New octopus snug rates

Rosie1001

just got a email with new rates

QrizB

That's still pretty good value, cheaper than E7 🙂

Rosie1001

https://forums.moneysavingexpert.com/discussion/comment/82161745#Comment_82161745

I know , I was expecting worse to be honest

RedFraggle

Same. We're North Yorkshire

Scot_39

Full regional Snug pricing table posted here by @Swipe

For those in other regions

https://forums.moneysavingexpert.com/discussion/6685917/octopus-snug-rates-rising-from-19th-october-2026

Basically 9p to 10p - but now - temporarily ? - without the VAT - "off peak".

I noticed a users USwitch comparison post warned it could be back in Apr - so rates for fixes etc would change

I posted the new rates vs EM E7 variable rates - in that thread - and it's still much cheaper.

…Snug vs e7 variable will be

Off peak 9.5 vs 13.92 p/kWh

Peak 26.54 vs 31.35

Sc 50.75p vs 49.65p

sheenas

Depends on your usage pattern and total usage. I have a small battery which charges in the cheap night period and discharges 4pm to about 8pm.

Tariff	Off-Peak Window	Off-Peak Rate	Day / Rest of Time	Standing Charge	Est. Daily Cost	Est. Annual Cost
E.ON	2:00 AM – 5:00 AM	14.10p / kWh	18.29p / kWh (38.77p peak)	47.00p / day	£2.36 – £2.66	£860 – £972
Snug Octopus	00:30 – 06:30 + 1 hr boost	9.50p / kWh	28.50p / kWh	58.00p / day	£3.15	£1,148

Scot_39

Snug provides the esential for those using it with older dumb storage heaters meter controlled switching (ALCS) for heating which the EOn tariff doesnt afaik.

Folk with such kit need a meter and tariff that supports their heating "physically" and pre Snug for many that was E7 - in my region 4-5p/ kWh more expensive on both rates - or even more expensive E10 or until recently old RTS specials.

What sort of energy are you charging and using time shifted to compare those costs.

in winter some folk will easily be using 90-95% plus of daily electric on their NSH and hot water.

At 90% off peak the ave use rate on Snug is 0.9x9.5+0.1×28.5 = 11.4p.

Cheaper than your EOn off peak 14.1p, and in terms of battery tine shifting - probably need to add 10-15% higher due to conversion and storage/recovery losses. So say 15.5p min true cost.

And the 3 hrs on the EOn wont provide most setups sufficient charge for heat to last the full day in colder months - even if they werent reliant on meter alcs. As kit will have been sized for many based on 7 hrs - or in my case thd original RTS 10 hrs split 3x per day tge whole of my close was fitted with when built.

I only heat to modest temps and I go over 90% off peak on coldest days - hit around 94/95% in besdt from east type conditions - anything freezing overnight, and/or low single figures days, others will be far higher than my average if heating to 19, 20C+ etc. As rheir hesting will be on higher and longer (weeks (if not months) in the year) than mine.

Over the year that drops to more like 75-80% off peak use even for me. Which would make Snug ave rates = 0.75x9.5+0.25×28.5 = 14.25p. Without the need for wiring in an expensive battery. And still would be cheaper than 14.1p+charge cycle losses.

And whilst I can accept a battery is a great way for many to ride across modern smart tou 4-7pm peak rates - suspect largely those not reliant on old NSH or other conventional electric heat storage boilers etc.

I suspect some here would need to store 20-30+kWh in battery to make up for loss of 4 hrs off peak rates. Its just not economic to do so.on top of nsh..

my 2 bed is rated for 70kWh per day charging - but over 10 hrs not 7. My neighbours went to 9.9kW input across 4 quantums not 3 dumb old nsh at 7kW after making mistake of thinking e7 cheaper rates would save.

And again even if had batteries - and invertors that powerful are not common - at that sort of capacity say a £15k plus investment for even 20kWh say at Tesla end of market, they couldnt easily feed their existing heaters from them.

NSH are a very effective and cheap "heat battery" by comparison - especialky if already have them fitted..

And far Cheaper even over decades not just years I suspect to just pay the 18.3p rate and use plug ins instead of batteries / nsh for heat on a tou like EOn above. (£15k/8.8p/kWh diff = 170,000kWh - thd Ofgem median pc2 tdcv now just 3400kWh/pa total = 50 yrs total not just hesting use)

Or for those with option - to spend instead on ashp or a2a upgrades to get cop efficiency then a smart tou like EOns to turn 14p andc18p into 5 and 6p effective at even a low cop of 3 - many post their ashp well over 4. Which many flat dwellers cannot.