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Agile plunge pricing predictions
- Thread starter philgods
- Start date
ACarneiro
Active Member
One storm for some wind generation and some good pricing.
Then back to normal spot gen and expensive prices. One night of low prices make's all the 35p time worthwhile
Then back to normal spot gen and expensive prices. One night of low prices make's all the 35p time worthwhile
One storm for some wind generation and some good pricing.
Then back to normal spot gen and expensive prices. One night of low prices make's all the 35p time worthwhile
I couldn't stomach Agile if I didn't have the battery to offset.
Over the last 12 months I'm still in pocket with Agile by £78 however today with over 50% of UK consumption being supplied by wind & solar I expected the rates to be much lower.
OK tonight is good and well overdue but tomorrow is back to being horrible with that £78 being whittled away with a vengeance.
No wonder small energy companies are having problems surviving, the market has gone silly.
OK tonight is good and well overdue but tomorrow is back to being horrible with that £78 being whittled away with a vengeance.
No wonder small energy companies are having problems surviving, the market has gone silly.
Octopus' Blog about Agile prices is surprisingly readable Wholesale energy price watch
I'm not really sure I understand, I would have though that the 'flexibility crunch' would also lead to lower overnight prices when renewables are high and demand is low, but it's not working out like that.
I'm not really sure I understand, I would have though that the 'flexibility crunch' would also lead to lower overnight prices when renewables are high and demand is low, but it's not working out like that.
I gave up on Agile back in February, Go seems the happy mix for me right now, with increasing car use and general low use for home. Plus I don't miss that evening peak.
@Mr Miserable Great to hear your still saving, my avg was more skewed as I'd only been on it a few months I suspect.
Interesting blog post and it does go to show how complicated the energy market is. Especially now with the hunt for greener energy.
@Mr Miserable Great to hear your still saving, my avg was more skewed as I'd only been on it a few months I suspect.
Interesting blog post and it does go to show how complicated the energy market is. Especially now with the hunt for greener energy.
I tried Agile at the start of April and lasted two weeks before switching back to Go. I honestly can’t see how the product, with today being a very rare exception, is anything other than seriously uncompetitive
Rates on most days range between 11-35p /kwh and even with a battery I found myself fighting a losing battle - and not even close. With the market price pressure heading ever upwards I can’t see how Octopus will be able to keep offering the product for much longer as surely they’ll have no one using it?!
Rates on most days range between 11-35p /kwh and even with a battery I found myself fighting a losing battle - and not even close. With the market price pressure heading ever upwards I can’t see how Octopus will be able to keep offering the product for much longer as surely they’ll have no one using it?!
On the contrary, Agile is here to stay and E.On are about to launch their own variant. If the market doesn't rebalance soon, Go prices will increase.
Yes, Go is looking like a heck of a deal right now. Way cheaper than Agile for me and much more convenient. Unfortunately I think you are right that the price may have to go up a bit because Octopus can’t be making much money on it.
Cnixon
Member
MrBadger
Badger out
Tomorrow my Agile export tariff should be coming online, which means I can elect to dump some of my battery back into the grid if I fancy a bit of brokerage action.
For anyone that does this, what inverter losses do you factor in to your calculations for the round trip? Is something like 20% considered enough, or more like 30%?
I know Powerwalls are very efficient but you don't have the option to electively export.
For anyone that does this, what inverter losses do you factor in to your calculations for the round trip? Is something like 20% considered enough, or more like 30%?
I know Powerwalls are very efficient but you don't have the option to electively export.
Cnixon
Member
Thanks. So my take is Agile can only be worthwhile if you have a battery storage system. You are in effect being arbitrarily penalised by Octopus for assisting the management of the grid. The wholesale price fluctuates by a few pence not 25+ pence. The competition will come from who penalises you less. I pay a flat rate (all day) of 12.214p/kwh + 20p/day. I can charge, cook anytime and typically use 8500 kwh/y day and 7500 kwh/y at night (high user). Am I missing something?
For me personally there's 2 factors:
1 - It's made me very aware of electricity generation and how the weather and usage patterns also influences those, and has made us very mindful of when we use electricity and how much we use.
2 - This has lead to cheaper bills than our old electricity provider.
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