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Netexporter

Agile. My average price cost per kWh is about 16p. the SVT rate is double that. I also charge an EV, so if you count the saving between 3p/mile for electricity and 15p/mile for petrol/diesel, then I've saved considerably more.

zagfles

Netexporter said:

Agile. My average price cost per kWh is about 16p. the SVT rate is double that. I also charge an EV, so if you count the saving between 3p/mile for electricity and 15p/mile for petrol/diesel, then I've saved considerably more.

This one I presume? https://octopus.energy/smart/agile/

https://octopus.energy/blog/wholesale-price-watch/

It states here in the latest blog update:

"At present, Agile prices are at the 35p / kWh cap most of the time – roughly 1p / kWh more expensive that the current Energy Price Guarantee rates."

But I guess you're getting the far lower average rate because you're charging an EV which will use a massive amount and that usage can easily be timed to get the cheapest rates. I've only used about 1200 kWh over the last 6 months and very little of that usage could have been timed to get the cheaper rates, so I think I'd have lost with Agile.

But yes it looks a good tariff for those with EVs.

But personally I'm definitely glad I've not got a smart meter and the EON bribe has increased from a coffee to £100 

Maybe it'll go up to £200 if I wait!

Netexporter

But I guess you're getting the far lower average rate because you're charging an EV

My mileage is fairly low. Even if I did the national average mileage of 8000, that would be less than 2000kWh per year.

If possible I charge the car (and do any other high use things) when the price goes negative (usually weekend) so I get paid to fill the car. So, yes, that does pull the average unit price down.

In my last billing period there wasn't any plunge pricing, and I still averaged 20p/kWh. The standing charge is lower than the SVT, too.

zagfles

Netexporter said:

But I guess you're getting the far lower average rate because you're charging an EV

My mileage is fairly low. Even if I did the national average mileage of 8000, that would be less than 2000kWh per year.

If possible I charge the car (and do any other high use things) when the price goes negative (usually weekend) so I get paid to fill the car. So, yes, that does pull the average unit price down.

In my last billing period there wasn't any plunge pricing, and I still averaged 20p/kWh. The standing charge is lower than the SVT, too.

2000 kWh is about my total usage on everything for 9 months! A TOU tariff is obviously a great tariff for you, but it'd be useless for me. I'd end up paying what they say is the average cost, maybe more because I probably use more electric at peak times.

Spoonie_Turtle

In the past three months alone since having our smart meter installed we've saved nearly £250 being on a smart tariff (Tracker, not Agile, we can't avoid the peak), compared with the standard variable.  Our average rate has been hanging around 16-17p/kWh according to our bill.
Before that we were legacy customers on the previous Tracker tariff (before Octopus required a smart meter to go onto it, although a condition was allowing one to be installed if they decided to require it) and our saving the first 6 months of the year was £682.

We don't have an EV, we're just a depressingly high usage all-electric household.

[Deleted User]

Forget about EVs; PV solar or batteries, the facts speak for themselves. Compare these prices to the Ofgem Cap:

Smart meter tariffs can save consumers money. I have been on time-of-use tariffs for 4 1/2 years. It has taken some time for the masses to understand how these tariffs work. This is not helped when journalists concentrate on peak pricing rather than what is possible with some simple load shifting.

QrizB

zagfles said:

Netexporter said:

Agile. My average price cost per kWh is about 16p. the SVT rate is double that. I also charge an EV, so if you count the saving between 3p/mile for electricity and 15p/mile for petrol/diesel, then I've saved considerably more.

This one I presume? https://octopus.energy/smart/agile/

https://octopus.energy/blog/wholesale-price-watch/

It states here in the latest blog update:

"At present, Agile prices are at the 35p / kWh cap most of the time – roughly 1p / kWh more expensive that the current Energy Price Guarantee rates."

That blog entry was in January 2023.

There's a year-long graph of Agile's highs and lows as at:
https://energy-stats.uk/octopus-agile-southern-england/ (the site has a dedicated page for each region).

Netexporter

zagfles said:

Netexporter said:

But I guess you're getting the far lower average rate because you're charging an EV

My mileage is fairly low. Even if I did the national average mileage of 8000, that would be less than 2000kWh per year.

If possible I charge the car (and do any other high use things) when the price goes negative (usually weekend) so I get paid to fill the car. So, yes, that does pull the average unit price down.

In my last billing period there wasn't any plunge pricing, and I still averaged 20p/kWh. The standing charge is lower than the SVT, too.

2000 kWh is about my total usage on everything for 9 months! A TOU tariff is obviously a great tariff for you, but it'd be useless for me. I'd end up paying what they say is the average cost, maybe more because I probably use more electric at peak times.

But as I said, I don't do anything like 8000 miles. Less than half, most years.

The EV is not relevant. Agile is still likely to be considerably cheaper if you keep your consumption out of the peak times. Alternatively, if you installed a battery, you could load-shift the cheapest rates to any time of the day that suits you.

Spoonie_Turtle

Netexporter said:

zagfles said:

Netexporter said:

But I guess you're getting the far lower average rate because you're charging an EV

My mileage is fairly low. Even if I did the national average mileage of 8000, that would be less than 2000kWh per year.

If possible I charge the car (and do any other high use things) when the price goes negative (usually weekend) so I get paid to fill the car. So, yes, that does pull the average unit price down.

In my last billing period there wasn't any plunge pricing, and I still averaged 20p/kWh. The standing charge is lower than the SVT, too.

2000 kWh is about my total usage on everything for 9 months! A TOU tariff is obviously a great tariff for you, but it'd be useless for me. I'd end up paying what they say is the average cost, maybe more because I probably use more electric at peak times.

But as I said, I don't do anything like 8000 miles. Less than half, most years.

The EV is not relevant. Agile is still likely to be considerably cheaper if you keep your consumption out of the peak times. Alternatively, if you installed a battery, you could load-shift the cheapest rates to any time of the day that suits you.

Or if Agile doesn't suit, Tracker will still save you money at current prices (per my post above).

zagfles

Spoonie_Turtle said:

In the past three months alone since having our smart meter installed we've saved nearly £250 being on a smart tariff (Tracker, not Agile, we can't avoid the peak), compared with the standard variable.  Our average rate has been hanging around 16-17p/kWh according to our bill.
Before that we were legacy customers on the previous Tracker tariff (before Octopus required a smart meter to go onto it, although a condition was allowing one to be installed if they decided to require it) and our saving the first 6 months of the year was £682.

We don't have an EV, we're just a depressingly high usage all-electric household.

Do you have storage heaters or suchlike which you can time usage of?

I use far more gas than electric, how do these TOU tariffs work for gas?