Loop App - Turn Down and Save

Lorian

The 1 to 4 hours things is a National Grid thing and determines how National Grid pays the providers. AFAIK most providers use this to calculate the payment to their customers although I don't think they are actually obliged to. (Be good if someone who knows more about this can correct me if that's wrong).

As far as we are aware here only eon.next aren't honouring the IDA adjustment calculation. But keep in mind they removed it without notice, so others could follow suit.

It's my opinion that National Grid will re-write that to make it harder for people to game if there is another scheme next year.

Not many sessions left this year now anyway.

By the end of 2023 maybe we will see more time of day tariff appearing and they will start to erode the impact of such a scheme, at some point.

Mstty

I think the people (making the most out of the formula) are very much in the minority. No hard facts but someone stated 1% so it's whether it's worth tweaking that for emergency events in the future.

We will miss the events as they will have the effect of putting over £200 in our pockets but it was a bit of work and I can understand why some people haven't bothered.

We are a competitive household so everyone was into it which helped.

mmmmikey

.....and we don't know whether the practice of ramping up usage in the in day adjustment period is good or bad for the energy companies. It may well be that they gain more from a smoother ramp up and/or profit on sales during the in day adjustment period than they loose on paying out higher Turn Down and Save payments. And if the long term goal is to get people to start actively managing their usage in the run up to a wider range of TOU tarriffs then the short term cost of allowing what some are describing as "gaming" may well be a price worth paying.

We simply don't know so it wouldn't surprise me if they change it and it equally wouldn't surprise me if they don't. Similarly it wouldn't surprise me if they don't run this particular scheme again at all.

TheElectricCow

I think we’re likely to at least see some changes to the rules if they run such a scheme again. If nothing else I would have thought there’d be some measure put in place to reduce not so much “gaming” the system by shifting consumption from other times but more more so to prevent outright wastage of energy for a profit e.g. by sticking a bunch of electric heaters on in the garden for 3 hours. 

It’s probably a very small minority of the domestic users who may go to those lengths but if the scheme were to increase in popularity and enough people got wise to it I can’t see them allowing things to go on as they are.

Perhaps it would be as simple a change as making the IDA only able to raise the baseline usage by a certain percentage above the non-adjusted amount, rather than going “Wow! You used 150x your normal usage for 3 hour period today, here’s a bunch of money”

pete-20-11

I want them to pay us to export energy during the dfs event. 

Mstty

So that is it for Loop then?

All sessions completed?

Part of me is pleased as we can park the 3 hour plan for now. Part of me is eyeing up what to buy on Amazon lol.

mmmmikey

Mstty said:

So that is it for Loop then?

All sessions completed?

Part of me is pleased as we can park the 3 hour plan for now. Part of me is eyeing up what to buy on Amazon lol.

Not sure - because the Tuesday test didn't include everyone ( including the Octopuses - and you know what that lot are like if they don't get their fair share ) there might be another one, and it's possible that plebs like us Loopies will be invited to join (as long as we stand quietly at the back and behave ourselves). There was also a bit of fiddling round with emails etc. for Wednesday's test for the Octo-mob so that might trigger another test as well.

Hope that is the case - if so I might just make it to the £200 mark, one more session should do it.

Waiting with baited breath for Tuesday's and Wednesday's results - think I'll go outside now and pace up and down a bit.....

northernsparky

On Monday this week - in an email from the “Hugo” app, they said they had 4 events left ( and for Octopus they had only 2 events left)
I’m now not sure what’s happening, since you could opt-in to yesterday’s event from Octopus, even though they were late in sending out their e-mails, but Octopus still have at least one more event left

MuckChucker

£6.15 is a new record result for me. Well, apart from the one where they paid £4+ per unit. £32.90 in total. Eyeing up a reversible dual hob skillet thingy from amazon

MikeyPGT

Just had my e-mail from Loop - 

'There is at least 1 more Turn Down and Save event to come. Loop will keep track of your rewards through the winter. We'll add them up and pay them to you via vouchers when Turn Down and Save finishes at the end of March. Your total savings so far are £4.35.'

£4.35 for actually increasing my use from an average of £1.50 a day to £3.14 on Tuesday!  Might even get a fiver from Wednesday's effort.  

Looks like there'll be another one in the next couple of weeks so will be saving up the washing and working out a batch cooking scheme althoug I have got about a months supply of frozen meals already sorted.