camelot-forum.co.uk

How much is Octopus charging their customers this Bank Holiday

they are paying me
09:30 - 10:00 6.88p/kWh
10:00 - 10:30 6.5p/kWh
10:30 - 11:00 5p/kWh
11:00 - 11:30 4.83p/kWh
11:30 - 12:00 5.47p/kWh
12:00 - 12:30 5.38p/kWh
12:30 - 13:00 4.94p/kWh
13:00 - 13:30 5.28p/kWh
13:30 - 14:00 3.46p/kWh
14:00 - 14:30 3.68p/kWh
14:30 - 15:00 4.24p/kWh
15:00 - 15:30 3.68p/kWh
15:30 - 16:00 4.06p/kWh
16:00 - 16:30 11.66p/kWh
16:30 - 17:00 13.76p/kWh
17:00 - 17:30 15.24p/kWh
17:30 - 18:00 16.67p/kWh

While last year the 10th of April 2022 the rates they paid were

10:00 - 10:30 16.94
10:30 - 11:00 18.22
11:00 - 11:30 16.94
11:30 - 12:00 17.13
12:00 - 12:30 17.33
12:30 - 13:00 17.22
13:00 - 13:30 17.22
13:30 - 14:00 16.94
14:00 - 14:30 16.94
14:30 - 15:00 16.94
15:00 - 15:30 16.94
15:30 - 16:00 17.69
16:00 - 16:30 25.52
16:30 - 17:00 27.01
17:00 - 17:30 27.48
17:30 - 18:00 28.51
18:00 - 18:30 29.12
18:30 - 19:00 27.76
19:00 - 19:30 23.07
19:30 - 20:00 21.83
Where are we going to be in 3 months time ?

Your talking Agile export here ?,

There are a couple of reasons,

1) Today is the Easter bank holiday, so very low demand and its windy. This time last year was not Easter and a working day (wed) so higher demand and there was much less wind.

This year 10/04/23



Last Year 10/04/22



2) The day ahead wholesale prices are currently half what they were last year.

Maybe today may have been an exceptional day.

I will do another day

I was able to capture today's rates but the rates have been consistently much lower than last year.

I can access last years daily rate from my bills

Choose any day in Feb or March up to the 11th of March and we will see.

You need to go back to Aug 2021 to compare like with like as thats the last time energy wholesale prices were as low as they are now. My gas tracker tariff has been 5p / kWh for a couple of months now.

If you'd jumped into Solar back in the early days, 2011 in my case, you would be getting paid in excess of 70p for all units generated (including the 50% deemed export) from this month.
We'd paid off the initial outlay including a new inverter (£16500) by Feb 2020. We've used the FIT profit to install 10.5 Kw of batteries and we are still in the black.

I'm on the standard flexible tariff at home, and as we are also at work (business rates).

My home tariff is 33.5p/kWh at the moment, 47.95p/day standing charge.

I noticed that the business supply tariff fell this week to 38p/kWh from about 50p/kWh which is interesting.

The next OFGEM price cap release late next month will show a very large decrease for July, subject to WW3 not breaking out. The price cap is a moving average of the past 3 months.

Retail prices are likely to be around 5p / kWh (gas) and 20p / kwh (leccy) later in the year. The wild card is if China starts importing massive amounts of (non russian) LNG again.

nowty wrote: ↑Mon Apr 10, 2023 6:11 pm The next OFGEM price cap release late next month will show a very large decrease for July, subject to WW3 not breaking out. The price cap is a moving average of the past 3 months.

Retail prices are likely to be around 5p / kWh (gas) and 20p / kwh (leccy) later in the year. The wild card is if China starts importing massive amounts of (non russian) LNG again.

If that means the off-peak price for electric drops back to 5p again I’ll be over the moon!

Stinsy wrote: ↑Mon Apr 10, 2023 8:30 pm

nowty wrote: ↑Mon Apr 10, 2023 6:11 pm The next OFGEM price cap release late next month will show a very large decrease for July, subject to WW3 not breaking out. The price cap is a moving average of the past 3 months.

Retail prices are likely to be around 5p / kWh (gas) and 20p / kwh (leccy) later in the year. The wild card is if China starts importing massive amounts of (non russian) LNG again.

If that means the off-peak price for electric drops back to 5p again I’ll be over the moon!

I suspect it will drop to around 7.5p / kWh.

Remember 5p was the lowest we ever had when gas was about 3p. I doubt we will ever see that price again with using LNG vs cheaper russian pipelined gas.

Zero, we didn't import anything.