NewbieT
Active Member
Thanks be to the Agile price cap. 6:00-7:00pm is an eye watering 600+ £/mWh.
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Or even standard rate suppliers on 14p kWh. Some losses. At least Octopus can recoup ‘some’ at 35pI wonder how much money that cap costs Octopus...
I run a spreadsheet that calculates my daily savings/excess of the Agile tariff compared to GO and other tariffs. On Agile I am still well over £100 better off and although recently that figure has been reducing, when the savings do come they come in big. One stormy night is all that's required...Told my friend who was on Agile to switch to Go, which he was able to do the same day with it taking effect at midnight.
Agile really has been pants the past few days.
Tonight however, we shall huddle around the candle.
I run a spreadsheet that calculates my daily savings/excess of the Agile tariff compared to GO and other tariffs. On Agile I am still well over £100 better off and although recently that figure has been reducing, when the savings do come they come in big. One stormy night is all that's required...
Tonight however, we shall huddle around the candle.
Agile is better tomorrow than it has been, but Go @ 14.29p / kWh is still as good as if not better for a significant portion of the day.I run a spreadsheet that calculates my daily savings/excess of the Agile tariff compared to GO and other tariffs. On Agile I am still well over £100 better off and although recently that figure has been reducing, when the savings do come they come in big. One stormy night is all that's required...
Tonight however, we shall huddle around the candle.
Yes, but.... £4000/MWh??
Yes, but.... £4000/MWh??
Not hedged for Agile customers, according to their blog...NatGrid tut tut tut. Our nuke fleet should be generating more! This week has been one of the darkest (Pricing bonkers far greater than beast from the east and french nuke shudown).
Thankfully one would imagin Octopus don't leave too much to imbalance where they would pick up the 4k MWh. Most would be hedged, and bought on the prompt. Prob a lot traded through EPX and N2EX day ahead auctions.
Not hedged for Agile customers, according to their blog...
And I still think we need a lot more nukes.
In that case it'll be traded through either the HH and hourly auctions. However I can't see why they wouldn't want to hedge for Agile customers. If you had reasonable cause to think the current market for forward contracts was bearish and would become bullish closer to delivery why wouldn't you want to trade the position out! I suppose if prices were 'stable' you wouldn't need to; but this year where we've seen the max ceiling of 35p KW/h being hit a few times and by quite a bit. This would hurt them.
And yes, more nukes!
Isn’t the point of Agile that the customer is taking the risk, Octopus are just marking up the wholesale price. Which is why it’s cheaper. Once you start hedging you’ve got to cover the risk you’re hedge doesn’t pay off.