Octopus actually pay something like 12p to us, but at least 2p goes to our Coop to fund the operating expenses. I renewed my import contract with Octopus 6 moths early last March to fix my prices through this winter and aligned my import contract to the WT1 power purchase agreement. I also avoided the steep hike in the standing charge.AE-NMidlands wrote: ↑Sat Aug 27, 2022 10:06 am I think Octopus currently pay us (via Ripple) 9.63 p / kWhr under the contract set for a year, presumably from the start of generation...
I wonder what the next price will be? They have done pretty well out of it if they are selling it on for 22p.
My 12-month contract ends in October and I am expecting to pay a lot more than that for the next year - if a 1-year fix is still available. I guess they will put it up to at least the capped price, maybe even higher to allow for 3-monthly rises into the future (unless they hedge it for a year, but I would assume that they still have to pay over the odds to allow for further wholesale rises.)
Given that they only supply green electrons it is wrong that they are affected by the gas price.
I would expect the next PPA for WT1 to be in the region of 20p to 25p.