Octopus saving sessions

bristolleedsfan

mmmmikey said:

bristolleedsfan said:

MultiFuelBurner said:

I don't know if Octopus are pocketing the 75p from each kWh saved or putting it back in for the good of everyone. But historically I suggest they appear to be an above board supplier. 

Octo Chief reply makes me think they are happy for gullible to become more gullible, no mention bonus points coming from cut they are taking which some other providers most notably energy suppliers often referred to as dinosaurs are not taking.

https://twitter.com/EcoNorfolk/status/1738225565893890321

Surely the gullible ones are the customers paying the big suppliers more day in day out who think they are getting a good deal because the savings scheme they are part of is more generous? In many cases they'll quite literally be spending hundreds of pounds to make pennies, but each to their own :-)

And surely all Octopus are doing is what every responsible and sustainable business does - taking a cut to offset their costs? And doing this transparently rather than hiding the costs elsewhere? 

 As I mentioned 29 December at 5:48PM "no need to change energy supplier I think Hugo App are paying £3 per kWh for test sessions"

Next voice on thread just over an hour later appeared to recognise name of the game on MSE is for consumers to be paid highest rates whilst paying lowest rates themselves, if some choose not to or in my case I am not able to do apps that is up to them, nothing wrong with spreading word about higher paying incentive offers.

 

SuzeQStan

mmmmikey said:

Surely the gullible ones are the customers paying the big suppliers more day in day out who think they are getting a good deal because the savings scheme they are part of is more generous? In many cases they'll quite literally be spending hundreds of pounds to make pennies, but each to their own :-)

And surely all Octopus are doing is what every responsible and sustainable business does - taking a cut to offset their costs? And doing this transparently rather than hiding the costs elsewhere? 

With standard tariffs on the cap, and from what I’ve seen pretty similar (& some more advantageous rates/times) tariffs to my current 🐙 tariffs, how would many be spending hundreds of pounds more if they went with one of these tariffs from the big suppliers?

also in relation to responsible and sustainable business practices - if 🐙 are counting on taking a cut from DFS SS then surely there is an issue with their business model.  They do seem to go on a fair bit about how they have never made a profit etc etc - just have never heard of a business operating out of goodness of heart.

I’ve flitted about over the years and changed supplier, been moved a couple times when firms gone bust, tried to take advantage of best deals, was with MSE energy club prior to the 🍑 falling out the market.  And I’ve never really found any of these energy companies to be all that different really. 

Archerychick

I’m loving these saving sessions! I have a hybrid which I usually charge from 5pm (costs me about £2 to charge costing me £16 in November and the same in December), so by shifting this to outside the saving session time as well as moving dinner cooking time allows me to save quite a lot! I don’t have any other major energy usage.

November I used 199kwh and the same in December.

November I saved £13.68 in the saving sessions (two of them) and December was a bumper £28.86 (six sessions). Which looking at just unit rate charges is a saving of 26% in Nov and 63% in December 😱. 

pete-20-11

I’m not sure what octopus do with the rest of the £3 DFS payment, but I imagine there’s some admin costs to run saving sessions

yes a lot of it is probably automated, but it will have an impact on customer service for example (lots of people asking where their points are or why they can’t sign up)

if they are using some of the 75p for admin costs that seems fair - the alternative is to increase everyone’s bills slightly to cover those admin costs, rather than just keep it to those taking part.

plus using it for spot prizes etc seems like a good idea - might keep some people interested in the scheme, especially those with smaller gains. Even those people saving pennies are useful as add up loads of customers like that and it makes a difference to the grid. 

born_again

SuzeQStan said:

TheElectricCow said:

The next round of tests are slightly different in that if high enough participation levels are expected NGESO will be operating the tests with “competitive” pricing rather than the standard £3/kWh the tests have paid out up to this point (translates to £2.25/kWh for Octopus customers).

They didnt exactly pay a fortune the last lot of sessions - I can see interest in participation waning if rewards decreased further - at least for myself anyway 😊

Something is better than noting.

Nothing against the folks playing the system with exporting battery power. But expect a change to see actual usage cut being the play in the future.

masonic

born_again said:

Nothing against the folks playing the system with exporting battery power. But expect a change to see actual usage cut being the play in the future.

I would not consider them lending their battery power to the grid 'playing the system'. This would be in the spirit of balancing the grid and averting extra generation from high carbon sources. Playing the system would be unnecessarily increasing baseline usage by using more at peak times on other days.

SuzeQStan

born_again said:

SuzeQStan said:

They didnt exactly pay a fortune the last lot of sessions - I can see interest in participation waning if rewards decreased further - at least for myself anyway 😊

Something is better than noting.

Nothing against the folks playing the system with exporting battery power. But expect a change to see actual usage cut being the play in the future.

Absolutely something is better than nothing! 😊

don’t really see how exporting a battery is playing the system though? Surely that accolade is reserved for folk who artifically inflate their usage in run up to a session. 

If my battery can help the grid in overtaxed times then that’s a bonus as long as there is some benefit to me for potentially reducing the lifetime of my battery and for my time/effort.

Personally my reason for being on MSE, having solar panels & battery is to ultimately hopefully save money and allow slightly more comfortable not too far off retirement.  We have gone from the bad old days of using 4000+ kWh leccy & 21000 gas to our current average usage of less than 2000 kWh leccy and 8000 gas.

But I’m not gonna to virtue signal and say I’m doing it for selfless reasons.  

powerful_Rogue

born_again said:

SuzeQStan said:

TheElectricCow said:

The next round of tests are slightly different in that if high enough participation levels are expected NGESO will be operating the tests with “competitive” pricing rather than the standard £3/kWh the tests have paid out up to this point (translates to £2.25/kWh for Octopus customers).

They didnt exactly pay a fortune the last lot of sessions - I can see interest in participation waning if rewards decreased further - at least for myself anyway 😊

Something is better than noting.

Nothing against the folks playing the system with exporting battery power. But expect a change to see actual usage cut being the play in the future.

Exporting during Saving Sessions isn't 'playing the system'. Octopus encourage it to help balance the grid during high demand.

Spoonie_Turtle

SuzeQStan said:

mmmmikey said:

Surely the gullible ones are the customers paying the big suppliers more day in day out who think they are getting a good deal because the savings scheme they are part of is more generous? In many cases they'll quite literally be spending hundreds of pounds to make pennies, but each to their own :-)

And surely all Octopus are doing is what every responsible and sustainable business does - taking a cut to offset their costs? And doing this transparently rather than hiding the costs elsewhere? 

With standard tariffs on the cap, and from what I’ve seen pretty similar (& some more advantageous rates/times) tariffs to my current 🐙 tariffs, how would many be spending hundreds of pounds more if they went with one of these tariffs from the big suppliers?

There's a lot of overlap on here between people participating in the sessions and people on Agile and Tracker.  I'm not sure if any of the other suppliers offer anything like Flux either?

For instance, we have saved well over £1,000 this year vs the SVT from being on Tracker (full number crunching yet to be done).  I don't know of any other supplier providing such a good value smart tariff for which we would have been eligible - no EV, no solar or battery, and being all-electric with a heat pump most of our usage is in the daytime, especially in winter so unable to take advantage of something like Economy 7.

SuzeQStan

I’ve never really gotten my head around tracker, agile or flux -  but from what little I do know they do sound good especially if you are able to be flexible with your energy requirements.  Are they as good in winter when demand is high?