s the octopus go tariff.
    No, that isn't the 'Go' tariff, but it is close.
    On 'Go' right now you would be on 12p at night between 00:30-04:30 and the day rate will be around 44p, the prices changed recently. ( The 'Intelligent' tariff is 10p but different hours)
    Also you would need to have an EV to go onto that tariff, and without that sort of high load device, the odds are this isn't going to be a cheaper option for you...
    What do you use for heating?

    It’s literally the quote they gave me over the phone when I rang them this morning. They couldn’t offer me the intelligent one as I’m not eligible because my EV wasn’t on their list but they said I could have the go.
    Have a look here and see what this gives you...
    With both the wrong times and the wrong rates, the CS person you were speaking to may not have been looking at the right information...
    How often do you charge your EV each week, and how much do you use each time? ... that will give you a good clue as to the suitability of the 'Go' tariff... (if not sure about the frequency, even your annual mileage would be a decent guide...)
  • Spoonie_Turtle
    Spoonie_Turtle Posts: 10,334 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    ariarnia said:
    dont forget then that you would still have your solar panels so wouldn't need to switch everything to the night rate to break even. though i guess your 'free' energy during the day would be less in winter anyway. 
    Yeah that’s right. But I’m still not sure how to work out of it would be cheaper since the peak time rate is much higher. I guess if I had a monitor I could see my usage but I don’t have one so I only have my meter readings 
    There are some apps you can use to view your usage.
  • ariarnia
    ariarnia Posts: 4,225 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    yeah. if you have an electric smart meter then the bright app is really good at showing what you are using every half hour. there's a delay so its better to look at it a day behind. but i dont know how the bright app would work with solar panels?
    Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott

    It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?

    Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.
  • Petriix
    Petriix Posts: 2,297 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    I'm on a previous version of Go Faster at 5p/24p. I currently use 75-80% off-peak and average under 10p per kWh. The winter will be harder with less solar generation, but I'm saving hundreds. 
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