Agile Rates

CanNeverThinkOfAUsername

Tonight's, again for Yorkshire.........

00:00 - 00:30	28.60
00:30 - 01:00	30.55
01:00 - 01:30	32.63
01:30 - 02:00	29.61
02:00 - 02:30	30.37
02:30 - 03:00	29.19
03:00 - 03:30	28.27
03:30 - 04:00	27.09
04:00 - 04:30	27.99
04:30 - 05:00	26.88
05:00 - 05:30	26.67
05:30 - 06:00	27.15
06:00 - 06:30	22.32
06:30 - 07:00	27.22
07:00 - 07:30	27.27
07:30 - 08:00	33.03
08:00 - 08:30	27.41
08:30 - 09:00	33.03
09:00 - 09:30	33.03

Spoonie_Turtle

CanNeverThinkOfAUsername said:

These exclude VAT (I'm 99% sure)

The EPG rate for Yorkshire according to Octopus is 33.1p, so I'd be very surprised if those didn't already include VAT.

CanNeverThinkOfAUsername

@Spoonie_Turtle I thought that at first, lol. But when i clicked on "Your unit rate calculation" and it said "52.38 is chosen to ensure the price is capped at 55p/kWh once VAT is added." This is why i then i was 99% sure the rates did not include VAT lol

greyteam1959

So is vat included in those figures ?

SJMALBA

These URs are VAT inclusive.

Scot_39

morhen said:

Time to charge the battery!  I can't see a downside of the agile tariff and more people should be on it imo.  It never goes above the price cap rate and has the cheapest standing charge around (20p per day).  Surely it's got to be better then just being on the standard tariff?

These daily 1/2 hourly rates tables don't seem to go over something close to the actual EPG cap.

I thought I read in another post - the actual tariff limit at one stage was 100p / kWh - and this section of the pricing explanation seems to verify it.  Octopus treating the EPG - as a capped discount - similar to an EPG // price fix interaction ?

So a maximum discount by 31.8p+VAT now if market rates higher than (34p EPG + 33.4p discount) c67p - should go above EPG - then EPG from EPG to EPG+33.4p - or market rates when lower.

https://octopus.energy/blog/agile-pricing-explained/ 

In more expensive periods - like Dec really cold spell (-xC day and night in some regions) - with low wind delivery for a few days - did they go into the maximum discount range - so higher than EPG rates ?

Has it ever come close to that descriptions - maximum 100p cap - maximum discount = 66.57p rate ?

Edit

"Is there any reason - the OP is only posting overnight rates and not day rates ?

At one stage during the cold spell - there was an article in The Guardian iirc - saying daily average day ahead peeked at £675 /MWh - 67.5p/kWh - and c6pm - a peak of over £2586 = £2.59/kWh. So possibly - depending on Octupus's buying model - hit the 100p maximum

See

https://www.theguardian.com/uk-news/2022/dec/11/uk-power-prices-hit-record-high-amid-cold-snap-and-lack-of-wind-power 

Just trying to see how these might work here.  As have known people in USA on wholesale trackers.

Texas apparently hit the state wholesale cap - was c$9000 - so $9/kWh in Feb 21.

Spoonie_Turtle

On Tracker it went above the EPG for Eastern England 3 times in December (our EPG was 35.06, not sure what exactly it is now).  Two of the days it went to 37.149p (35.38+VAT) and once to a little less than that but it's not in my calculator history and I've closed that bill now, can't be bothered to refind it.

JohnPo

Agile rates are negative from 2.00am to 5am tomorrow morning with 0p rate from 1.30am to 2.00am.

Also 0p 9.30pm to 10pm Thursday and negative again at 11.30pm to midnight - we will know this time tomorrow if those negative rates continue into the early hours of Friday.

QrizB

Holy thread necomancy, Batman!

JohnPo said:

Agile rates are negative from 2.00am to 5am tomorrow morning with 0p rate from 1.30am to 2.00am.

This would be a good opportunity for Octopus to offer a Free Electricity Session to the Octoplus folk. Wonder if they will?

Netexporter

In a related development, Octopus are now offering discounts on Ionity and Osprey public chargers with the Electroverse card, at times of excess supply.