More Octopus innovation

[Bugtownboy]

But look at it from outside Camelot, where, as AE states, the company is refined in their adoption of RE, battery technology and opportunities to reduce FF use.

This, along with Ripple, gives access to ToU and RE benefits that many people otherwise would be excluded.

Price rises have been a shock this year - here’s an opportunity to mitigate some of those price rises through behavioural change rather than handouts.

Octopus are to be commended.

[nowty]

I found a bit more info which suggests to me there could be downside to it if you are given the opportunity every day to opt in or out,

The trial will run for about two months from 11th February to 31st March and will be available to Octopus Energy’s 1.4 million smart meter customers.

The smart grid enabled demand response service will offer participating households the chance to earn money by cutting their power use by between 40 per cent and 60 per cent during a set two-hour period.

Customers will be asked to curb energy demands between 9am and 11am and between 4:30pm and 6:30pm, when power demand on the grid typically reaches its peak. If customers meet a pre-agreed energy saving target during those periods, for example by delaying putting on a washing machine or dishwasher, they will receive payments that could reach up to 35p for every kilowatt-hour saved.

The two hour target will shift each day based on anticipated demand on the grid, with households informed about the precise timings by 4pm the day before, giving them the chance to opt in or opt out of the trial on any given day.

[nowty]

I've read on a facebook octopus forum that a similar (maybe even the same) trial was run in 2020, where if you used less than half your normal usage for the two hour peak slot, then ALL the leccy you actually use in that two hour peak slot is free.

Note - This was the trial in 2020, not necessarily the one from this Friday

[Stinsy]

How did they calculate "half your normal amount"?

[nowty]

How did they calculate "half your normal amount"?

Don't know but I'm sure we will find out.

[AE-NMidlands]

How did they calculate "half your normal amount"?

Presumably if you are on a smart meter they know exactly how much you have used every half-hour since you went on to it.
I would hope they would apply a "half of your historic usage at this time on this day of the week."
Maybe it's getting too clever?
A

[Stinsy]

How did they calculate "half your normal amount"?

Presumably if you are on a smart meter they know exactly how much you have used every half-hour since you went on to it.
I would hope they would apply a "half of your historic usage at this time on this day of the week."
Maybe it's getting too clever?
A

I'm rather hoping they go for "a typical customer will use 30% of their electric between 9-11am and 430-630pm if you use less than 15% of your electricity in this period well give you free money".

[Stinsy]

Here is the story from Octopus:

https://octopus.energy/blog/the-big-dir ... ity-trial/

[nowty]

Its your own personal average for that time slot for the past 4 weeks so no point me joining unless there is an event overnight which is unlikely.
But I've just signed my father up.

If your on any type of export with Octopus, then your excluded.

5 to 10 total events so wont be every day.

EDIT - I've signed myself up too for a laugh, your average is 0.01kWh so your target is 0.005kWh and your max reward will be 0.005 x 24.14p = 0.12p
Maybe I will get lucky and get the midnight slot.

[Stinsy]

I really don’t use much electric outside the GO period. Afternoon I use a smidge on average because my batteries sometimes run out mid afternoon when I’m cooking a roast and it isn’t sunny.