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Octopus Agile
Comments
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Do you think the negative prices will be 3.5p bigger (smaller?) too on Agile? You know what I mean…
Barnsley, South Yorkshire
Solar PV 5.25kWp SW facing (14 x 375) installed Mar 22
Lux 3.6kw hybrid inverter and 9.6kw Pylontech batteries
Daikin 8kW ASHP installed Jan 25
Octopus Cosy/Fixed Outgoing1 -
I would expect so
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Nice to see rates back to normal tomorrow
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A nice dive at the end of the day. Could there be some negative overnight prices to follow?
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Why should I be seeing Agile price drops in a situation of fuel shortages (threats of)? Agile needs to take evening class refreshers in basic economics
Telegraph Sam
There are also unknown unknowns - the one's we don't know we don't know0 -
Because it is tied to the wholesale price, which is low when there is a lot of renewables in the system. The price we pay ensures the supplier gets a profitable margin, so everybody wins (well the supplier loses when the wholesale price exceeds the £1/kWh retail cap but I'm sure they cover for those occasions from the normal pricing).
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It's because of the way electricity markets work in the UK. The wholesale price is set by the most expensive supplier of energy, normally gas.
If demand can be met from non-fossil fuel sources such as renewables and nuclear, then gas fired power stations are not required and are therefore irrelevant - it does not matter how much gas costs in those 30min periods. This explains why you may currently see very high peaks during the 30min periods where gas-fired power stations are required to meet demand and very low prices where they are not, all within the same day.
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"The New Economics". If oil & gas come back on stream expect the Agile price to rise 😫
Telegraph Sam
There are also unknown unknowns - the one's we don't know we don't know0 -
Hopefully predict is on the right track with overnight/tomorrow morning prices…!
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00 at 31/12/25 = £ 91,100.00
Balance as at 31/08/26 = £ 84,500.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
2hrs worth of negative prices, plus plenty of cheap, this is why agile is worth sticking with.
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