Octopus saving sessions coming 1st Nov

[Stinsy]

Possibility today

A weekend one! I assumed it was too windy…

[nowty]

Possibility today

A weekend one! I assumed it was too windy…

The day ahead price plummeted yesterday by near 30% to around 6p / kWh, are they seriously expecting bids near to that level.

[Moxi]

I still think they are doing these sessions to “map” the market responses so they have a better idea of when to ask and how much to offer - but on a day where Kirk hill slightly curtailed and I assume many other wind farms, it does seem an unlikely event.

Moxi

[Yuff]

Possibility today

A weekend one! I assumed it was too windy…

The day ahead price plummeted yesterday by near 30% to around 6p / kWh, are they seriously expecting bids near to that level.

Let’s have free power hour instead, besides they are way more lucrative than DFS these days anyway…….

[nowty]

Only GridBeyond bothered bidding, down to as low as 10.5p / kWh and were rejected.

[Tinbum]

Possibility again today.

[nowty]

Possibility again today.

Octopus was rejected at 15p / kWh but Gridbeyond was accepted at 14.9p / kWh.

[dan_b]

Interesting there's a session today as there's plenty of wind and heating demand has dropped with the rising temps - grid is pretty cheap at the moment, very little gas being burned?

[nowty]

Interesting there's a session today as there's plenty of wind and heating demand has dropped with the rising temps - grid is pretty cheap at the moment, very little gas being burned?

I joined the DFS review webinar a few days back, items of note were,

• The DFS is no longer a winter contingency service but a "Merit Based Margin Tool" as part of the grid balancing services.

• If the NESO can purchase other capacity elsewhere cheaper (there are many tools in the box), they will.

• Environmental impact is not considered (not even allowed under their OFGEM licence) so if gas is cheaper, it wins.

• They sometimes get it wrong, and the situation declines further and ends up with them paying more to other balancing services later.

• Some bids have come in late and were refused, even if they would have been accepted at the cut off.

• Turn up sessions still being pondered but its a bit complicated so don't hold your breath.

• Geographical sessions may also be targeted in the future.

• There are more suppliers currently onboarding.

And finally,

• They think they are doing really well.

[AE-NMidlands]

email at 1705 today:

FYI: Your Saving Session results are in!

worth almost nothing, of course (I had a timing/scheduling cock-up too!)
But we did our bit...