Octopus paid to use (1 Viewer)

[Bessy765]

Hi if you are on the Octopus Agile Tariff you will be paid to use power from 10:30 to 15:00. Not much but it’s great if you are a heavy user or like us have battery storage.

 

[Bolti]

Ooh interesting one, I am on agile and am also signed up to the free energy sessions, today between 1&2. So will they pay me for the kWs used or get them free?

 

[Bessy765]

Yes you will get paid for any EXTRA power you use above your normal consumption plus being paid for any period with a lightning flag next to it.

 

[HKF]

Just wondering......if you start to use more energy between those hours, will they then say you're not using above your normal consumption any more and so stop paying you between those hours....because the extra you're now using has become the norm?

 

[Bessy765]

No it’s only for the duration of that hour above your normal use. Taken over the last thirty days.
You can look back on the Agile Watcher app and check. The one hour is a bit of a gimmick but with our set up we don’t use the grid between May and September but use that hour as a boost and when they are paying you to use we use electricity to heat our storage tank instead of the gas. It’s only a small amount of gain but I just like playing them at their own game.

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[dunnah01]

I may be a bit grumpy but surely they should be using the money to invest in their own storage systems to reduce cost at peak times rather than paying to get rid of some hypothetical excess

 

[starquake]

I may be a bit grumpy but surely they should be using the money to invest in their own storage systems to reduce cost at peak times rather than paying to get rid of some hypothetical excess

It's more Octopus avoiding having to pay British Gas to take their power imho. Remember Octopus own more renewable power than the rest of the big 6.

 

[dunnah01]

It's more Octopus avoiding having to pay British Gas to take their power imho. Remember Octopus own more renewable power than the rest of the big 6.

Agreed - The system is not there for the consumer. If they raise the prices by the predicted 9% I'll really rant and stamp my feet before having to pay anyway

 

[starquake]

Still managing to charge car and get paid for it today, life isn't too bad . It'll annoy the petrol heads to say, when was the last time you went to a Petrol station and was paid to put fuel in?

 

[StitchUp]

There's an app - Octopus Watch that provides rates 24 hours ahead - very useful
Hot tub on full

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[Two on Tour]

There's an app - Octopus Watch that provides rates 24 hours ahead - very useful
Hot tub on full

The same day and next day Agile information is available on the Octopus app and website and I find it easy to read than the Octopus Watch app, but I do like having a look at the Octopus Watch app to see how I'm getting paid for the previous days exported solar.

 

[starquake]

The same day and next day Agile information is available on the Octopus app and website and I find it easy to read than the Octopus Watch app, but I do like having a look at the Octopus Watch app to see how I'm getting paid for the previous days exported solar.

I quite like agileprices.co.uk -> it's a nice easy infographic of if the prices on a monthly and daily basis are higher than a normal tariff for me.

 

[Two on Tour]

I normally use https://energy-stats.uk/octopus-agile-east-midlands/ on the PC at home.

 

[dunnah01]

Still managing to charge car and get paid for it today, life isn't too bad . It'll annoy the petrol heads to say, when was the last time you went to a Petrol station and was paid to put fuel in?

It'll only make a small dent in the inflated purchase price and resale value though

 

[starquake]

It'll only make a small dent in the inflated purchase price and resale value though

You know they are less than petrol cars now?

Resale value is only relevant if you plan to sell. I have no plans to sell, best car we've owned.

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[dunnah01]

You know they are less than petrol cars now?

Resale value is only relevant if you plan to sell. I have no plans to sell, best car we've owned.

A base Ducato is £28k, a base e-ducato is £66k - not totally convinced

 

[gus-lopez]

Still managing to charge car and get paid for it today, life isn't too bad . It'll annoy the petrol heads to say, when was the last time you went to a Petrol station and was paid to put fuel in?

Only if you agree with inducements. I don't do interest on savings, bank accounts, unearned income ,all wrong.
I prefer to pay for what I use

 

[starquake]

A base Ducato is £28k, a base e-ducato is £66k - not totally convinced

Van's are one of the few things where demand is still exceeding supply (something to do with Amazon etc buying them ALL years in advance). Also combined with Van's needing larger battery for same miles (meaning 2x cars in same battery) means they do cost double.

Van's will drop as will others as China enters market more (they still have massive domestic demand) -> there was a Chinese van I think I linked here 12 months ago being sold at a ridicolous lease price ...

Ducato's (and Mercedes) vans are the anti-example.

That said, personally I considered buying one if my next work venture doesn't work as the maths does work out reasonably (I have a van driver friend who spends > £14k on his annual fuel billl, which would be about £1k of electric).

 

[starquake]

Only if you agree with inducements. I don't do interest on savings, bank accounts, unearned income ,all wrong.
I prefer to pay for what I use

It's a half hour billed tariff. And it's wholesale price with an open, published algorithm (the actual algorithm is on the Octopus website).. It just happens to go negative from time to time. Unlike a fixed tariff where the calulations are opaque you can work out prices yourself based on how windy it is ... and quite a few have, there are Agile prediction websites these days (and apps).

I don't think there IS more of an pay as you use tariff thats fairer and LESS inducements. Remember it's available to ALL, it's not ev owners, or battery owner specific.

I think if you want to pay for what you use, you don't want a fixed tariff, as thats basically meaning you are wanting to provide subsidy youself (as thats what a fixed tariff is, it's a subsidy, where you are paying the energy company EXTRA to assume all your use is in peak periods, as thats what the majority of customers want). People on Agile just want to pay the price of energy that moment in time, NOT the peak period.

But I've made that point before!

 

[pagey]

Lots of free electric tomorrow

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[gus-lopez]

£14k on his annual fuel billl, which would be about £1k of electric).

but all is tax deductable + you aren't getting the vat back on the electric?

 

[starquake]

but all is tax deductable + you aren't getting the vat back on the electric?

Yes, it's tax deductable, but that doesn't mean free. And the vat reclaim will still happen on public charging, just not home (as thats not possible).

I know I'd prefer the money in my pocket than being tax deducted against my profit for year. The money spent on the fuel could in effect be spent on the next van, maintaince or any other deductable activity instead and in terms of profit, it's pretty much clear profit.

Thats why the EV vans are so popular, the margin on running them is so insane, it repays the price premium INSIDE 3 years.

 

[StitchUp]

Hot tub on until 4pm today

 

[pagey]

We are going to need a new washing machine and a new pressure washer at this rate

 

[MisterB]

Free for us today 12-2.30 ...

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