Best Octopus battery storage tariff.
Battery storage is an excellent option to help reduce your energy bill. Plus if the lights go off this winter, in the form of a blackout, you will have your own power source. Battery storage can also help reduce your carbon footprint if you can charge when the grid is greener at night. So what’s the best Octopus Energy tariff for your home battery storage?
I have had many questions about battery storage over the last few weeks. If you are contemplating the best options for reducing your energy bills battery storage could save you money. I have recently had solar panels and battery storage installed so I will walk you through the tariffs available.
What is Battery Storage and Why is it Important?
With the rising cost of energy and increasing concerns about the environment, people are looking for ways to reduce their carbon footprint. Battery storage at home is one of the most popular solutions for this problem. It allows homeowners to store excess energy generated from renewable sources such as solar panels so that they can be used when needed. This not only reduces electricity costs but also helps reduce emissions and pollution associated with traditional power plants. Battery storage also provides a backup in case of an emergency or natural disaster. With more efficient batteries becoming available, battery storage at home is becoming a viable option for many households looking to become more energy-efficient and environmentally conscious.
@sarah_go_green #solarpower #batterystorage #givenergy #givenergyallinone #octopusenergysolar ♬ original sound – sarah_go_green
With the increasing demand for renewable energy sources, battery storage for home use is becoming more and more popular. Battery storage can help households save money on their electricity bills by storing energy when it is cheaper and using it when the prices are higher. It also helps reduce carbon emissions by allowing households to switch off their appliances during peak times and use stored energy instead.
Octopus Off-peak tariffs for charging battery storage.
When you invest in battery storage for your home it is quite a sizeable investment and the obvious question is when can you aim to recoup your cash. In the last few months interest in battery storage solutions for domestic use has increased dramatically. In many cases, battery storage is being sought as a solution before solar PV.
A quick rundown of the Octopus time-of-use tariffs.
To qualify for an Octopus smart tariff or time-if-use tariff you will need a smart meter. This allows Octopus to calculate when you use energy.
Apart from Economy 7 and Octopus Agile you will be required to have a particular piece of green tech to qualify for the tariff. You will also be able to use the off-peak rate to charge your home battery.
Just to give you an example, I have an EV and I qualify for Octopus Intelligent Go, I charge my EV during the off-peak window and I set my home battery to charge at the same time. It’s enough to fill the home overnight and only costs 7.5p per kWh. At 7.5p or 9.0p per kWh off-peak on Octopus Go, the more battery storage you have the better as you can use that cheap energy during the day when prices are high.
- Economy 7 – No hardware is required.
- Octopus Agile – No hardware is required.
- Octopus Flux – Solar panels and battery storage.
- Octopus Intelligent Flux – Solar panels and battery storage.
- Octopus Go – Electric Vehicle
- Octopus Intelligent Go – Electric Vehicle.
- Octopus Cosy – Heat Pump.
If you don’t have an EV or solar panels then Octopus Agile is an option to look at as well as Economy 7. You can read more about this on my Octopus Agile review page.
Dedicated Solar and Battery Storage Tariff.
Octopus Energy offers two tariffs exclusively to customers with both solar panels and battery storage. They are Octopus Flux and Octopus Intelligent Flux. The intelligent version was launched in July 2023 and takes into account the growing interest in battery storage. It allows customers to leave all the work of deciding when to charge and discharge their battery to Octopus.
This diagram should help you better understand the concept of the Octopus Flux Tariff. This is my interpretation of the Octopus Flux and not an official image from the Octopus Energy website. The intelligent version is all managed by Octopus, you just put your feet up and leave them to export at the greenest time which as a bonus is also better for your pocket.
In the summer, the yellow solar line will extend further, providing you with a greater chance to export energy at the peak rate while keeping your battery charged with green electrons.
Cosy Octopus Tariff.
Octopus Energy launched a new smart tariff, the Cosy Octopus tariff, which has a double discounted period. You have to own an air source heat pump or have booked to have one installed to qualify for this tariff. It has 6 hours of off-peak electricity which is around 17p per kWh during this period. Maybe, this would be a good option if you have an ASHP and battery storage.
Is battery storage worth the investment?
Yes, yes and yes! I have had battery storage now for around 6 weeks and the difference it has made to my energy bill, even in November is quite staggering but I do have access to an EV tariff. This means I get a cheap overnight rate to top up the battery ready for the next day.
Even without an EV just being able to store excess solar and fill up at the lowest rate possible makes battery storage a great option to lower the average price you pay per kWh.
I did a lot of research before deciding on which battery to buy. I asked so many questions GivEnergy invited me up to visit them. If you are going to invest in a home battery you have to be confident you have made the best choice for your own needs. So do your homework and if you have any questions drop me a message or tag me on Twitter!
Battery storage has to be the way forward for energy security in the UK.