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Wiki Everything you wanted to know about Intelligent Octopus But Were Afraid To Ask

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Why write this post?
A lot of people are starting to get interested in IO. I don't think Octopus do a very good job of spelling out the benefits in their website. They have some FAQs, but the same questions keep coming up over and over on the forums.

What is it?
In a nutshell, IO is a split tariff that gives you a cheap off-peak rate for charging your EV and other electrical items in the household, including home batteries.

Isn’t that the same as Octopus Go or Go Faster?
The principle is the same, but in exchange for some benefits which we’ll explain, you allow Octopus to control the timing of your EV charge, so they can choose low carbon intensity and/or cheap wholesale priced time slots.

So I’m not in control of my charge? I don’t like the sound of that!
Well yes…and no. You’re in control of how much to charge and when you want the car to be ready, just like you would be normally. Within those parameters, you’re allowing Octopus to control which half-hour slots the car chooses to get to that target % charge. And you can always override IO if you want to “bump charge” through the day.

OK, but what are the benefits you mentioned for this trade off?
First of all, you get a larger guaranteed off-peak window for using household appliances and charging home batteries, etc. It’s six hours between 23:30-05:30. Go, for example, is a fixed 4 hour window.
In addition, when IO schedules your EV charging slots it sometimes creates schedules that fall outside of the fixed, six hour window. If that happens your EV charging and all your household use in these extra-slots is also charged at off-peak rates.
I have frequently had schedules give me seven or more hours of off-peak rates. On one occasion, I had a total of ten hours of off-peak rates.

Am I eligible?
You need a smart meter and a compatible car and/or charger. Since you’re reading this here, I assume you’ve got or are thinking of getting a Tesla. IO works with the Tesla API to create the charging schedules. The advantage of this is that IO will work with any* home charger. If you have a charger with smart features, you need to disable them so that the charger acts as a dumb switch. IO will control everything via Tesla’s API to start and stop your charging.
*Even your granny charger - but you need to tell IO what the max throughput is when you go through setup so that it can work out your schedules properly.

Some of this sounds too good to be true.
Phantom drain caused by having smart charging enabled in the Octopus app has been fixed as of 30th August 2022. One small side effect appears to be that schedules sometimes take longer to appear in the app after plugging in.

Further questions (to be updated in the main thread body once the edit timer on this post expires)

I have two EVs, can I charge the other while on IO?

Not with IO scheduling the charging, but you can charge any other car in the fixed 23:30-05:30 off peak window or at any other time at peak prices.

What are the rates etc?
Octopus do a decent job of explaining the peak and off-peak rates along with contracts etc. Head over to their pages to discover that.

I asked for a target % of x, but I got less than x.
There are two or three reasons for this.

The first, most common reason, is that Tesla reports battery % differently depending on where you look. The API (that IO uses) reports the gross battery %. This is generally fixed but can fluctuate very slightly. The Tesla app shows usable %. Apps like Teslamate and Teslafi can display both. Quite often, there is a delta of 2-3% which may be down to battery temp or other factors. This usable % will often be recovered as the battery warms up during a drive.

Some users have reported charging % being way off, perhaps 10% or more. This could be down to an error in the onboarding process. Some of the charger database entries incorrectly assume the charger you are onboarding is the 11kW version, without actually saying so in the charger description. The Andersen A2 was an early example of this. If you suspect this may be the case, the easiest thing to do is go through the on-boarding again and choose "Generic 7.4kW charger". It won't affect your functionality on IO in any way.

Lastly, it has to be mentioned that occasionally IO just craps out. It may be down to a comms error, a server error at Octopus' end, or just reasons. IO is a beta product and it's wise to expect one or two quirks from time to time
 
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I've received an email from Octopus offering my new IO rates from June when my current fix ends. offpeak the same, but peak and daily charge up quite a bit. Any advice on whether this seems a lot?

So what does it all cost?
Your current Intelligent Octopus prices
Peak unit rate: 35.11p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 37.65p / day
Estimated annual cost (electricity only): £1,587.48

We've based your estimate on your historical half-hourly usage pattern - that's 3,293 kWh during Intelligent Octopus peak times and 3,918 kWh during Intelligent Octopus off-peak times.
Your new Intelligent Octopus prices
Peak unit rate: 41.65p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 42.01p / day
Estimated annual cost (electricity only): £1,818.71
Flexible Octopus prices
Peak unit rate: 45.03p / kWh
Off-peak unit rate: 16.31p / kWh
Standing charge: 42.11p / day
Estimated annual cost (electricity only): £2,103.53
Check their numbers, they've historically been completely wrong. The Flexible one being based on the "average house", whereas the IO is based on your actual usage.

Otherwise seems entirely reasonable to me. I'd try using your usage and comparing with one of their other tarrifs, eg. Tracker. That's about 20p/unit flat rate... which while more expensive than 7.5p may be offset by the 41p, and for your usage above works out at £1442 + standing charge (£153?).
 
I've received an email from Octopus offering my new IO rates from June when my current fix ends. offpeak the same, but peak and daily charge up quite a bit. Any advice on whether this seems a lot?

So what does it all cost?
Your current Intelligent Octopus prices
Peak unit rate: 35.11p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 37.65p / day
Estimated annual cost (electricity only): £1,587.48

We've based your estimate on your historical half-hourly usage pattern - that's 3,293 kWh during Intelligent Octopus peak times and 3,918 kWh during Intelligent Octopus off-peak times.
Your new Intelligent Octopus prices
Peak unit rate: 41.65p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 42.01p / day
Estimated annual cost (electricity only): £1,818.71
Flexible Octopus prices
Peak unit rate: 45.03p / kWh
Off-peak unit rate: 16.31p / kWh
Standing charge: 42.11p / day
Estimated annual cost (electricity only): £2,103.53
Not sure if you are aware but there has been something of an energy crisis? :)
until last week the off peak was 10p its just dropped for everyone so you have escaped that.
the day rates have also dropped (but vary by area) mine went down from 42p to 39.5p so it could be you live in a pricey area or the day rate might be out of date check here to see by entering your postcode:


the web site is also quoting 52p per day standing charge for me not 42p so not sure why that is different either
 
Otherwise seems entirely reasonable to me. I'd try using your usage and comparing with one of their other tarrifs, eg. Tracker. That's about 20p/unit flat rate... which while more expensive than 7.5p may be offset by the 41p, and for your usage above works out at £1442 + standing charge (£153?).
FYI, there's still a 6 month waiting list for Tracker, so don't put too much stock in the price of that in the short term. I've been on the waiting list for 3 months so far & they won't give me any update other than "there's a waitlist, you have to wait".
 
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Reactions: phil4
Thanks yes noticed the times changed today midway through the additional slots….

Does anyone know if, when additional slots are scheduled, do they still apply if you then unplug the car? Not something I have tested yet without looking at a bill.

Last few days, I have been getting offpeak slots most of the day from midday. Been working it with keeping car charging.
AFAIK if you unplug the car the schedule disappears. So that’s it for cheap rate.

I left mine plugged in for the whole duration and it completed the charge to the required 90% as was set. It was charging randomly within the time windows but that’s the point of it. Happy for it to do its thing and balance the grid…

Meanwhile I used as many other appliances as possible within the 16h smart schedule 😂
 
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I've received an email from Octopus offering my new IO rates from June when my current fix ends. offpeak the same, but peak and daily charge up quite a bit. Any advice on whether this seems a lot?

So what does it all cost?
Your current Intelligent Octopus prices
Peak unit rate: 35.11p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 37.65p / day
Estimated annual cost (electricity only): £1,587.48

We've based your estimate on your historical half-hourly usage pattern - that's 3,293 kWh during Intelligent Octopus peak times and 3,918 kWh during Intelligent Octopus off-peak times.
Your new Intelligent Octopus prices
Peak unit rate: 41.65p / kWh
Off-peak unit rate: 7.50p / kWh
Standing charge: 42.01p / day
Estimated annual cost (electricity only): £1,818.71
Flexible Octopus prices
Peak unit rate: 45.03p / kWh
Off-peak unit rate: 16.31p / kWh
Standing charge: 42.11p / day
Estimated annual cost (electricity only): £2,103.53
Grab a copy of Octopus Compare and plug in the numbers is my advice. Spoiler alert; it'll tell you to stick with IO.
 
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Reactions: Leejmoff
Grab a copy of Octopus Compare and plug in the numbers is my advice. Spoiler alert; it'll tell you to stick with IO.

The IO bills also give the average rate you have paid per kWh during the billing period. Presumably if that average rate is less than whatever standard single rate tariff you are considering, IO is the cheaper option? I do quite a lot of vehicle charging (20k miles per year) and load shift as much as possible into the cheaper rate window - we have got our average rate down to about 14p per kWh (7.5p off/39 peak). The standard tariff is going to have to fall a hell of lot before it even comes close to competing with that!
 
Going to switch from Go Faster to IO tomorrow when my current fixed rate expires. It's going to be a massive overall increase for me as Octopus messed up at my renewal last year and didn't inform me in time, so I got to stick with the previous years rates which were 25p standing charge, 12.93p peak and 5p off peak (20:30 - 00:30)!

Estimating my annual (electricity only) bill is going to increase from £820 - £2470 :-(
 
Going to switch from Go Faster to IO tomorrow when my current fixed rate expires. It's going to be a massive overall increase for me as Octopus messed up at my renewal last year and didn't inform me in time, so I got to stick with the previous years rates which were 25p standing charge, 12.93p peak and 5p off peak (20:30 - 00:30)!

Estimating my annual (electricity only) bill is going to increase from £820 - £2470 :-(
We feel your pain mate !
Some of us have been paying almost tripple that amount for the last year already 😬
At least you missed most of it and prices should start to come back down a bit soon.
 
I moved over to IO a few days ago, just a few days before my Go Faster is due to expire. All I did was the test charge in the app and all has been fine.

Should I have received an email to say I have signed up? My tariff on the app still stays Go Faster and says I have 2 days to go even though it wasn’t due to end until 30th. So I make that 4 days.

Is there something I have forgotten to do? Am I still getting the Faster tariff even though on IO now?
 
Not had an issue prior but I plugged in when I got home at 6pm and octopus is yet to schedule my charge tonight. I’ve tried starting and stopping a charge in the Tesla app to wake it up but still nothing.

Any ideas?
I find disabling/re-enabling Smart Charging in the Octopus app (Account & Settings > Devices > Intelligent Octopus > Smart Charging) normally gets me a schedule within a few minutes...

Good luck!