Octopus - Octoplus Rewards (points/money off/free electricity)

QrizB

SuzeQStan said:

Ye I’ve already got the battery - but I’m not sure  that would work for me.
Battery gets recharged every night on 🐙Go and it’s usually pretty empty once the next cheap charging sesh rolls round. 
Unless you are saying to set the battery to only export during the savings session and just use energy at the higher rate as you would get more money for what you export anyway?

You could leave your battery charging on go, but (when there's a DFS* event) also recharge your battery immediately before the event, then force a discharge during the event.

This also assumes you've got metered export on one of Octopus's Outgoing tariffs. It wont work if you've got deemed export dut to not having switched over a legacy FIT.

DFS - aren't they a carpet company?

SuzeQStan

LOL @QrizB - I found this article explaining how to coin it in during savings sessions. Just not sure if wear and tear on battery is worth it.  This sucker has to last another 9 years for my ROI. https://www.thisismoney.co.uk/money/bills/article-12805511/Demand-Flexibility-Service-returns-shave-15-energy-bill-tonight.html

M25

liviboy said:

free electricity

No such thing what they mean is they'll not charge you but someone else will pay it for you.

Double speak has always been in banking and it's now rife in the energy sector.

QrizB

M25 said:

liviboy said:

free electricity

No such thing what they mean is they'll not charge you but someone else will pay it for you.

No, there really is such a thing as free electricity. There's even electricity where they pay you to use it.

You should read the Octopus Agile threads.

M25 said:

Double speak has always been in banking and it's now rife in the energy sector.

People posting confidently on topics they don't understand, however, had been around since the bulletin board days.

MattMattMattUK

QrizB said:

M25 said:

liviboy said:

free electricity

No such thing what they mean is they'll not charge you but someone else will pay it for you.

No, there really is such a thing as free electricity. There's even electricity where they pay you to use it.

You should read the Octopus Agile threads.

M25 said:

Double speak has always been in banking and it's now rife in the energy sector.

People posting confidently on topics they don't understand, however, had been around since the bulletin board days.

Unfortunately it has been around since language evolved, it is often amplified by Dunning-Kruger, especially online. 

TheBanker

QrizB said:

M25 said:

liviboy said:

free electricity

No such thing what they mean is they'll not charge you but someone else will pay it for you.

No, there really is such a thing as free electricity. There's even electricity where they pay you to use it.

You should read the Octopus Agile threads.

M25 said:

Double speak has always been in banking and it's now rife in the energy sector.

People posting confidently on topics they don't understand, however, had been around since the bulletin board days.

I think free electricity is a bit like the NHS. It's free at the point you use it, but ultimately we all pay for it somehow. 

Netexporter

TheBanker said:

QrizB said:

M25 said:

liviboy said:

free electricity

No such thing what they mean is they'll not charge you but someone else will pay it for you.

No, there really is such a thing as free electricity. There's even electricity where they pay you to use it.

You should read the Octopus Agile threads.

M25 said:

Double speak has always been in banking and it's now rife in the energy sector.

People posting confidently on topics they don't understand, however, had been around since the bulletin board days.

I think free electricity is a bit like the NHS. It's free at the point you use it, but ultimately we all pay for it somehow. 

If there is excess production it is more cost effective to give away (or pay people, on Agile, to use) the surplus than it is to pay the contractual compensation if generators are required to constrain their output. You can't turn all the gas generation off because the spinning plant is essential for frequency regulation. 

MultiFuelBurner

TheBanker said:

QrizB said:

M25 said:

liviboy said:

free electricity

No such thing what they mean is they'll not charge you but someone else will pay it for you.

No, there really is such a thing as free electricity. There's even electricity where they pay you to use it.

You should read the Octopus Agile threads.

M25 said:

Double speak has always been in banking and it's now rife in the energy sector.

People posting confidently on topics they don't understand, however, had been around since the bulletin board days.

I think free electricity is a bit like the NHS. It's free at the point you use it, but ultimately we all pay for it somehow. 

No in this instance the free electricity is either given away free or we actually all have to pay to give it away 👍

I do hope this has been a knowledge learning exercise and you pass on your new found knowledge to others rather than incorrect information.

94JDH

SuzeQStan said:

LOL @QrizB - I found this article explaining how to coin it in during savings sessions. Just not sure if wear and tear on battery is worth it.  This sucker has to last another 9 years for my ROI. https://www.thisismoney.co.uk/money/bills/article-12805511/Demand-Flexibility-Service-returns-shave-15-energy-bill-tonight.html

I wouldn't worry about wear and tear for these events, there is only around 12 trial ones planned plus any live ones (as in the last one) - insignificant in the scale of the battery cycle life.
That article made me laugh about the top 5% earning around £40 last year, quite a few (of us) made considerably more than that (£400-£500) so I wonder where that placed us!

SuzeQStan

94JDH said:

I wouldn't worry about wear and tear for these events, there is only around 12 trial ones planned plus any live ones (as in the last one) - insignificant in the scale of the battery cycle life.
That article made me laugh about the top 5% earning around £40 last year, quite a few (of us) made considerably more than that (£400-£500) so I wonder where that placed us!

Ye I remember jealously watching from the Sh@ll energy cheap seats last year prior to getting SA & moving to 🐙

I remember one poster mentioning £130
in single session which was achieved by 2 x ASHP, EVs, jacuzzi & jumbo jet all on full tilt before the saving sesh. 

The comments on the article are what got me - much better than the article itself.