Octopus Energy Agile Tariff Review.
The Octopus Energy Agile tariff is a forward-thinking green energy tariff designed for the 21st century. It is based on up-to-date wholesale energy prices which change every 30 minutes. The Agile tariff aims to reward customers for using energy during off-peak times. If customers want to help decarbonise the national grid by shifting their energy use it can help them save money and the planet. What’s not to love about this? Bravo Octopus!!Octopus
What are Octopus Energy Smart Tariffs?
Octopus Energy offers a range of different smart tariffs, to help us make the national grid cleaner and greener. The innovative tariffs help customers really take control of their energy consumption and prices. They are quite revolutionary but you will need a smart meter installed. All Octopus Energy household tariffs can be taken out as dual fuel or electricity-only plans, but gas-only tariffs are not available.
Can you Shift your energy use outside the 4-7 pm peak to save money?
Octopus Agile 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 there is an excess of green energy and wholesale prices go negative could even pay you to use energy!
This tariff also lets you take advantage of all your smart plugs and devices like Amazon Alexa so you can choose to use home appliances such as your washing machine and dishwasher when energy is cheapest. More importantly, you can use energy when there is less demand on the grid or there is an excess of energy making it far greener.
How do you know how much you will pay per kWh?
After 4.30 pm each day Octopus Agile customers are able to check energy prices for the following day either online or through the Octopus Energy app. This allows customers to find the cheapest windows for their energy use. There is always a surge in domestic energy use between 4 pm and 7 pm, so Agile energy prices rise. As a customer, all you need to do is adjust your consumption so you avoid these peak times in order to reduce your energy bill. While extreme price spikes are rare and short-lived, they typically last 30 minutes to an hour.
On the 28th of November, the Agile tariff was updated to Octopus Agile November version 1.
There is a cap of £1 per kWh on this version of the Agile tariff and you receive the Energy Price Guarantee discount.
The EPG discount will apply whenever Agile unit rates go above the base EPG level (34p / kWh on average, but this does vary regionally).
For example, a unit rate of 80p / kWh would be reduced to 62p / kWh.
The EPG is also applied after the maximum unit rate cap. This offers an additional saving for Agile customers against high wholesale unit rates.
For example, a unit rate of 120p / kWh is capped at 100p / kWh, then the EPG discount reduces this to 82p / kWh.
Just remember you can switch to the Octopus flexible tariff at any time if prices become too high.
You can read an explanation as to how the energy price guarantee affects the Octopus Agile tariff in this Octopus blog post.
Octopus Agile Bills
At the end of the month, Agile customers receive a statement. The front page looks like your typical energy bill, but for those who like more detail, there is also a full line-by-line breakdown of customers’ daily consumption by each half-hour, summarised for each day with a graph and their average price per kWh. This should also include any discount applied as part of the Energy Price Guarantee.
Octopus Agile tariff price on Tuesday 6th December 2022
This is the November version 1 of the Agile tariff.
Min: 34.0p per kWh (00.00)
Max: 81.6p per kWh (16.30)
Average: 51.6p per kWh.
Av. Excluding Peak times: 47.9p per kWh
Cheapest 4hrs: 35.3p per kWh
Peak Time 1600 – 1900: 76.0p per kWh.
The prices are based on national average prices per kWh.
Octopus Agile Prices over the last 7 days.
I have highlighted the cheapest 4-hour period just in case anyone is considering Agile for charging an EV or battery storage etc. The average price per kWh per day is also included.
|Octopus Agile Tariff.||Cheapest 4 hours.||Average price kWh||Cheapest price 30 minutes.|
|National Average Price of Energy.||Energy Price||Energy Price.||Energy Price.|
|Tuesday 06/12/28||35.3p per kWh.||51.6p per kWh.||34.0p per kWh.(00.00)|
|Monday 05/12/22||34.6p per kWh.||50.5p per kWh.||34.1p per kWh (04.30)|
|Sunday 04/12/22||34.3p per kWh.||42.2p per kWh.||34.3p per kWh (04.30)|
|Saturday 03/12/22||35.2p per kWh.||45.6p per kWh.||34.6p per kWh.(04.30)|
|Friday 02/12/22||38.9p per kWh.||53.7p per kWh.||37.5p per kWh.(00.00)|
|Thursday 01/12/22||37.0p per kWh.||58.0p per kWh.||35.0p per kWh.(03.30)|
|Wednesday 30/11/22||34.6p per kWh.||50.1p per kWh.||34.4p per kWh.(01.30)|
|Average price per kWh over 7 days.|
If you keep an eye on the cost of your energy you can always switch tariffs eg Octopus Agile in the spring, summer, and Autumn, and then Octopus Fixed tariff or Go in the winter when there is very little solar activity. It is really easy to switch between tariffs. It just depends on how much time you want to spend being a little more creative with your energy use.
Compare Octopus Fixed Tariff to Octopus Agile.
This is based on a quote for an Octopus Fixed tariff in my geographical area and the national average price per kWh on the Agile tariff.
|Energy Price 06/12/22|
|Octopus Energy Price Guarantee until April 2023||Octopus Agile Tariff ⏰ - August v1|
|33.97p per kWh||51.6p per kWh (Average Price)|
|47.52p per day - standing charge.||47.52p per day - standing charge.|
Is Octopus Agile cheaper than a traditional Octopus tariff?
At the moment sometimes Octopus agile is cheaper than a traditional Octopus tariff but it’s not for the faint-hearted. You have to keep a close eye on the energy market as this could change quite quickly.
On the 20th of October 2022, the price cap on the Octopus Agile tariff increased to £1 per kWh from 78p per kWh. This has been continued in the November update of the tariff. The maximum price of £1 per kWh is currently more expensive than the flexible (price cap tariff) but prices vary depending on demand and weather conditions.
In 2020 and the first half of 2021 Octopus Agile was exceptionally cheap at times. Regularly you could get paid to use energy. The sharp rise in wholesale energy prices sadly put a stop to the dramatic price dips which made the Agile tariff financially rewarding. However, over the last few weeks prices have fluctuated. The cold snap combined with increased demand is forcing prices up and I can’t see this being short-lived.
However, if you have solar panels and can export to the national grid, the Agile tariff is currently very attractive. Octopus Agile outgoing has some staggering export rates! See the table towards the bottom of this page for today’s prices.
As a new customer, how do you switch to Octopus Agile?
As a new customer, you’ll simply have to switch to Octopus Energy and select an interim tariff before making your switch to Octopus Agile.
- Switch to Octopus Energy. (This usually takes around 17 days)
- Octopus must be satisfied that they are receiving half-hourly readings from your smart meter. (This usually happens with 14 days but could take longer)
- Your dashboard will show you can switch to Octopus Agile.
If you haven’t got a smart meter it’s a case of switching, requesting a smart meter, and waiting for an installation date to become available in your area. You’ll need a Secure SMETS1 (secure is the brand name) or a SMETS2 smart meter to switch to any of the Octopus smart tariffs.
Tip: If you have been with another supplier and you’re not sure if your SMETS1 smart meter will work Octopus look for the word “Secure”. It may be written on the front of your smart meter. Secure is a tradename. Secure also supplied meters to Utilita, Shell, OVO, E.ON, and Bristol Energy. Any other brand of SMETS1 smart meter will not retain its smart functionality if you switch to Octopus.
How can I tell if I have a SMETS2 smart meter already?
Look out for ‘GUID’ or a Device ID which looks like this: AA-BB-CC-DD-EE-FF-00-GG-ZZ on the front of the meter. If you can see a number like this it is a good indication you have a SMETS2 meter.
How does Octopus Agile work?
Octopus’ smart technology makes the Agile tariffs possible. Kraken, a platform created by Octopus enables energy providers to deliver groundbreaking half-hourly time-of-use tariffs to customers.
“Kraken is Octopus Energy’s proprietary technology, a globally scalable platform designed to drive the smart grid and greatly improve the efficiency and customer service of energy suppliers.”
Not only have Octopus created the technology that allows end-users to make use of half-hourly pricing but they also licence it too. There are several UK energy providers who pay Octopus to use their platform. There are currently over 17 million energy accounts worldwide and they are targeting 100 million accounts by 2027!
Should I switch to Octopus Agile?
I love grabbing cheap fairs with off-peak rail tickets. Sometimes it’s not as convenient just having an open day return but to save money I will happily change my travel times to save cash. Agile works in the say way to reward customers for using services off-peak and save money. The tariff could prove popular with customers who own an electric vehicle, have solar panels or storage heaters. As well as for those who want to simply use energy when there is less demand on the national grid.
When are peak energy times? Similar to my train ticket example between 4 pm and 7 pm, you’ll always get charged for using energy. Between 4 pm and 7 pm, customers are finishing work or their kids are home from school so appliances get switched on and there is a peak in demand. This is when National Grid is usually brown and not green! The price rise, like the train tickets, if you want to save cash the incentive is to wait for the peak in demand to be over.
On the upside when there is less demand on the national grid or there is an excess of green energy the price will plummet and even go negative. You will then get paid to use energy!! Octopus Agile rewards you for shifting your energy use. 💚👏🌍⏰
The benefits of switching to Octopus Agile.
- Help reduce your overall energy bill.
- Reduce the cost of using home appliances simply by shifting your time of use.
- Decrease your environmental impact.
- Help rebalance the national grid.
- Make your home energy work smarter for you and the planet 🌍
Is there an Octopus Agile Gas Tariff?
No. Octopus Agile is simply for your electricity but you can pick a standard Octopus gas Tariff to sit alongside your Agile electricity tariff. For example Super Green Gas and Octopus Agile Electricity.
Is there a minimum time you have to stay on Octopus Agile?
No, you can opt-out of the Octopus Agile tariff at any time. The switch to another tariff is usually made within a day (even within a few hours sometimes) BUT you can’t switch back to Agile for 30 days. This just makes it fair all around. Octopus has no exit fees on any of its tariffs.
Octopus Energy Agile customers in the news.
Gill was featured in recently Sunday Times. She makes big savings by charging her EV using Octopus Agile and an Ohme EV charger. In the article, Gill reported she drove 12,000 miles for £120 in her Kia e-Niro. 💃 She also makes use of price drops to save money using a variety of household appliances.
Octopus Energy customers can get a big discount on the Ohme Car charger which works well with the Octopus smart tariffs. Instead of £400, customers pay currently £199. If you are a Tesla owner you just need the Ohme App.
Washing machine & dishwasher set to do their thing in the wee small hours too.
— Gill Nowell🏡 (@Gill_Nowell) December 26, 2020
Will I get paid for exporting my solar energy with Octopus Agile?
Yes, Octopus Energy Agile Outgoing tariff currently pays customers to export electricity to the grid. You don’t have to be on Octopus Agile import to take advantage of Agile export. You just can’t be on Octopus Go.
- Octopus Outgoing matches your half-hourly prices with your day-ahead wholesale rates.
- If you have battery storage and solar you can maximise the amount you get paid for excess solar with Octopus Agile.
- Octopus Go Outgoing pays 4.1p per kWh.
For customers who regularly have excess solar energy to feedback to the grid. Just look at these fantastic Outgoing prices! (This is the price you sell your excess energy for)
Energy Price - Octopus Agile Outgoing Tariff National Average per day. Minimum: Maximum: Daily Average
Tuesday 06/12/22 20.1p per kWh (00.00) 44.7p per kWh (17.00) 30.4p per kWh
Monday 05/12/22 20.4p per kWh (04.30) 45.5p per kWh (16.30) 29.8p per kWh
Sunday 04/12/22 21.4p per kWh (04.30) 41.7p per kWh (16.30) 26.2p per kWh
Saturday 03/12/22 22.2p per kWh (04.30) 40.1p per kWh (16.30) 27.8p per kWh
Friday 02/12/22 24.4p per kWh (00.00) 44.0p per kWh (16.30) 31.4p per kWh
Thursday 01/12/22 22.8p per kWh (03.30) 58.2p per kWh (16.30) 33.7p per kWh
Wednesday 30/11/22 21.7p per kWh (01.30) 62.6p per kWh (16.30) 32.9p per kWh
Read a full review on Octopus Outgoing tariffs.
NOTE: You do not have to be on Octopus Agile to take advantage of the Octopus Agile Outgoing tariff! (for those customers who generate their own energy and can export it back to the national grid)
You will need your MCS Certificate and DNO response which you should find in your installers pack. Email [email protected] to find out more.
The eco plug works with the Octopus Agile tariff it turns appliances on when Agile prices drop/energy is greener. ✅
The National Grid has recently launched ‘The green light signal”. It’s a smart bulb that interacts with the National Grid. When the electricity in your local area starts to be supplied mainly from clean or green energy sources, such as wind or solar, the magic happens and the bulb will glow green. You could also try using the Green Signal on IFTTT. There’s an applet If CO2 Level is low. I am going to try this with my Hue Lightbulb. ✅