Half hourly data settlement

cugel

Hi, got an email from Eon saying they are introducing 'half hourly data settlement'. Anybody know about this change? seems to be industry wide. The only thing i care about is will this cost more for me. Thanks.

dunstonh

The only thing i care about is will this cost more for me.

As its the only thing you care about then you can put that to bed. It wont cost more for you.

cugel

Great, thanks for the information.

molerat

All it means is they are paying the grid for the energy you use at the half hourly rate rather than  daily.  Has no effect on your billing. Something the customer doesn't really need to know about. 

Peter999_2

Basically it means they will read your smart meter every 30 minutes.   it will allow them to offer tariffs based on usage of electric during the day.  it shouldn't affect you if you stay on a standard tariff, you would still only pay the same amount.

I am with Octopus on the Agile tariff.    They charge me a price based on the wholesale electric price at the time - when they read the meter they get my exact usage for those 30 minutes.

For example,  for the electric I use between 12.30pm and 1pm I will be charged 14p per kWh and then between 1pm and 1.30pm I will be charged 15p per kWh.     This means I will be saving against the current standard tariff ( I think that is about 23/24p per kWh).   Therefore I would do my washing while it is cheap etc.

However, at 4pm (peak time) more people need electric as they get home from work and my cost will be 28p per kWh and between 6.30pm to 7pm it will be 34p per kWh.

As you can see, the price is more expensive from 4pm to 7pm and then it drops again.    As I am at home, I make sure that I cook my tea at 3pm or 7pm and it saves me money.

It's like everything, a bit of work saves money.      I have an app that tells me the difference between what I would have paid on the standard tariff and the agile tariff for my exact usage.     In the last 30 days I have paid £40.96 and the standard tariff would have cost me £55 so in my eyes it is worth shifting the time that I use electric and save the £15.

Hope this helps.

debitcardmayhem

Peter999_2 said:

Basically it means they will read your smart meter every 30 minutes.   it will allow them to offer tariffs based on usage of electric during the day.  it shouldn't affect you if you stay on a standard tariff, you would still only pay the same amount.

I am with Octopus on the Agile tariff.    They charge me a price based on the wholesale electric price at the time - when they read the meter they get my exact usage for those 30 minutes.

For example,  for the electric I use between 12.30pm and 1pm I will be charged 14p per kWh and then between 1pm and 1.30pm I will be charged 15p per kWh.     This means I will be saving against the current standard tariff ( I think that is about 23/24p per kWh).   Therefore I would do my washing while it is cheap etc.

However, at 4pm (peak time) more people need electric as they get home from work and my cost will be 28p per kWh and between 6.30pm to 7pm it will be 34p per kWh.

As you can see, the price is more expensive from 4pm to 7pm and then it drops again.    As I am at home, I make sure that I cook my tea at 3pm or 7pm and it saves me money.

It's like everything, a bit of work saves money.      I have an app that tells me the difference between what I would have paid on the standard tariff and the agile tariff for my exact usage.     In the last 30 days I have paid £40.96 and the standard tariff would have cost me £55 so in my eyes it is worth shifting the time that I use electric and save the £15.

Hope this helps.

Sadly inaccurate, they don’t read you meter every 30 mins, they get historical 30 minute readings usually once a day.

Reed_Richards

Maybe I am wrong but I think you used to have the option of allowing your meter to report half-hourly data or not.  Perhaps the email means that Eon have opted you in, despite any previous choice you made?

la531983

debitcardmayhem said:

Peter999_2 said:

Basically it means they will read your smart meter every 30 minutes.   it will allow them to offer tariffs based on usage of electric during the day.  it shouldn't affect you if you stay on a standard tariff, you would still only pay the same amount.

I am with Octopus on the Agile tariff.    They charge me a price based on the wholesale electric price at the time - when they read the meter they get my exact usage for those 30 minutes.

For example,  for the electric I use between 12.30pm and 1pm I will be charged 14p per kWh and then between 1pm and 1.30pm I will be charged 15p per kWh.     This means I will be saving against the current standard tariff ( I think that is about 23/24p per kWh).   Therefore I would do my washing while it is cheap etc.

However, at 4pm (peak time) more people need electric as they get home from work and my cost will be 28p per kWh and between 6.30pm to 7pm it will be 34p per kWh.

As you can see, the price is more expensive from 4pm to 7pm and then it drops again.    As I am at home, I make sure that I cook my tea at 3pm or 7pm and it saves me money.

It's like everything, a bit of work saves money.      I have an app that tells me the difference between what I would have paid on the standard tariff and the agile tariff for my exact usage.     In the last 30 days I have paid £40.96 and the standard tariff would have cost me £55 so in my eyes it is worth shifting the time that I use electric and save the £15.

Hope this helps.

Sadly inaccurate, they don’t read you meter every 30 mins, they get historical 30 minute readings usually once a day.

Hmm. Just been onto my app (not EON) and the half hour reading from 1200 is already there. If I look again in a bit, the 1230 one will likely be there. And so on.

EDIT - 10 mins later the 1230 reading is now there.

debitcardmayhem

la531983 said:

debitcardmayhem said:

Peter999_2 said:

Basically it means they will read your smart meter every 30 minutes.   it will allow them to offer tariffs based on usage of electric during the day.  it shouldn't affect you if you stay on a standard tariff, you would still only pay the same amount.

I am with Octopus on the Agile tariff.    They charge me a price based on the wholesale electric price at the time - when they read the meter they get my exact usage for those 30 minutes.

For example,  for the electric I use between 12.30pm and 1pm I will be charged 14p per kWh and then between 1pm and 1.30pm I will be charged 15p per kWh.     This means I will be saving against the current standard tariff ( I think that is about 23/24p per kWh).   Therefore I would do my washing while it is cheap etc.

However, at 4pm (peak time) more people need electric as they get home from work and my cost will be 28p per kWh and between 6.30pm to 7pm it will be 34p per kWh.

As you can see, the price is more expensive from 4pm to 7pm and then it drops again.    As I am at home, I make sure that I cook my tea at 3pm or 7pm and it saves me money.

It's like everything, a bit of work saves money.      I have an app that tells me the difference between what I would have paid on the standard tariff and the agile tariff for my exact usage.     In the last 30 days I have paid £40.96 and the standard tariff would have cost me £55 so in my eyes it is worth shifting the time that I use electric and save the £15.

Hope this helps.

Sadly inaccurate, they don’t read you meter every 30 mins, they get historical 30 minute readings usually once a day.

Hmm. Just been onto my app (not EON) and the half hour reading from 1200 is already there. If I look again in a bit, the 1230 one will likely be there. And so on.

EDIT - 10 mins later the 1230 reading is now there.

Who is you supplier? You don’t have an Octopus mini per chance

la531983

debitcardmayhem said:

la531983 said:

debitcardmayhem said:

Peter999_2 said:

Basically it means they will read your smart meter every 30 minutes.   it will allow them to offer tariffs based on usage of electric during the day.  it shouldn't affect you if you stay on a standard tariff, you would still only pay the same amount.

I am with Octopus on the Agile tariff.    They charge me a price based on the wholesale electric price at the time - when they read the meter they get my exact usage for those 30 minutes.

For example,  for the electric I use between 12.30pm and 1pm I will be charged 14p per kWh and then between 1pm and 1.30pm I will be charged 15p per kWh.     This means I will be saving against the current standard tariff ( I think that is about 23/24p per kWh).   Therefore I would do my washing while it is cheap etc.

However, at 4pm (peak time) more people need electric as they get home from work and my cost will be 28p per kWh and between 6.30pm to 7pm it will be 34p per kWh.

As you can see, the price is more expensive from 4pm to 7pm and then it drops again.    As I am at home, I make sure that I cook my tea at 3pm or 7pm and it saves me money.

It's like everything, a bit of work saves money.      I have an app that tells me the difference between what I would have paid on the standard tariff and the agile tariff for my exact usage.     In the last 30 days I have paid £40.96 and the standard tariff would have cost me £55 so in my eyes it is worth shifting the time that I use electric and save the £15.

Hope this helps.

Sadly inaccurate, they don’t read you meter every 30 mins, they get historical 30 minute readings usually once a day.

Hmm. Just been onto my app (not EON) and the half hour reading from 1200 is already there. If I look again in a bit, the 1230 one will likely be there. And so on.

EDIT - 10 mins later the 1230 reading is now there.

Who is you supplier? You don’t have an Octopus mini per chance

Nope. My supplier is Fuse, reading my SMETS 1 meter, all readings from the Fuse app. Half hour readings are always through no more than an hour after the half hour has finished.

cugel

Reed_Richards said:

Maybe I am wrong but I think you used to have the option of allowing your meter to report half-hourly data or not.  Perhaps the email means that Eon have opted you in, despite any previous choice you made?

Hi, the email from Eon has button to click to opt in to the 30 minute settlement, so Im not on it yet. Got no trust in utility companies so asked you fine people.