OCTOPUS GO VERSUS AGILE TARIFF

OCTOPUS GO OR AGILE
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octopus go v agile review

Octopus Go v Octopus Agile.

Octopus Go versus Octopus Agile is one of the most popular topics linked to Octopus Energy smart tariffs.  You’ll need a smart meter to access both of these Octopus Energy tariffs but once you’re ready to go and leave your interim tariff the big question is Octopus Go or Octopus Agile?

What’s right for you – Octopus Go v Octopus Agile.

No one can tell you which Octopus smart tariff is right for you. So many influencers seem to hold the answer but they aren’t you and they don’t know how and when you consume energy and your personal preference to investing time in order to save money or access greener energy.

The key thing to remember is that this is all fairly new territory and whatever you do, whichever Octopus tariff you choose you’re making a greener choice that is right for you at this moment in time.

Here’s some information that may help you make up your mind on your Octopus Energy smart tariff.

The Octopus Energy Agile tariff allows you to use energy when consumption is low bringing down prices to a minimum, sometimes even free. Shift your energy use outside the 4-7 pm peak to save money and use cleaner, greener energy when there is less demand on the grid. Plus “plunge” pricing when wholesale prices go negative could even pay you to use energy!

The statement did become slightly outdated as plunge prices became few and far between but over the last few days we have seen prices fall and today go negative! Summer is always a good time for Octopus Agile!

Octopus Go offers a very attractive 4 hours of electricity at 7.5p per kWh between 00.30 and 04.30hrs. You can keep the running costs of your EV down but you can also schedule large home appliances to run during these times, such as your washing machine and dishwasher. When the peak unit price on Octopus Go is 35.04p per kWh this will make a considerable saving on your energy bill!

How much does Octopus Agile cost?

The Octopus agile price per kWh of electricity changes every 30 minutes.  The idea is that you shift your energy usage to a time when there is less demand on the national grid. The prices are displayed the day before on the Octopus Energy website. You can find out more information about the Agile tariff on the Octopus website.

Octopus Agile is usually much more expensive than Go between 4 pm to 7 pm peak period but cheaper than Go from 04:30 am to 4 pm.

Octopus Agile tariff price on Thursday 30th June 2022

Min: 34.7p per kWh (22.30)

Max: 35.0p per kWh (06.30)

Average: 35.0p per kWh.

Av. Excluding Peak times: 35.0p per kWh

Cheapest 4hrs: 35.0p per kWh

Peak Time 1600 – 1900: 35.0p per kWh.

The prices are based on national average prices per kWh.

I have highlighted tomorrow’s prices to give you an example.

The prices are based on national average prices per kWh.

Thanks to @energystatsuk for the daily figures.

The average Agile price per kWh is 35.0p and the standing charge is 21p a day. (01/07/2022)

Points to consider;

  • Octopus Agile is capped at 35p per kWh with a daily standing charge of 21p.
  • Octopus Go is 35.04p per kWh with a daily standing charge of almost 50p. (depending on your geographical location)
  • Octopus Agile maximum price of 35p per kWh could change at any time as could the 21p daily standing charge.
  • Octopus Go is fixed for 12 months.
  • You need an EV to be on Octopus Go.
  • You can switch between tariffs at any time.

The Agile price should go up and down in price but it’s been stuck at around the 35p per kWh peak price for several months. During June we have started to see prices going negative meaning. Now you get paid to use electricity.

The Go tariff should bring your average price per kWh down but you need to shift a proportion of your energy use off-peak, eg charging your EV. This will bring down the average price considerably.

Making a concerted effort to shift your larger appliances to off-peak on either Agile or Go such as your washing machine, dishwasher and tumble dryer will also reduce the average price you pay per kWh.

OCTOPUS GO Tariff OCTOPUS AGILE Tariff. ⏰ 01/07/2022
35.04p per kWh Daily Average Price 35.0p per kWh
7.5p per kWh - Off-peak 00.30 to 04.30 🚘Cheapest 4 hours of energy 35.0p per kWh
47.88p per day standing charge.21p per day standing charge.

Here is a quote for Octopus Go on 30th June 2022.  It is a good deal in the current climate for charging off-peak. The Octopus Go tariff is a fixed deal for one year.

To find the  most up to date Octopus Go rates in your area use this link. (If you decide to sign up come out of the quote and use the referral link. Otherwise you’ll miss out on the £50 credit)

On Twitter, there is quite some debate around sticking with the Octopus Agile tariff or moving over to Octopus Go. Quite a few moved to Octopus Go BUT they are heading back to Agile!!  This is the great thing about Octopus Energy’s smart tariffs. You can switch between the two. If you switch away from Octopus Agile you can’t switch back for 30 days but that’s fair enough!

So the winning Octopus Smart tariff is……

I won’t take away the last 2 minutes of your life without giving you my opinion. 😆 It’s all very personal to your needs but if you want to plug your EV in and forget about it Octopus Go is more likely to be the one for you! You can make the most of the 4 hours of very cheap energy to get your house in order. Get the washing machine whizzing and dishwashers running off-peak this will bring down your average price per kWh. I like the stability of a fixed rate and so for me Go is the winner. Prices will no doubt increase in the winter of 2022 and taking the 12 months fixed now will protect you.

Do you want to play around with half-hourly energy prices and use energy when there’s less demand on the grid? If so you may well be on Team Agile.  A fixed is always my personal choice but the 21p standing charge is very attractive on the Agile tariff PLUS you don’t need an EV to be on this tariff. You’ll need proof you have an EV to get on Octopus Go!

In my opinion, Octopus Agile half-hourly pricing is, without doubt, the way forward to even out our energy consumption and reduce the massive peaks in use on the national grid.  The intelligent tariff also works in the same way but Octopus take control of your EV charging schedule. If you are happy to try this new tariff you will get 6 hours off-peak instead of 4. Smart tariffs have so much to offer if you can be creative with your energy use. This is a good read on half-hourly pricing and net-zero.

Just a final thought, heat pump owners have been crying out for an off-peak smart tariff and Octopus now has one! If you live in a region where Western Power is your DNO then take a look at the smart heat pump tariff Octopus is currently trialling in your area.

Octopus Agile Tariff.Cheapest 4 hours.Average price kWhCheapest price 30 minutes.
National Average Price of Energy. Energy PriceEnergy Price.Energy Price.
Friday 01/07/2235.0p per kWh.35.0p per kWh.34.7p per kWh.(22.30)
Thursday 30/06/2235.0p per kWh.35.0p per kWh.35.0p per kWh.(00.30)
Wednesday 29/06/2232.7p per kWh.34.5p per kWh.31.4p per kWh.(00.30)
Tuesday 28/06/2226.8p per kWh.32.0p per kWh.25.5p per kWh.(05.00)
Monday 27/06/2728.9p per kWh.33.7p per kWh.26.5p per kWh (01.00)
Sunday 26/06/2223.4p per kWh.29.4p per kWh.22.2p per kWh (13.30)
Saturday 25/06/22 25.9p per kWh.31.3p per kWh.25.2p per kWh.(05.00)
Average price per kWh over 7 days.33.67p per kWh
Octopus Agile Average unit price over the last 365 days in my area. 29/06/22Per kWh.
Average price including peak times.30.92p
Average price excluding peak times. (4pm - 7pm)29.99p
Average price during the cheapest 4 hours.26.03p
Standing charge 21p

Thanks to @energystatsuk for the daily figures.

find out more octopus go faster tariff

 

Take a look at my full Octopus Go / Go Faster review. The unit price outside the discounted period may vary depending on your geographical location.

COMPARE OCTOPUS GO FASTER TARIFF 
Option 1 🚘 4 hours discounted.7.5p per kWh
Option 2 🚘 5 hours discounted.8.25p per kWh
Outside discounted period unit cost per kWh35.04p
Standing charge. 🚘47.88p

If you own a Tesla or a Wallbox Pulsar Plus Charger (or you are thinking of buying this charger) take a look at this brand new EV tariff, Octopus IntelligentIt offers 6 hours of off-peak charging.

 

If you don’t own an EV and are using Octopus Agile as an alternative to a standard Octopus tariff it’s still a great way to focus your mind on shifting your energy. At the moment the average daily price per kWh has been coming down and today has even gone negative but it does depend on how flexible you can be with your energy use. This tariff is fantastic for helping to make the grid greener BUT it’s not a fixed deal and Octopus could change the maximum price or the daily standing charge at any time!!

So whenever you discover this post if you are asking yourself Octopus Go versus Octopus Agile remember you are asking yourself this question as you are not sticking to the norm and going with a standard tariff. Standard tariffs at the moment are ridiculously high! Switching to a smart tariff at least gives you the freedom to try and bring your overall energy bill down. You may be trying to be greener or save money or both but it’s all a learning curve and one we have to do to give the planet a better future!!

Read both my reviews on the Octopus Agile and the Octopus Go / Go Faster tariffs. 💕 I’d also suggest you look at Intelligent Octopus which is a beta tariff BUT I can see it becoming more consideration for those looking at Octopus Go. The next post I think will have to be Intelligent Octopus v Octopus Go!! 

octopus energy ratingIf you call and decide to switch to Octopus you’ll get £50 credit on your first bill and I will get £50 credit too.👏💚🎉 – Thank you, Sarah.🤗

Here are a few of the reasons Agile prices have been high at the moment. I have written a blog post that might prove helpful.

Octopus Watch App

You can find some great apps and devices using Octopus Energy API.

I would strongly suggest looking at the Octopus Watch app. Watch refers to keeping an eye on something rather than needing a smartwatch to access it!! 😁

I would say this is one of the most useful apps to consider if you are switching to the Octopus Energy Agile tariff. This app allows you to download up to 3 months of historical data.  You can use it to set Agile pricing alerts and interact with Siri. It’s a good app but the fun really starts in the subscription version.

(Find this app at google play)

(find this app in the app store here) (find this app on the Amazon store)

Octopus Watch with Subscription.
(£1.99 + £7.99 per year/£0.99 per month)

This is really if you want to help shift your usage to make energy greener.  You can set alerts so you know when the lowest carbon period is.  It really depends on how much you want to play around with your energy usage and shift. The predictive reports are great too. If you want to plan and work out which day would be best to charge your car or do your weekly wash then the predictive option helps a lot. Of course, these energy prices are just predicted. However, they have shown to be 90% accurate, which is good enough for me.  Here is the smarthound website.


octopus energy cashback

Octopus go review

 

I am in the Telegraph Newspaper…Eek

Graig Fatha Wind Turbine

This week has been slightly crazy.  I have been on BBC Radio 4 and BBC Radio Wales talking about why I bought a share in a wind turbine.

Back in lockdown last year I bought into the first UK crowdfunded wind turbine which is located in South Wales. When most people were buying bread makers and having multiple home deliveries from Amazon I was considering how I could become greener.

It all started when I jokingly said to my husband that we should erect a wind turbine in the back garden.  We started googling wind turbines and we came across Ripple Energy.

Now the turbine is up and running there has been a lot of media attention. It seems that wind is a very hot topic which makes me happy! It is about time in my opinion. As a country, we have to be less reliant on fossil fuels and look for quick and easy ways to add more green energy to the national grid and wind as well as tidal power has to be one of the ways forward.

The UK government’s NetZero Policy was updated this week.

A random call from the Telegraph Newspaper.

It’s not often that a national newspaper calls my mobile but when I answered a call from a journalist who told me she was from the Telegraph newspaper I wasn’t that surprised. I had been on Radio Wales in the morning talking about how I love renewable energy and wind turbines. I thought maybe she had got my number from there.

After answering several questions about potential government policy that may be on the cards in terms of renewables. The questions were quite tricky but I gave it a go. Then came quite probing questions about Ripple Energy and its figures. Suddenly the penny dropped for me she thought I was Sarah MERRICK, the CEO of Ripple Energy.  Not Sarah the customer of Ripple who loves wind turbines. 🤣😂

After a few chuckles, we carried on talking about wind and the need for more renewables in the UK.  I spoke about why I decided to help crowdfund a wind turbine and how I had even driven over to see it.  We ended the call and I thought nothing more of it…

A few days later I got an upbeat text from the journalist asking if I fancied having my photograph taken for her article. Wouldn’t it be fun if I went to the turbine with the photographer from the Telegraph to get some snaps done? Being sport for most things renewable I agreed.

Today the article is on the Telegraph website along with my photograph. Fame at last. 😆

Was it fun finding our wind turbine?

Yes, it was fun. Maybe a little cold. We had sun, hail and wind as I posed for my photograph. I dragged the kids along as they were off for Easter. While I posed up against a log they made up a game skipping over the shadow of the turbine blades as they spun gently around. My youngest who feels the cold looked a little fed up in the end BUT this is all for their future!! I really hope they remember this when they are older. I would like them to know I did try and make a difference in my own small way.

Who is Ripple Energy?

Ripple Energy was dreamt up by Sarah Merrick. Sarah, the founder and CEO of Ripple Energy was a big cheese in the wind industry. Ripple helps individuals club together to form a co-operative of owners who can not only own their own turbine but profit from the energy that it produces.

Ripple Energy doesn’t own the turbine the co-operatives do. They do all the hard work.

  • They get the turbine built.
  • Makes sure the turbine gets hooked up to the national grid.
  • Allocates your share of the turbine energy generation to your energy bill. (So you will see a deduction on your energy bill )
  • They also managed everything else to make sure that the turbine is well maintained and kept spinning.

Where is the wind turbine located?

My wind farm, Graig Fartha is a 5-minute drive from the Royal Mint in Llantrisant, South Wales. It’s the first turbine built and managed by Ripple Energy.

Can you still buy shares in your own turbine?

Yes, there is a new project underway in Scotland. I believe 60% has been sold and the offering will close in a few weeks’ time. So get your skates on if you are interested.

 

 

 

 

 

 

Trouble shooting Intelligent Octopus Tariff.

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Week 1 on the Intelligent Octopus Tariff.

With wholesale energy prices rising and the price of domestic energy increasing, I decided it was time to jump ship to a new fixed deal for my electricity. I have an Electric Vehicle and charging at peak rates isn’t something I want to consider if I can help it. The lower unit rates offered by Octopus Energy for EV charging have always been attractive but they increased in price in January 2022 and I can see another price increase looming.

I may be wrong but for my own sanity, I decided to not only take a new 12-month fixed deal early but also try a new beta tariff being developed by Octopus, the Intelligent Octopus tariff.

Switching from Octopus Go Faster to Octopus Intelligent.

I love tech but like most people, I also feel more comfortable with what I know and the Intelligent tariff is anything but traditional. Nonetheless, needs must, and in the interest of saving money and helping both the planet and Octopus, I decided to sign up for the new Intelligent tariff.

The switch from my Octopus Go Faster tariff to the Intelligent tariff was much easier than I expected. I already had the Octopus app on my iPhone and just needed to complete some preliminary questions within the app. There isn’t a separate app for the tariff its all done on the standard Octopus Energy app you’ll find in the Appstore.

Within the Octopus app I was asked to confirm;

  • EV make and model.
  • Charger make and model.
  • Number of EVs at my home.

I was then asked to sign into my Tesla account.  I presume this is to allow Octopus to have access to my Tesla’s API so they can remotely control my charge. The final step they asked me to plug in my EV (Tesla Model Y) and let Octopus try and conduct a test charge.

The test charge took a few minutes to complete and the signup process was complete…eek! All of the boxes had now been ticked.

How best to use the Intelligent Octopus tariff. – My first few days.

After some reading, I realised the best thing to do is to plug in your EV as soon as you get home.  After completing the Octopus app with how much charge you need and by when you are all good to go. The Octopus app will let you know your schedule at 5 pm or later if you plug in after 5 pm.

Plugging in early isn’t an issue as its what I do anyway with Octopus Go.

Day 1 

I plugged in my EV and completed the charge schedule on the Octopus app.

There isn’t a separate app for the Intelligent tariff. A new icon appears at the bottom of the Octopus app once you have linked your EV up during the setup process. You simply click on this button and let Octopus know how much charge you will need and by when. I set mine to 80% by 10 am.

Day 1 Result – When I woke up I quickly checked my charge status on my Tesla app. It hadn’t charged. I did wonder if I had over complicated my charging experience just to get a few extra hours of charge a week BUT I then remembered how much prices have risen! An extra few hours of 7.5p per kWh instead of 30p per kWh is worth a bit of head-scratching! It all adds up at the end of the month when you get your utility bill.

I am always on Twitter so decided to tweet Octopus to ask for help. After a flurry of answers from lots of helpful people, including Octopus it was obvious that I had my Zappi charger on the wrong setting. I should have had it on Fast mode. You basically need to make sure your charge is in dumb mode. No schedules lurking in the background on your chargers app but have it simply ready to charge.

Day 2

My battery was now down to around 36% and I needed a full charge by the next morning. My Zappi charger was in fast mode and I plugged in. I went to the Octopus app but couldn’t schedule a charge. The screen seemed to be stuck on a little timer. The type you get when you are waiting for a page to load but nothing happened.

I was really tired and just wanted to plug and go. Whilst standing outside I took to Twitter and banged off a tweet asking for help. I left the EV plugged in and went into my house. By the time I had taken my coat off and sat down, which didn’t take long, I received a reply from the CEO of Octopus, Greg Jackson. I also had a reply from one of his energy boffins who had fixed the issue!!! How mad is that?? 👏💚🐙


I went into the Octopus app and requested 100% by 4 am. It was around 7.50 pm and the schedule instantly appeared in the app. My EV was due to start charging at 7.55 pm! I would get almost 9 hours of off-peak rates thanks to an early charging schedule. So I filled my washing machine, tumble dryer and dishwasher and got them all on as well.

If Octopus decides to start charging your EV outside the off-peak 11.30 pm to 5.30 pm slot you got all your home energy at the off-peak rates during these time slots as well! I woke to a fully charged EV and lots of clean washing!!!

Day 3 

I had picked up some tips from Octopus customers on Twitter and was all ready to go. I paused smart charging in the Octopus app in the morning. (This ensures there’s nothing extra going on in the background of your EV to drain the battery any quicker than it should.) So I clicked on smart charging in the Octopus app, plugged in and set my schedule.

This time the EV started to charge but didn’t stop after a minute or two as it had previously done! Ten minutes in and I manually paused the charge in the Tesla app. I tried this a few times but it just kept charging and at peak rate!

What should happen is that the EV starts charging when you plug in but then stops. Octopus can tell you have plugged in and they automatically stop the charge until your charging schedule is ready and then the schedule kicks in. Today, however, it just seemed to keep charging and I didn’t really want any charge at peak rate!

I tweeted Octopus and tagged one of their boffins who had replied the previous day. Within minutes I received a very upbeat reply.  Apparently, it can take up to 15 minutes for the charge to stop once you have plugged your EV in. There’s a cycle where Octopus checks your EV status and after checking it will pause the charge but it depends where in the cycle you are.

I asked if pausing the charge on my Tesla app would cause an issue, it doesn’t. When your intelligent schedule is ready to charge Octopus will automatically unpause the charge.

So going forward what have I learnt about the Intelligent Octopus tariff?

When I get home I will;

  • Reactivate smart charging in the Octopus app.
  • Plugin my EV.
  • Pause charging in my Tesla app.
  • Set my charging limit and time I need the car by in the Octopus app.

In the morning I will deactivate the smart charging in the Octopus app and be on my merry way!! I’ll just get Octopus off its sunlounger and click “Enable Smart Charging” when I get home.

From what Octopus have said there is a fix on the way which will mean you won’t have to activate and deactivate smart charging but for now, it’s an easy workaround for the issue.

Is the Intelligent tariff as easy and convenient as Octopus Go?

The Intelligent Octopus tariff sounds a lot more complicated than plug in and go. When I was on the Octopus Go faster tariff that’s what I did. I had my Octopus Go Faster schedule all set up in my Zappi app so it matched my off-peak rate times. My EV then only charged during these times regardless of when I plugged it in.

In reality, I could do the same on the Intelligent Octopus tariff. You get off-peak rates between 11.30 pm and 5.30 am on the Intelligent tariff. You don’t need to schedule a charge more than once a month. That’s in the terms of the tariff I believe. So I could simply reprogram my Zappi with my new off-peak times and use it the same way as I did with Octopus GO but I would then get 6 hours instead of 4. I would just need to remember to use the Octopus app to schedule one charge a month.

Even though I am really busy with the kids and could do with just a straightforward charge the benefits of experimenting with the new Intelligent tariff is well worth it. Octopus allocated me 9 hours off-peak on day 2 that’s quite a saving as all my energy around the home is charged at the same rate. Plus I know that someone else is making sure I use energy when it is at its greenest and there is less demand on the national grid. It’s, without doubt, a win/win.

If you want to charge urgently and not wait for a schedule you can just click “bump” and charge at peak rates. You could also deactivate smart charging and just plugin.

For Geeks and way beyond my technical ability.

If you are into your tech and you schedule battery storage as well as your EV this may be worth looking at in Github. It’s a Python script that links with the Intelligent Octopus API.

If you are thinking of switching to the Intelligent Octopus tariff give it a go!

I hope you have found this blog post useful. It should help if you are setting up your intelligent tariff for the first time. There isn’t much on the internet at the moment on this tariff as its so new but I really think it’s the way it will all go in the future.

If you need help just reach out to Octopus. They can be contacted on social media or by emailing [email protected] There’s also a blog post with Intelligent Octopus FAQs.

My personal suggestions to improve the Intelligent Octopus tariff.

I have suggested to Octopus that they add a confirmation alert after a charge has been successfully completed. Knowing when your EV charged and that it charged at the off-peak rates would just add some reassurance for customers. They have already replied saying this is on their to-do list. You really can’t beat that!

How much will it cost to fully charge my Tesla Model Y on the Intelligent Octopus tariff?

My Tesla Model Y has an 82 kWh battery. The off-peak rate for the Intelligent Octopus tariff is 7.5p per kWh. 82 x 7.5 kWh = £6.15 for a full charge. 👏🌈🚗❌🏭❌⛽️🥳🥳

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed and Flexible Tariff Price Increases.

Octopus Energy Fixed and Flexible tariff price increases.

I usually wake up each morning and check the Octopus Energy tariffs page to see if prices have increased. I am a massive Octopus Energy fan and blog about their tariffs and mission to help us achieve NetZero. Today, I was staggered to see that overnight the cost of an Octopus 12 Months Fixed tariff has increased dramatically overnight.

  • 5th March 2022 – 13.91p per kWh for a unit of gas and 46.32p per kWh for a unit of electricity. (Current fixed rate)
  • 25th February 2022 – 10.22p per kWh for a unit of gas and 37.67p per kWh for a unit of electricity

It wasn’t a complete surprise as wholesale prices started to take a sharp upward increase as soon as Russia invaded Ukraine. Prices have been going up consistently for a few weeks but for the last week, wholesale prices have reached new highs.

Octopus Flexible Tariff price increases announced.

Octopus Energy announced yesterday its new Flexible Octopus prices.  The Flexible Octopus tariff is the Octopus default tariff referred to as the standard variable rate. This tariff is subject to the price cap and is based on average wholesale energy prices over the previous 6 month period between August and January 2022.

The new April 2022 energy price cap will see prices rise by 54%.

Energy Price Cap - April 2022. 
Electricity ⚡️Gas 🔥
28.29p per kWh7.43p per kWh.
Daily standing charge 47.88p.Daily standing charge 27.22p.
Prices vary based on geographical location. (These reflect South Wales)

Here are Octopus Energy’s new Flexible tariff rates which will come into effect on the 2nd of April 2022.

Until yesterday a new Octopus fixed tariff was worth considering if you could afford to pay higher than the price cap over the summer period. By taking a higher rate and using less energy over the summer months you could have planned ahead for the winter to try and beat any further price cap rises in the autumn.

The new October 2022 energy price cap will be based on wholesale energy prices between February and August 2022. So far wholesale energy prices have been incredibly high and they seem to be going only one way and that’s up!

If wholesale energy prices continue to rise there could be at least another 54% price increase in October! That’s my big worry!! There may be further price rises on the horizon.

Is there still time to fix a new Octopus Energy tariff?

It is questionable if fixing a new deal today is the right thing to do. The Octopus fixed rate is much higher than the energy price cap but the price cap will go up in October, by how much is yet unknown! Just remember you can switch tariffs at any time and there are no fees so if prices drop you can take a new deal.

 Octopus Fixed Price per kWh. April 2022 price cap.
Electricity41.8p per kWh.28.29p per kWh
Standing Charge47.88p47.88p
Gas11.82p per kWh7.43p per kWh
Standing Charge27.22p27.22p
12 Months fixed tariff.YesNo
Prices vary slightly depending on geographical location.

If you have a smart meter and an electric vehicle I would without questions look at moving now to Octopus Go or the  Intelligent Octopus tariff! I have no idea how long these deals will last but they are a really good opportunity to grab a fixed rate!

Will energy prices continue to rise?

No one knows but I think they will. During the summer months, it’s easier to cope but in the winter when you need your heating and lights on it’s going to be a big challenge!! I hope there is a resolution to the energy crisis very soon!!

Update 7th March 2022.

The March Version 1 of the Octopus Fixed Tariff and Loyal Octopus tariffs seem to have been withdrawn and you can still grab a fixed at the February rates!!

 

 

 

Get your electricity for free – The big dirty turn down.

octopus big dirty turn own

Octopus big dirty turn down

The Big Dirty Turn-Down 

I have been waiting for some positive news but there hasn’t been much of it around at the moment in terms of energy. Wholesale energy prices are skyrocketing and everyone is bracing for the energy price cap rises in April. Yesterday, however, Octopus threw us a curveball as they launched their Big Dirty Turn-Down trial.

What’s the Big Dirt Turn-Down all about?

The Big Dirty Turn-Down is available to Octopus customers who;

  • Hav been an Octopus Energy electricity customer since December 1st 2021
  • Have a working smart meter, which sends us half-hourly reads
  • Are not be on an export tariff (Outgoing, SEG, etc)

It is a trial between Octopus Energy and The National Grid. Customers will be paid NOT to use energy. That’s right for switching off your electricity and shifting when you use the most energy you could get money off your energy bill.

Octopus is passionate about load shifting and has been trying to persuade customers to use energy off-peak for the last few years. The difference is this is a collaboration and it doesn’t involve switching to a smart tariff. You can stay on your existing tariff. Nothing changes except during the trial, which runs February and through March, you’ll need to try and hit a set energy target during a preset 2-hour window.

How often will I need to turn down my energy use during the trial?

There will be between 5 and 10 big dirty turn-down events lasting 2 hours. If you are able to reduce your energy use to achieve a set target then you will get the energy used in that 2-hour window for free.

The challenge will be sent to you a few hours before each event. You’ll get a text, email or be notified with the Octopus app. All you need to do is start turning things down. Your smart meter will do the rest.

Octopus will look at your energy use for the previous 4 weeks to work out your target. If you meet your target any electricity used during the event will be credited to your account within 2 weeks. So you won’t get charged for the energy you did use.

How’s all this going to help?

I had a discussion with someone on Twitter this morning who just couldn’t see the point of the trial. @Grumpiereveryday asked how will not turning on his kettle after he’s walked his dog really help? Does he have to have cold water?

It’s something we aren’t really used to considering. How does our energy use impact the National Grid? Can we make a difference? Does this help the planet? Yes, it does and that’s the point of the trial.

This frank exchange shows that even before the trial has started it’s working. @GrumpierEveryDay on Twitter has already started to think about the bigger picture. Even though his first thought was Octopus are 🤡 for even trying.  Maybe, he isn’t so grumpy today now we have had a chat. 🥰

Grumpy isn’t alone! As a nation, we use energy on demand. It is something we take for granted but for the sake of the planet if we can think a little more it could make a massive difference.

Inspiration from Peter Miller, Co-Founder Octopus Energy.

We’re working with National Grid ESO, the people who run the electricity network, to trial a big national ‘turndown’, where households come together to consciously use less energy at certain times – and get rewarded with free power for their efforts. While your own home might only be a small drop in the ocean, every ocean is made up of many drops; so put enough of them together and they soon add up. – Peter Miller, Co-Founder Octopus Energy.

How can customers sign up for the Big Dirty Turn-Down?

You can join the Big Dirty Turn down and make a difference by simply completing this form. Maybe, @GrumpyEveryDay will join in?  I think he will! 😇

 

 

Fix a new tariff or stay on price cap April 2022

April 2022 price cap
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fix or price cap 2022Stick or fix your energy tariff before April 2022?

With the energy price cap due to rise by an estimated 54% in April 2022 the question most people are considering is whether a new fixed tariff is a good option or not. It is one I have been asking myself.

Here is my dilemma.

My fixed gas tariff is due to end mid March 2022. I have to either take a new Octopus fixed tariff or I move over to the Octopus flexible tariff by simply doing nothing. Doing nothing sounds very tempting. By doing absolutley nothing my fixed rated will expire on the 20th March 2022. The price I pay per kWh of gas will increase from 2.94p a kWh to just under 4p a kWh. The issue is on the 1st April the energy price cap is due to increase. The Octopus Flexible tariff should then be roughly 7p a kWh and electricity 28p per kWh. So in a matter of days after my Octopus fixed rate ends I will be paying double the price for my gas supply! 🤯

How do you know if you are on a price cap tariff?

I am sure there are thousands of people in the situation where they want to know if they should do something to secure a better long term energy deal. The first thing you need to know is are you on a price cap tariff?  You are on the price cap tariff if;

  • You’ve never switched tariffs.
  • Your cheap fix ended and you did nothing.
  • Your energy firm has recently gone bust and you have been moved to another supplier.
  • You opted for the Octopus Flexible tariff.

If the answer is yes to any of the above then you will be currently paying around 21p per kWh for electricity and 4p per kWh for gas. (It’s a rough figure but it’s close enough)

How much will your energy bill increase in April 2022?

If you are on a price cap tariff like the Octopus flexible tariff the unit price you pay for energy will rise in April 2022 to approximately 7p per kWh per unit of gas ad 28p per kWh unit of electricity. How much obviously all depends on how much energy you use. The price you pay per kWh will increase by 54%.

As an example, if you are currently on a tariff, such as the Octopus flexible tariff, which is protected by the price cap and you use the same amount of energy in April as you did in March your energy bill wil go up by 54% in April 2022. A £100 energy bill in March will cost you roughly £154 in April.

If like me you come off a really cheap Octopus fixed tariff and roll onto the flexible tariff you will feel the effects even more after April.

The price increase for the new energy price cap was announced today, 3rd February 2022.

Will the energy price cap increase again in 2022?

The simple answer is yes there is a possibility it will. The price cap may increase again in October 2022.  No one knows what will happen in the next few months.

Without having a crystal ball it is very difficult to say either way.  Russia is restricting the supply of gas to the UK and this is pushing up both gas and electricity prices. There are lots of issues with Russia and Ukraine which cause concern.  Russia is restricting the supply of gas to Europe to put pressure on the respective governments.  As a result, the wholesale energy market is difficult to predict.

Will sticking on the energy price cap be cheaper than taking an Octopus fixed tariff today?

Yes, being on a tariff protected by the price cap will be cheaper than a new Octopus fixed deal in the first half of 2022 unless the Octopus Fixed tariff drops in price.

The Octopus fixed tariff has been increasing over the last few weeks but if wholesale prices drop in the spring it will go down. You really need to watch this space and grab a deal if prices drop! If you have already fixed at a higher rate you can switch to the lower price tariff by emailing [email protected] It is really easy to do!!

Compare Octopus 12 months fixed tariff energy prices. 👀 Electricity unit rate per kWh. Gas unit rate per kWh.
21/04/2241.08p per kWh 🔺11.82 per kWh🔻
25/03/2239.11p per kWh🔻12.81p per kWh🔻
08/03/2242.01p per kWh🔺12.84p per kWh🔺
07/03/2237.67p per kWh🔻10.22p per kWh🔺
05/03/2246.32p per kWh🔺13.91p🔺 per kWh
25/02/2237.67p per kWh🔺10.22p per kWh🔺
17/02/2235.08p per kWh🔻9.2p per kWh🔻
27/01/2237.29p per kWh🔺10.13p perkWh🔺
21/01/2234.63p per kWh🔻8.55p per kWh🔻
Daily standing charge (from 25/03/22)47.88p per day🔺27.22p per day🔺
Daily standing charge (up to 24/03/22)24.86p per day26.10p per day.

Today, 3rd February 2022 the current Octopus Energy 12-month fixed tariff is 37.20p per kWh for electricity and 10.13p per kWh for gas. There’s a daily standing charge per day of 24.86p for electricity and 26.10p for gas.

Comparison between a new Octopus fixed tariff and the April 2022 price cap. (Octopus Flexible tariff)

 Octopus Fixed Price per kWh. April 2022 price cap.
Electricity41.8p per kWh.28.29p per kWh
Standing Charge47.88p47.88p
Gas11.82p per kWh7.43p per kWh
Standing Charge27.22p27.22p
12 Months fixed tariff.YesNo
Prices vary slightly depending on geographical location.

Prices vary depending on your geographical location. You should also be aware standing charges are also going up. In my area, that means an increase of around £6 a month just on the standing charge!

The April energy price cap will rise by 54%.  Currently, it is still cheaper to stick on a tariff capped by the energy price cap, such as the Octopus flexible tariff for the next few months. The issue is no one knows how much the energy price cap will rise by October 2022. Who knows what will happen if Russia invades Ukraine!

Existing Octopus customers who have been with Octopus for more than 8 months can get a slightly cheaper deal on the Loyal Octopus tariff which is 27.59p per kWh for electricity and 8.47p per kWh for gas. The gas price per kWh is still higher than the expected new price cap but you could just take the Loyal Octopus fixed tariff for your electricity supply.  It’s below the expected April price cap and is fixed for 12 months. The gas price is higher BUT it will be set in stone for 12 months and you don’t have to worry about a price increase in October. It’s a case of weighing up what is best for you.

If you own an electric vehicle and have a smart meter you may be in luck. 

If you have a smart meter and an electric vehicle you should definitely consider the Octopus Go tariff !! (You could also consider the Intelligent Octopus tariff if you have a Tesla or own a Wallbox EV charger)

Octopus Go is a tariff designed for EV charging at home. The daytime rate is higher than the  April price cap BUT it is fixed for 12 months. So the price will not increase again in October if the price cap should rise. You will also get 4 hours of off-peak charging at 7.5p per kWh. The off-peak rate isn’t limited to EV charging so between 00.30  and 03.30 you can fill your boots and preset lots of white goods to make the most of cheap electricity.

Back to my dilemma. Should I fix a new gas tariff now before the April price cap?

It is all a gamble I am afraid. I usually have a definite answer but if I gamble and roll onto the Octopus Energy flexible tariff which is protected by the price cap I will pay less than the next fixed but only until October. My unit price per kWh of gas will double but if I take the current Loyal Octopus tariff it would almost treble in price!

I could turn my central heating off in April and get the kids to wear jumpers. We could only use gas for an hour a day to heat the hot water. I would have a guaranteed price of 8.94p for 12 months. This could take me through next winter avoiding any more rises if the price cap goes up in October 2022. Either way, it is going to mean bigger energy bills it’s just a case of trying to minimise the impact.

My energy use peaks in the winter.

As this chart shows, I use very little gas during the summer months but it increases dramatically when I turn the heating on in October. The bar chart is taken from my Octopus Energy dashboard.

my gas use data

I am swinging towards fixing my gas tariff! The flexible tariff is cheaper BUT I really hate not to have a fixed energy price. Hmm…I am going to carefully watch the prices like a hawk and if I do fix and prices drop I will email Octopus and take the cheaper tariff!!

The Octopus fixed tariffs haven’t changed since mid-December when wholesale energy prices spiked. Maybe they will go down a little towards the end of the month. If I do fix my energy tariff I will be watching the Octopus tariffs and if they drop further I will switch to the cheaper one. The last time I did this it took less than 24 hours to get the deal.

If you are in a similar dilemma remember;

  • You can switch tariffs at any time you don’t need to wait for your fixed deal to come to an end.
  • There’s no admin fee.
  • You can switch from a fixed tariff to a flexible tariff with Octopus. (I think other suppliers make you wait until your fixed term ends. You will need to check.)

On a plus, the planet is probably cheering as I will produce less C02. 😀🙊🌍

Where can you find the up-to-date Octopus Energy tariffs?

At the moment you can’t get a new customer online quote from Octopus. All the comparison sites are unable to provide any quotes either BUT you can find the current tariffs on the Octopus Energy website. You just need to scroll down through the list of current tariffs. Here is the link. Don’t click on “Request a quote” just enter your postcode and a list of current tariffs will be displayed below.

I keep my Octopus tariffs page updated each day so it’s quite easy to find out if energy prices have dropped and it is time to fix a deal.

Making a decision to fix or stick is so personal, you have to consider what is best for your energy needs now. So many peoples circumstances are different. I hope my post has helped.

It is important to remember you can switch to a new Octopus tariff at any time. It takes a quick email or phone call and it is done. So if prices drop you can switch to a cheaper tariff.

Is there going to be any government help?

From what I have read today the government aims to fund a flat £200 rebate loan for electricity on the 1st of October. There is no mention of Gas! This will be repaid back at £40 a year for 5 years. How this will be implemented we are yet to find out.

My concern is that the April energy price cap isn’t a 54% increase on both gas and electricity prices. It seems more like a 75% increase in gas and a 33% increase in electricity. Plus the help being offered is for electricity only. When we all turn on our central heating, unless you have a heat pump, our gas bills are going to skyrocket next winter.

I may be wrong about the government help being limited to electricity but I am sure we will find out more today and I will update this blog post.

Update 3rd March 2022

I made the decision to take a fixed tariff for my gas supply with Octopus Energy. I would pay less if I did nothing and let Octopus put me on their default tariff which is the Flexible Octopus tariff but I am really worried about how the war in Ukraine will impact energy prices, in particular my gas tariff.

Martin Lewis has advised people that they will pay less if they stay on the energy price cap BUT if prices keep soaring the energy price cap may rise a lot more than 20% in October. No one has a crystal ball so it is really difficult to predict what will happen in the months to come.

October 2022 price cap predictions.

The Cornwall Insight yesterday increased its forecast for the energy price cap in October 2022. Martin Lewis also uses this data but it has increased since his latest advice this week. The new forecast predicts a £929 rise in the October price cap. This is on top of the April price increase. If the prediction is correct the new energy price cap in October will increase from £1971 to a whopping £2900 a year!

If the predicted price increase is shared equally between gas and electricity we could see gas prices being capped at roughly 11p per kWh and electricity at 42p per kWh in October. The increase, however, will not be equal. In April gas prices took the biggest preparation of the 54% energy price cap increase. This is why I am really worried about my gas tariff. It would be well over 11p a kWh if I stayed on the

energy price cap. Some analysts are even saying that the energy price cap could reach over £3,200 a year on today’s news!

The Cornwall Insight also predicts a drop in the price cap in the summer of 2023 which is at least light at the end of the tunnel but that once again could change!

It is a really personal decision what you should do in terms of your energy tariff. No one can tell what will happen. I was worried about Ukraine last month but never envisaged they would really invade. It is heartbreaking! Just remember the energy prices can go up as well as down. If you fix your Octopus tariff remember you can switch to a new tariff at any time. I hope this information has helped. Stay safe! 💚

8th March 2022

Prices have increased today please see my Octopus tariffs page.


octopus energy cashback

 

 

 

 

 

 

 

 

Energy Crisis – Government Help.

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Big announcements are expected tomorrow.

The energy price cap will increase in price on the 1st April 2022. Tomorrow, 3rd February 2022, we will find out how much that will be. The energy price cap is currently approximately 21p a kWh for electricity and 4p a kWh for gas but is expected to rise by over 50%.

To be honest I just want the announcement to be over! It is such a worrying time for everyone. I am assuming this is why the announcement has been brought forward.

Without having the figures confirmed there is speculation that someone on typical energy use (3 bedroom property) could expect to see their energy bill to go up by around £600 a year! That’s a staggering amount of extra money to find.

Is there any positive news?

The government is also expected to announce measures to help soften the blow of the energy crisis tomorrow. As I understand it they will hand over a whopping 6 billion pounds to UK energy firms. This will then be used to reduce energy bills.

It isn’t clear quite how this will work but I am sure we will find out soon. I hope that the cash injection will mean Octopus can offer a new fixed rate tariff that is less than the April energy price cap. Customers will then be able to lock in an energy price that will see them through to the spring of 2023.

I have no idea if this will happen but I really hope it does!! Russia is still causing problems around Ukraine and who knows what could happen in the future!

I’ll keep you posted.

I will update my Octopus tariffs page if any new Octopus fixed rates become available. I am hoping that like British Gas the Octopus online quotation system will come back online very soon.

Fingers crossed for some positive news!!

octopus energy cashback

 

 

 

 

 

From today you’ll get paid more to export excess energy with Octopus.

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OCTOPUS OUTGOING TARIFFS PRICE INCREASE.

At 12am today Octopus Energy increased the rates for its SEG and Fixed Outgoing tariff.  It has been a long time coming and will be well received by customers.

The Smart Export Guarantee (SEG) tariff will increase from 3p per kWh to 4.1p a kWh. Whilst the Octopus Outgoing Fixed will increase from 5.5p per kWh to 7.5p per kWh.

For those who have invested in green energy solutions at home and have excess energy, they can sell this has to be a little bit of positive news in the energy crisis.

The Octopus Outgoing tariffs have remained the same for as long as I can remember. With wholesale energy prices reaching record highs this year it’s only fair that’s the domestic export tariffs should rise too.

Read more about Octopus Outgoing tariffs. 

Is it worth selling my excess energy?

I don’t yet have solar panels but if I did I think I would be looking into the possibility of battery storage. The price of wholesale energy has tripled domestic tariffs in the last 12 months. Octopus has made the right call to increase its export rates. Personally, however, I would be clinging onto as much free energy as I can. It depends on how much excess energy you have.

Holding onto your solar energy for personal use and timing when to export your excess energy in my opinion is the key. Today as an example, you can export your energy to the national grid and get a minimum of 12p per kWh at 3.30 am and a maximum of 18.4p per kWh at 6 pm on the Octopus Outgoing Agile tariff.

The key thing to remember is that you don’t need to be on the Octopus Agile tariff to take advantage of the Outgoing Agile tariff. You just can’t be on Octopus Go and you have to have an import tariff with Octopus Energy.

Each persons circumstances and energy needs are different. Simply generating your own free energy at home, now more than ever has to prove that solar is the, without doubt, the way to go!