Cosy Octopus for Heat Pump Owners

chris1973

Deleted_User said:

chris1973 said:

Personally, I think if Energy companies have found a way to reduce prices and still remain profitable, then they should be made available to every household who calculates that they can make use of them for other forms of heating, not just be offered to owners of certain "appliances"

Feel free to set up your own supplier, then you can offer whatever tariff you like to as wide a range of people as you desire.

Do you also wish to insist that time-of-use tariffs are offered to people with analogue meters?

Nah, Waiting for you to step up be the problem solving exemplar. As you always rock up to have all of the answers........

[Deleted User]

chris1973 said:

Deleted_User said:

chris1973 said:

Personally, I think if Energy companies have found a way to reduce prices and still remain profitable, then they should be made available to every household who calculates that they can make use of them for other forms of heating, not just be offered to owners of certain "appliances"

Feel free to set up your own supplier, then you can offer whatever tariff you like to as wide a range of people as you desire.

Do you also wish to insist that time-of-use tariffs are offered to people with analogue meters?

Nah, Waiting for you to step up be the problem solving exemplar. As you always rock up to have all of the answers........

I don't see there being a problem here - nothing needs solving.

A supplier, complying with all the price cap legislation, is trying to offer a novel service into one particular market segment.  This is their right and they are free to make that decision.

Spoonie_Turtle

chris1973 said:

Reed_Richards said:

Roseybug said:

How easy is it to programme a heat pump to work a bit harder in the cheaper periods, and rest in the peak period? 

Good question!  Heat pumps lose efficiency the hotter you try to make your room so typically you try to keep them running steadily.  I think of all the different forms of electrical heating, heat pumps are the least well suited to the tariff regime Octopus is offering.    

Personally, I think if Energy companies have now found a way to reduce prices at certain times and still remain profitable, then these tariffs should be made available to every household who calculates that they can make use of them

Octopus are way ahead of you
https://octopus.energy/agile/

[Deleted User]

@chris1973

Octopus Energy has made it very clear that it sees heat pumps as the future. It has invested £Ms in setting up its own heat pump R&D; manufacturing and installation company. The company aims to produce 1000 heat pumps a month by the end of 2022. Part of the company’s philosophy is that heat pump consumers should be able to make use of energy when it is cheap through its various time-of-use tariffs.

For non-heat pump or EV owners, Octopus’ Agile tariff is available. Even though it is a beta tariff, it became almost mainstream last year when consumers latched onto the low capped price. Not surprisingly, given recent cost increases, this cap had now been increased but it still offers cheap energy to ALL when there is a surplus.

As we are already seeing the phase out of some of Octopus’ early time-of-use tariffs (eg; Go Faster) along with the introduction of Intelligent tariffs where Octopus manages, for example, EV charging times, I can see this becoming the norm for heat pumps and batteries. 

Reed_Richards

[Deleted User] said:

Octopus Energy has made it very clear that it sees heat pumps as the future. It has invested £Ms in setting up its own heat pump R&D; manufacturing and installation company. The company aims to produce 1000 heat pumps a month by the end of 2022. Part of the company’s philosophy is that heat pump consumers should be able to make use of energy when it is cheap through its various time-of-use tariffs.

If Octopus is genuinely committed to heat pumps they would know that they don't usually work so efficiently when asked to provide heat quickly so their proposed tariff structure is a bad fit to what a heat pump needs.  

matelodave

Totally agree

Mstty

I suspect most with central heating not just ASHP will setback their overnight temperatures so to start bringing the house temp up from 4am-7am actually works well for the price of 20-21p kWh for that 3 hours period.

The 1pm-4pm period is tough to see a benefit for ASHP as this could be argued to be the hottest part of the day so running most efficiently anyway. 

The 4pm-7pm period is obviously about shifting peak demand and nothing to do with heatpumps but the price of electricity at this time.

For us we have a fic at 29.24p kWh and given a change of times of activities we could nearly match this with this tariff. So it shouldn't be dismissed out of hand.

Reed_Richards

 Which would save you more, running your heat pump on 'Octopus Cosy' or running it on their electric car tariff, 'Octopus Go'?

Mstty

For my area Octopus GO

00:30-04:30 12p kWh 

04:30-00-30 44.25p kwh 

Could shift one load of washing to the 4 hour cheap period and dishwasher saving 64p and heat the daily water before 04:30 saving 64p but certainly not as versatile for the Tumbledryer as cosy and not conducive to two loads of washing during the cheap go time

Cosy works out approx 75p-£1 cheaper a day in winter than Go which is a big saving.

[Deleted User]

Cosy works out approx 75p-£1 cheaper a day in winter than Go which is a big saving.

I have a small wager with a friend that Octopus Go will be a dead tariff within the next 12 months. Octopus is undoubtedly moving towards intelligent tariffs for EV charging.