Octopus saving sessions

debitcardmayhem

All bids rejected !

QrizB

victor2 said:

A genuine question for those with batteries (which I don't have)...

What is the likely increased cost in "wear and tear" for using your batteries to help meet grid demand? Will the reward more than compensate for that, or is it not a financial incentive, given the batteries are not exactly cheap to replace?

The current price of a battery is around £200 per kWh of capacity. A LFP battery should be good for at least 5000 cycles, so each kWh cycled will cost (£200/5000) = 4p.

(Note: Fogstar are selling batteries for £100/kWh and a claimed life of 8000 cycles. That reduces the cost to 1.25p.)

born_again

mmmmikey said:

masonic said:

northernstar007 said:

debitcardmayhem said:

just been looking on agile thread, maybe a saving session tomorrow 

theres nothing to save the avg usage is droping by the day at these prices, nowt left to give

Those on other tariffs (Flexible, Go, Cosy, a fix) will still be in the game.

.....as will anyone with a battery. Can't help thinking this scheme is on it's last legs, though. For it to be financially sustainable it needs to run at commercial rates, and those rates just aren't high enough to make it worth the effort for many folks. So IMHO the scheme needs to be re-positioned and re-marketed as "the right thing to do for the environment" rather than "a way to reduce your bills". Or maybe recognised as specialist and more targeted to battery owners and/or built in to selected tariffs?

Worth it for me as a battery owner. By tweaking a few settings (which takes seconds rather than minutes and can be done from a smart phone) the inconvenience is minimal and everyone's a winner. I help reduce the net load on the grid, which is what the scheme is designed to do, and in return save a couple of quid off my energy bill. But those of us with batteries are in a minority, and I suspect even where people do own batteries they're only using them to save solar energy for later use and not using the batteries to their full potential.

Poised and ready to participate again later today if it happens.....

I think battery owners are the only ones that it is now worth the effort. I can only make a few pence & that is in main due to higher usage due to EV's.

Slinky

debitcardmayhem said:

All bids rejected !

Can you see what rates they were bidding at?

Lorian

Looks like all bids rejected 

debitcardmayhem

Slinky said:

debitcardmayhem said:

All bids rejected !

Can you see what rates they were bidding at?

https://www.neso.energy/data-portal/demand-flexibility

born_again

Wow..

A big thank you for joining our Saving Session on 8th January. In total, 470,566 of you took part — what a way to kickstart 2025!   Here's a quick look at the difference your efforts made:

You reduced power by 0.123 kWh compared to normal, earning you 72 octopoints. (That's £0.09)

Seems that this new round of saving sessions is not a hit like previous ones.
Now how to spend the windfall.🤣

pete-20-11

born_again said:

Wow..

A big thank you for joining our Saving Session on 8th January. In total, 470,566 of you took part — what a way to kickstart 2025!   Here's a quick look at the difference your efforts made:

You reduced power by 0.123 kWh compared to normal, earning you 72 octopoints. (That's £0.09)

Seems that this new round of saving sessions is not a hit like previous ones.
Now how to spend the windfall.🤣

A few more sessions and you'll be able to buy a Cadbury Freddo. 😁

Spoonie_Turtle

"You reduced power by 0.299 kWh compared to normal, earning you 176 octopoints. (That's £0.22)"

Considering I forgot about it until partway through and was unable to get to a controller to turn the heating off anyway (heat pump), surprised and very pleased we earned anything!

Spies

You reduced power by 2.151 kWh compared to normal, earning you 1240 octopoints. (That's £1.55)