edf deals

vienna28

Archerychick said:

I am not in disagreement with you, I thought you were comparing this to Octopus Agile - in comparison to that tariff the EDF deal is going to be more expensive. 

I’m on agile myself and I don’t spend all day thinking about tariffs, but I have load shifted all my big appliances outside the 4-7pm window. I still cook and function otherwise normally.

Archerychick, i've just had a look at the historic agile prices and looked at the prices between 0.30am - 07.30am (so economy 7 times for storage heaters and hot water) and on 23 days in January 2024 the average price during those hours was above 11.15p.  In Feb 2024 on 9 days so far this month the average price during those hours has been above 11.15p. 

So on those days it would have been more expensive to run hot water and heat the home with storage heaters using agile. 

Also bear in mind i can use 20 to 30 kilowatts a day but maybe only 1 or 2 of those kilowatts will have been used between 7.30am to 12.30am.  

Classic E7 users who mostly use E7 for heating hot water and storage heaters will realise that in todays climate 11.15p is a very good night rate price.  

Plus the huge downside of agile is looking at the new rates every day and then deciding if those prices are too expensive to use storage heaters the next day. 

So i can understand why you think agile pricing is better than E7 pricing but for classic E7 users it may not be. 

Archerychick

vienna28 said:

Archerychick said:

I am not in disagreement with you, I thought you were comparing this to Octopus Agile - in comparison to that tariff the EDF deal is going to be more expensive. 

I’m on agile myself and I don’t spend all day thinking about tariffs, but I have load shifted all my big appliances outside the 4-7pm window. I still cook and function otherwise normally.

Archerychick, i've just had a look at the historic agile prices and looked at the prices between 0.30am - 07.30am (so economy 7 times for storage heaters and hot water) and on 23 days in January 2024 the average price during those hours was above 11.15p.  In Feb 2024 on 9 days so far this month the average price during those hours has been above 11.15p. 

So on those days it would have been more expensive to run hot water and heat the home with storage heaters using agile. 

Also bear in mind i can use 20 to 30 kilowatts a day but maybe only 1 or 2 of those kilowatts will have been used between 7.30am to 12.30am.  

Classic E7 users who mostly use E7 for heating hot water and storage heaters will realise that in todays climate 11.15p is a very good night rate price.  

Plus the huge downside of agile is looking at the new rates every day and then deciding if those prices are too expensive to use storage heaters the next day. 

So i can understand why you think agile is way better than E7 but for classic E7 users it may not be. 

I think it depends on what you’re running appliance/heating wise.

I can’t restrict the average pricing by time of day in Octopus compare but today and last night as an example I’m running at 10-12p across day, night except the peak of 4-7pm, so for me the EDF tariff would definitely work out more expensive because I don’t get that lower rate just over night 

vienna28

Archerychick, if i were for example on the above E7 tariff with a night rate of 11.15p all use would be so heavily weighted towards those 11.15p hours that my monthly kilowatt usage would probably average around 13p.

For example in December 2023 i was on an EDF E7 price fix with the night rate around 14.5p.  Day rate was around 35p.  My standing charge was around 50p.

That month i used 685 Kilowatts at a cost of £128.  So if we take away £15 for the standing charge that means during December 685 kilowatts cost me £113.   That works out an average of around 16.5p per kilowatt during that month. 

masonic

I think comparisons of E7 with Octopus Agile are a bit of a red herring. Go is a more similar tariff and has a lower off-peak rate - about 9p in my region. That said, I think all fixed rates are likely to fall given what's been happening to wholesale prices, so locking in with an exit penalty now may be unwise.

QrizB

masonic said:

I think comparisons of E7 with Octopus Agile are a bit of a red herring. Go is a more similar tariff and has a lower off-peak rate - about 9p in my region.

I'm a very happy Go customer, paying an average of about 11-12p/kWh for my electricity. However Go and it's more lucrative cousin Intelligent Go are both EV tariffs, so (unlike E7) not available to most customers.

masonic

QrizB said:

masonic said:

I think comparisons of E7 with Octopus Agile are a bit of a red herring. Go is a more similar tariff and has a lower off-peak rate - about 9p in my region.

I'm a very happy Go customer, paying an average of about 11-12p/kWh for my electricity. However Go and it's more lucrative cousin Intelligent Go are both EV tariffs, so (unlike E7) not available to most customers.

Given the shenanigans we have seen recently with rules not being followed, I have my doubts that is actually the case. I was offered Go recently when discussing options and do not have an EV. Octopus were very relaxed about this in the past, and tightened up on enforcing eligibility a couple of years ago, but now they've adjusted the pricing it wouldn't surprise me if they've reverted to their previous stance.