Noddy/stupid question about octopus agile

Apologies if this is a stupid question, but from what I can see the “peak” price for agile currently is the same as the all day price on flexible, while the SC is a bit lower. 

Is it a not a “no brainier” because there is a risk of it going above that as prices fluctuate?

Comments

  • EcoScruples
    EcoScruples Posts: 389 Forumite
    First Anniversary Name Dropper First Post Photogenic
    Not a stupid question at all, it does say on their website it is capped at £1 a KW for my area but it must be capped at the current government guarantee?

    4.3kwp JA panels, Huawei 3.68kw Hybrid inverter, Huawei 10kw Lunar 2000 battery, Myenergi eddi, South facing array with a 15 degree roof pitch, winter shade.
  • Magnitio
    Magnitio Posts: 912 Forumite
    First Anniversary First Post Name Dropper
    6.4kWp (16 * 400Wp REC Alpha) facing ESE + 5kW Huawei inverter + 10kWh Huawei battery. Buckinghamshire.
  • Screwdriva
    Screwdriva Posts: 1,162 Forumite
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    edited 19 April 2023 at 9:31AM
    As I understand it, chances of Agile exceeding the price cap of .34p these days are next to zero (when current gas prices and the EPG discounts are factored in).

    For us, we've averaged  below .25p per kWh for the past couple months. Even late last year, during the peak, we averaged ~10% below the price cap. 

    Now we import via Agile, buy gas vs. Tracker and export PV at 0.15p per kWh. This combination is highly lucrative and removes the need for a battery. 
    -  10 x 400w LG + 6 x 550W SHARP BiFacial Panels + SE 3680 HD Wave Inverter + SE Optimizers. SE London.
    -  Triple aspect. (22% ENE/ 33% SSE/ 45% WSW)
    -  Viessmann 200-W on Advanced Weather Comp. (the most efficient gas boiler sold)

    Feel free to DM me if I can help with any energy saving!
  • Jonboy1889
    Jonboy1889 Posts: 153 Forumite
    First Post Name Dropper First Anniversary Combo Breaker
    Thanks guys- I just struggle to see the downside and why you would choose the flexible option when it’s the same price at peak time, but a lot more expensive at other times! But I guess things will change when the price cap comes to an end.

    i always thought companies could go over the cap as long as it was a different sort of prop which saved you in other ways
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