Octopus Agile

la531983

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

https://www.nordpoolgroup.com/en/Market-data1/#/n2ex/table

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Spies

la531983 said:

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

https://www.nordpoolgroup.com/en/Market-data1/#/n2ex/table

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Wholesale is about 24p/kwh then? How is it that agile ends up at 63p???

powergen_insider

Spies said:

la531983 said:

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Wholesale is about 24p/kwh then? How is it that agile ends up at 63p???

Because there's more to the bill than wholesale price?

mmmmikey

Spies said:

la531983 said:

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

https://www.nordpoolgroup.com/en/Market-data1/#/n2ex/table

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Wholesale is about 24p/kwh then? How is it that agile ends up at 63p???

Formulas are here:

https://www.guylipman.com/octopus/formulas.html

Quite an old page but I believe it is still valid. The price you pay is a multiplier of the wholesale price plus and additonal amout during the peak. The reasoning behind the addiotnal amount is detailed on the Octopus website.

mmmmikey

It's looking like being an interesting week to put it mildly. As well as the normal in day variation we're shaping up for wild swings from day to day. The emoncs wind/solar energy forecast suggests we may go from eye watering highs tomorrow to plunge pricing later in the week.  I have enough hot water to all but last a couple of days and hopefully prices will then ease off. 

But who knows what will happen to influence prices next? Maybe Bill Gates will use the smart meter network to activate the tracking devices we were injected with as part of the "fake" pandemic vaccine roll out and we'll all be forced to stay at home with the heating on to protect ourselves from flesh eating zombies, sending demand for gas through the roof?

noitsnotme

I’m currently on Octopus Tracker and have previously used Intelligent Octopus.  I’ve not looked in to Aglie before.

How long on average are the low/negative price windows of opportunity with Agile?  Are they generally just 30 mins or an hour at a time or do they last for several consecutive hours on a regular basis.

When my house battery is fitted in a few weeks I was planning to go back to Intelligent Octopus and charge the battery in the off peak 7.5p window.  Does Agile present opportunities to charge a 13.5kWh battery (full charge should take around 3 hours) at cheaper average prices than the IO off peak window?  I would also be looking to top-up charge the EV at the same time if it is at home.

Spies

powergen_insider said:

Spies said:

la531983 said:

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Wholesale is about 24p/kwh then? How is it that agile ends up at 63p???

Because there's more to the bill than wholesale price?

I get that, but charging 40p on top seems a little excessive.

Agile last year was infinitely better because the cap was the same as the SVR 

MultiFuelBurner

Spies said:

powergen_insider said:

Spies said:

la531983 said:

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Wholesale is about 24p/kwh then? How is it that agile ends up at 63p???

Because there's more to the bill than wholesale price?

I get that, but charging 40p on top seems a little excessive.

Agile last year was infinitely better because the cap was the same as the SVR 

If you cannot make full use of scheduling all electricity in the cheapest periods offered by Agile daily then it's not the tariff for you. Tracker could be a better match.

Netexporter

Spies said:

powergen_insider said:

Spies said:

la531983 said:

Aye the hourly morning auction looks scary between 5 and 8 tomorrow, especially the 6 to 7 hour. 

Not that these prices are used for Agile but it's not going to be much different in this afternoon's auction. 

Wholesale is about 24p/kwh then? How is it that agile ends up at 63p???

Because there's more to the bill than wholesale price?

I get that, but charging 40p on top seems a little excessive.

Agile last year was infinitely better because the cap was the same as the SVR 

The idea is to discourage peak time use. I don't find that a hardship, but it isn't the tariff for people who aren't willing to be adaptable.

Netexporter

How long on average are the low/negative price windows of opportunity with Agile?  Are they generally just 30 mins or an hour at a time or do they last for several consecutive hours on a regular basis.

In the summer they were mostly from lunchtime to 4pm, from solar. The other likely longer spells are at night when it is windy. Weekends are favoured because overall demand is lower. All part of life's rich tapestry (if you're into that sort of thing).

A weekend, sunny in the south and windy in the north, is bonanza time.