New Octopus tariff for solar and battery users - Octopus Flux

[Deleted User]

New Flux prices are out. Email just received. Peak export down from 37.6p/kWh to 32.53p/kWh

Jonboy1889

Will vary by region obviously but a few pence drop on everything not too much of a surprise 

JKenH

Here are my new rates (East Midlands). In numerical terms the price per kWh has reduced by the same amount for both import and export but proportionally the export prices have been reduced more. Taking the day rate as an example, import has fallen by 9.6% while export has gone down 14%.

Mimikins

Just received an email with new rates. Starting July 1st. Hmm. Am I a bad person for being a little sad the prices are dropping? 

Ron-ski

No, I thought the same.

Jonboy1889

You’re basically worse off it your electricity usage is <export 

pensionpawn

Mimikins said:

Just received an email with new rates. Starting July 1st. Hmm. Am I a bad person for being a little sad the prices are dropping? 

Day export remains better than gas import by 11.7p and 15.9 above (100%) deemed whilst my import is now 9.6% cheaper. If this was the first Flux tariff I ever encountered I'd still bite Octopus's hand off!
Also, although this fall would have been better in October, as we move towards the darker months a reduction in tariff rate across the board is welcome...

EcoScruples

East of England prices

Import
Flux 18.43
Peak 43.00
Day rate 30.72

Export
Flux 7.43
Peak 32.00
Day rate 19.72

Standing charge 42.01

So standing charge no change, everything else dropping by between 2p to 3p
Interestingly flux import dropping the least

Oscarmax

Just carried out an estimated excel spread sheet calculation including VAT and Standing Charges. ( I have not allowed for the peak export rate drop from 34.95 to 30.45 a decrease of 4.50 pence)

12m Loyalty £346.02
Existing Flux £31.97
New Flux £83.88.
In theory I am going to be £51.91 worst off

Raxiel

Understandable but still disappointing. I thought maybe the lower import would at least make it more attractive during the winter months with less generation, but after putting the July figures into my October-22 to April 23 spreadsheet, its worse.

Not by a lot, but still worse. December would have been £1 more expensive on these flux rates compared to the current ones (£3.25/£4.25 worse than the matching SVT+15p)

This is without taking advantage of the 2am-5am period so it's still not clear cut if its worth switching away for those few months.