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Octopus Agile

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  • Chrysalis
    Chrysalis Posts: 4,701 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    You can check the reading at the date of your previous bill by going to “meter reading history” in the app - it sits just below the gas details for me on my iPad. 

    We have full flasks which will mean no kettle needed for coffee for MrEH later, and just a short reboil on water for tea. WM and DW ran overnight on the most reasonably priced slots. Of course today would be a WFH day for MrEH - typical! Regardless of the electric prices though that still represents a good saving over his travel into London and back, so we’re still up overall. 

    I think I’m going to make today all about the little jobs around the house which will be constructive but use little electric…and avoid opening the fridge or freezer more than needed! 😆

    Another one of those UI inconsistencies between app and website.  :)
  • wrf12345
    wrf12345 Posts: 867 Forumite
    Sixth Anniversary 500 Posts
    The Chinese are dropping EV prices (actually passing on huge falls in battery prices) so more people will switch if cheaper entry level cars are available which will ramp up demand further (though some countries are allowing cars to export their power to the grid during peak times) so not looking brilliant for the future especially as the government has annoyed Mr Musk whose power division is doing huge business in some countries with battery farms for solar/wind storage, which seems one way forward, though as with solar pv farms easily bombed if the Russians turn nasty. Meanwhile, the news is full of stories of natural gas storage being at a very low level, which is usually an excuse for the putting up the cost to consumers.
  • QrizB
    QrizB Posts: 18,107 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    The Chinese are dropping EV prices (actually passing on huge falls in battery prices) so more people will switch if cheaper entry level cars are available which will ramp up demand further (though some countries are allowing cars to export their power to the grid during peak times)
    Cheaper batteries, cheaper EVs, cheaper battery storage. It's one of those self-solving problems.
    the government has annoyed Mr Musk whose power division is doing huge business in some countries with battery farms for solar/wind storage
    Other suppliers of EVs and utility-scale batteries are available.
    Meanwhile, the news is full of stories of natural gas storage being at a very low level, which is usually an excuse for the putting up the cost to consumers.
    Ofgem's cap for Jan-Mar has been set. I'll be very surprised if this cold snap lasts until April; the Met Office are currently saying:

    Outlook for Sunday to Tuesday:

    Turning less cold into the new week. Mostly dry and settled in the south, although rather cloudy. Windier in the northwest with some rain at times. Still some chilly nights.

    Updated: 04:00 (UTC) on Fri 10 Jan 2025

    So, warmer (less gas needed for heating) and windier (less need to burn gas for electricity).
    Wisdom for the ages:
    https://en.wikipedia.org/wiki/This_too_shall_pass
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • teaselMay
    teaselMay Posts: 665 Forumite
    500 Posts First Anniversary Name Dropper
    Need to find another finger in the wind prediction site, I usually do literally look at the weather forecast but I've made the mistake of looking at https://prices.fly.dev/D/ the last few weeks. Won't be going back there, I know it's just someone's coding project but it's pessimistically misleading, and the algorithm hides how poor its predictions were when you ask it to overlay the forecast on the actual figure.

    On the positive tomorrow is looking almost normal prices. And Octopus Compare tells me I've saved £28 this month compared to the December fix, on a £35 bill I can't complain at that.
  • northernstar007
    northernstar007 Posts: 1,026 Forumite
    500 Posts Fourth Anniversary Name Dropper
    edited 10 January at 5:57PM
    what  i dont get is looking at nationalgrid live the price of MWh is £127.99 and we are hitting the 100p cap but on wed it was £1352 when i seen it and was again on the 100p cap
    so how come we are getting hit with such high prices today
    and looking on the same page its not went above £142 all day 
  • northernstar007
    northernstar007 Posts: 1,026 Forumite
    500 Posts Fourth Anniversary Name Dropper
    and ive give in couldnt hack  it, lights on downstairs 1 room 6 led's plus combi on, live usage 107w and might need to put a lttle bit in the laptop to cover till price drops later
  • Newbie_John
    Newbie_John Posts: 1,215 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Estimations could sometimes be totally off (up or down), sometimes shifted in time - wait 1h and see :).
    Simply something happened between when they were created (yesterday) and now.

    Most of the time they are alright.
  • teaselMay
    teaselMay Posts: 665 Forumite
    500 Posts First Anniversary Name Dropper
    Where is the wholesale price that the agile formula uses published?
  • Chrysalis
    Chrysalis Posts: 4,701 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 10 January at 6:25PM
    QrizB said:
    The Chinese are dropping EV prices (actually passing on huge falls in battery prices) so more people will switch if cheaper entry level cars are available which will ramp up demand further (though some countries are allowing cars to export their power to the grid during peak times)
    Cheaper batteries, cheaper EVs, cheaper battery storage. It's one of those self-solving problems.
    the government has annoyed Mr Musk whose power division is doing huge business in some countries with battery farms for solar/wind storage
    Other suppliers of EVs and utility-scale batteries are available.
    Meanwhile, the news is full of stories of natural gas storage being at a very low level, which is usually an excuse for the putting up the cost to consumers.
    Ofgem's cap for Jan-Mar has been set. I'll be very surprised if this cold snap lasts until April; the Met Office are currently saying:

    Outlook for Sunday to Tuesday:

    Turning less cold into the new week. Mostly dry and settled in the south, although rather cloudy. Windier in the northwest with some rain at times. Still some chilly nights.

    Updated: 04:00 (UTC) on Fri 10 Jan 2025

    So, warmer (less gas needed for heating) and windier (less need to burn gas for electricity).
    Wisdom for the ages:
    https://en.wikipedia.org/wiki/This_too_shall_pass

    My guess is another 1-2 weeks, we annoying get so many high blockers lately so get these sort of weather patterns, these blockers are also responsible for killing wind, they usually last 2-4 weeks, but of course occasionally can be more extreme.
  • masonic
    masonic Posts: 27,169 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 10 January at 9:39PM
    what  i dont get is looking at nationalgrid live the price of MWh is £127.99 and we are hitting the 100p cap but on wed it was £1352 when i seen it and was again on the 100p cap
    so how come we are getting hit with such high prices today
    and looking on the same page its not went above £142 all day 
    N2EX has it at £600/MWh for delivery between 5-6pm. That would bring it above the cap. Wed was £345/MWh, which was actually a little below the cap. Suggests a lot of volatility, so different prices for the same delivery time on different auctions. Not a surprise that predictions (which may be based on price trends at different venues) were wildly out.
    teaselMay said:
    Where is the wholesale price that the agile formula uses published?
    Here: https://octopus.energy/blog/agile-pricing-explained/
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