Octopus Saving Session

Mstty

razord said:

masonic said:

vic_sf49 said:

I do love it, when Octopus/Bright lag behind with your usage data each Tuesday, when it's over a Saving Session / in day adjustment.

Eagerly awaiting my data to be pulled through. This is the first day in a long time I've had any delays or issues.

Annoyingly, my smart meter has a WAN fault that started sometime yesterday (WAN light flashing every 0.75s rather than every 5s) so they won't get any data for me until that sorts itself out... annoyingly, Octopus use their customer average saving for users rather than a users average for a saving session, so this one might well have cost me ~£7 or so if it doesn't sort itself out overnight before the calculation.

Surely it won't cost you anything as the energy shifted would have been used at other points either day before, on the day, later that day or even days after? Unless you purposely wasted energy?

masonic

Mstty said:

razord said:

masonic said:

vic_sf49 said:

I do love it, when Octopus/Bright lag behind with your usage data each Tuesday, when it's over a Saving Session / in day adjustment.

Eagerly awaiting my data to be pulled through. This is the first day in a long time I've had any delays or issues.

Annoyingly, my smart meter has a WAN fault that started sometime yesterday (WAN light flashing every 0.75s rather than every 5s) so they won't get any data for me until that sorts itself out... annoyingly, Octopus use their customer average saving for users rather than a users average for a saving session, so this one might well have cost me ~£7 or so if it doesn't sort itself out overnight before the calculation.

Surely it won't cost you anything as the energy shifted would have been used at other points either day before, on the day, later that day or even days after? Unless you purposely wasted energy?

It depends on the relative cost of the energy at different times of the day. If you are on a smart or E7 tariff, then this would be relevant (though Agile has been quite SS-friendly of late). I load shift from my off-peak period. For an evening session, during the IDA period I pay the peak rate, so it would cost me roughly triple for the same energy if I didn't get the Octopoints. Though the opportunity cost of not getting the Octopoints would be by far the most significant cost of my meter not sending smart readings in time.

Mstty

masonic said:

Mstty said:

razord said:

masonic said:

vic_sf49 said:

I do love it, when Octopus/Bright lag behind with your usage data each Tuesday, when it's over a Saving Session / in day adjustment.

Eagerly awaiting my data to be pulled through. This is the first day in a long time I've had any delays or issues.

Annoyingly, my smart meter has a WAN fault that started sometime yesterday (WAN light flashing every 0.75s rather than every 5s) so they won't get any data for me until that sorts itself out... annoyingly, Octopus use their customer average saving for users rather than a users average for a saving session, so this one might well have cost me ~£7 or so if it doesn't sort itself out overnight before the calculation.

Surely it won't cost you anything as the energy shifted would have been used at other points either day before, on the day, later that day or even days after? Unless you purposely wasted energy?

It depends on the relative cost of the energy at different times of the day. If you are on a smart or E7 tariff, then this would be relevant (though Agile has been quite SS-friendly of late). I load shift from my off-peak period. For an evening session, during the IDA period I pay the peak rate, so it would cost me roughly triple for the same energy if I didn't get the Octopoints. Though the opportunity cost of not getting the Octopoints would be by far the most significant cost of my meter not sending smart readings in time.

Well that is definitely a risk you need to factor in (with the approx 2.5million others on E7)s to whether you take part or not

razord

Mstty said:

razord said:

masonic said:

vic_sf49 said:

I do love it, when Octopus/Bright lag behind with your usage data each Tuesday, when it's over a Saving Session / in day adjustment.

Eagerly awaiting my data to be pulled through. This is the first day in a long time I've had any delays or issues.

Annoyingly, my smart meter has a WAN fault that started sometime yesterday (WAN light flashing every 0.75s rather than every 5s) so they won't get any data for me until that sorts itself out... annoyingly, Octopus use their customer average saving for users rather than a users average for a saving session, so this one might well have cost me ~£7 or so if it doesn't sort itself out overnight before the calculation.

Surely it won't cost you anything as the energy shifted would have been used at other points either day before, on the day, later that day or even days after? Unless you purposely wasted energy?

I swap to things like Electric heating from my district heating system, which is obviously considerably more expensive.

masonic

Mstty said:

masonic said:

Mstty said:

razord said:

masonic said:

vic_sf49 said:

I do love it, when Octopus/Bright lag behind with your usage data each Tuesday, when it's over a Saving Session / in day adjustment.

Eagerly awaiting my data to be pulled through. This is the first day in a long time I've had any delays or issues.

Annoyingly, my smart meter has a WAN fault that started sometime yesterday (WAN light flashing every 0.75s rather than every 5s) so they won't get any data for me until that sorts itself out... annoyingly, Octopus use their customer average saving for users rather than a users average for a saving session, so this one might well have cost me ~£7 or so if it doesn't sort itself out overnight before the calculation.

Surely it won't cost you anything as the energy shifted would have been used at other points either day before, on the day, later that day or even days after? Unless you purposely wasted energy?

It depends on the relative cost of the energy at different times of the day. If you are on a smart or E7 tariff, then this would be relevant (though Agile has been quite SS-friendly of late). I load shift from my off-peak period. For an evening session, during the IDA period I pay the peak rate, so it would cost me roughly triple for the same energy if I didn't get the Octopoints. Though the opportunity cost of not getting the Octopoints would be by far the most significant cost of my meter not sending smart readings in time.

Well that is definitely a risk you need to factor in (with the approx 2.5million others on E7)s to whether you take part or not

Indeed, although for a typical 1 hour session with 3 hour IDA period, the difference between rates or failure rate would need to be very high in order to make one consider not taking part. Even if the differential was 35p/kWh, your meter could fail to report data for half of the sessions and taking part would still be of slight benefit (and one can still take part and just not opt to shift load to the IDA period). At the moment SVR E7 peak is approx +27p and Go is approx +32p/kWh, while Agile tends to be lower. Fortunately I'm currently on a cheaper deal, so it is an absolute no-brainer for me.

michaels

For us in the IDA period we use energy that costs 45.5p per unit that would other wise cost about 4.5p per unit off peak into the battery.  Thus is costs about 50% of what we make during the saving session.  Of course things are much better if the sessions are longer than an hour or the rate is higher.

Our main risk seems to be that the app provider who we have done it through are not good for the money (currently about £225 owed from 7 sessions) that cost about £100 extra.

Shedman

Finally got an invite from BG to join their Peak Save program.  They indicate they pay double what the NG pay them and pay a minimum of £1 even if your savings are less than £1.  I'm currently with Loop but could quit them and join BG's offering.  Does anyone know if BG use the same criteria as Loop with regard to in-day adjustment?  

(Would need to check Loops t&cs to make sure I wouldn't lose anything earned to date as well)

masonic

Shedman said:

Finally got an invite from BG to join their Peak Save program.  They indicate they pay double what the NG pay them and pay a minimum of £1 even if your savings are less than £1.  I'm currently with Loop but could quit them and join BG's offering.  Does anyone know if BG use the same criteria as Loop with regard to in-day adjustment?  

(Would need to check Loops t&cs to make sure I wouldn't lose anything earned to date as well)

The formula for calculating savings is industry wide, so that shouldn't be an issue. I suppose they could do something funky with the part they are paying from their own pocket, but that seems unlikely.

Mstty

masonic said:

Shedman said:

Finally got an invite from BG to join their Peak Save program.  They indicate they pay double what the NG pay them and pay a minimum of £1 even if your savings are less than £1.  I'm currently with Loop but could quit them and join BG's offering.  Does anyone know if BG use the same criteria as Loop with regard to in-day adjustment?  

(Would need to check Loops t&cs to make sure I wouldn't lose anything earned to date as well)

The formula for calculating savings is industry wide, so that shouldn't be an issue. I suppose they could do something funky with the part they are paying from their own pocket, but that seems unlikely.

Not so unlikely Eon Next from the last event revoked the IDA in day adjustment period, pocketed the money from the IDA part of the formula....Happy days

masonic

Mstty said:

masonic said:

Shedman said:

Finally got an invite from BG to join their Peak Save program.  They indicate they pay double what the NG pay them and pay a minimum of £1 even if your savings are less than £1.  I'm currently with Loop but could quit them and join BG's offering.  Does anyone know if BG use the same criteria as Loop with regard to in-day adjustment?  

(Would need to check Loops t&cs to make sure I wouldn't lose anything earned to date as well)

The formula for calculating savings is industry wide, so that shouldn't be an issue. I suppose they could do something funky with the part they are paying from their own pocket, but that seems unlikely.

Not so unlikely Eon Next from the last event revoked the IDA in day adjustment period, pocketed the money from the IDA part of the formula....Happy days

Oh, I thought that was an error on their part. I am surprised any supplier is permitted to pocket money paid to them for the purpose of passing on to customers. I know Octopus does its lottery thing, but that's different than keeping it for themselves. Suppliers that fail to distribute money from the scheme should have to repay that money to NG or be barred from bidding in future events.