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Get paid to use electricity on Octopus Energy Agile tariff - get paid 4p per unit
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Get paid to use electricity on Octopus Energy Agile tariff - get paid 4p per unit

282
Posted 4th AprEdited by:"Zarch"

This deal is expired. Here are some options that might interest you:

Octopus Energy Agile tariff works by tracking daily wholesale energy prices and provides the next days pricing in advance.


The wholesale price is derived from a combination of grid demand as well as the amount of renewables on the grid. So tomorrow (Sunday 5th April) is going to be bright and sunny (lots of Solar) and windy (spinning those turbines).


When there is too much electricity on the grid national grid have to get rid of it. So rather than waste it, you can be paid to take it.


Between 10:30am and 3:30pm you can get paid as much as 3p per unit used.
Note: most people on standard variable electricity tariffs pay somewhere around 14p per unit. for their energy.


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The above graph is a national average of pricing (there are 14 different UK electricity pricing regions)

I've been on Agile for quite some time and whilst there have been the occasional price plunges, I've not seen anything like tomorrow, hence posting this deal.


Hope this helps.

Update: Sunday 12th April.
Negative pricing happening overnight.
For almost 9 hours straight get paid to take electricity off the grid.

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Update for Monday 20th April

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Perfect for electric vehicles, storage heaters, or anyone who can shift their electricity use outside of the 4pm – 7pm peak.


What does it cost?

Enjoy cheaper electricity prices when wholesale prices fallWith Agile Octopus, you get access to half-hourly energy prices, tied to wholesale prices and updated daily. So when wholesale prices drop, so do your bills – and if you can shift your daily electricity use outside of peak times, you can save even more.

Over the last 12 months, a typical UK family would have saved £210 on Agile Octopus compared to the average Big 6 variable tariff – and could save another £120 by shifting their electricity use outside of peak hours.1



Plunge Pricing pays you to take excess energy off the grid

Across the UK, whenever more electricity is generated than consumed, energy prices fall – sometimes to the point where prices drop below zero, and suppliers are paid to take energy off the grid.

Agile Octopus introduces Plunge Pricing – a world first that lets you take advantage of these negative price events, and get paid for the electricity you use. Receive SMS alerts whenever prices drop below zero, or use our API to program your smart devices.

Over the last 12 months, unit prices dropped below 2p / kWh 31 times.

Price Cap Protect keeps you safe from surge prices

When more electricity is being used than generated, wholesale prices rise. While price spikes are short-lived, typically lasting 30 minutes to an hour, they do happen. Agile Octopus includes Price Cap Protect, which ensures you’ll never pay more than 35p / kWh for your electricity, guaranteed.

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Top comments
Wait a minute. Does this mean that i could fire up a Bitcoin farm chewing up endless KWH and get paid for doing it between those hours? Surely not?
Industry uses a lot more electricity than homes. But despite this, having scrolled through a years worth of price data, it seems the energy companies have not been passing on wholesale price reductions to us over the last year (surprise).

Apart from those few 'teatime' hours, this rate seems consistently lower than a standard cheap fixed rate tariff.
Edited by: "89quidyoucantgowrong" 4th Apr
89quidyoucantgowrong04/04/2020 19:13

The UK is likely to be using significantly less electricity during the …The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.


What? I'd put money on betting that UK would be using MORE during a lockdown. Similarly, prices for av receivers have increased, and popping corn stocks have depleted.
Zarch04/04/2020 20:34

[Image] That's my Smets1 meter.


What Del boy installed that?
282 Comments
Interesting
I'm guessing this isn't available in Northern Ireland?
evilzippy04/04/2020 18:44

I'm guessing this isn't available in Northern Ireland?


Sadly Octopus Agile only cover the 14 England, Scotland and Wales electricity regions.
Presume you'll need a smart meter to take advantage of this.
Handy if you have an EV for sure.
timothymasonmonkeyboy04/04/2020 18:54

Presume you'll need a smart meter to take advantage of this. Handy if you …Presume you'll need a smart meter to take advantage of this. Handy if you have an EV for sure.


Yes. You need a smart meter as the price changes every 30 mins on Agile tariff.
thanks
Wait a minute. Does this mean that i could fire up a Bitcoin farm chewing up endless KWH and get paid for doing it between those hours? Surely not?
FlappyPappy04/04/2020 19:04

Wait a minute. Does this mean that i could fire up a Bitcoin farm chewing …Wait a minute. Does this mean that i could fire up a Bitcoin farm chewing up endless KWH and get paid for doing it between those hours? Surely not?


Yes.
Edited by: "FlappyPappy" 4th Apr
OP, can you post a graph for the tariff on a mid week day from January or an average over the last six months before the Covid-19 outbreak? The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.
89quidyoucantgowrong04/04/2020 19:13

OP, can you post a graph for the tariff on a mid week day from January or …OP, can you post a graph for the tariff on a mid week day from January or an average over the last six months before the Covid-19 outbreak? The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.


A brilliant point.
89quidyoucantgowrong04/04/2020 19:13

The UK is likely to be using significantly less electricity during the …The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.


What? I'd put money on betting that UK would be using MORE during a lockdown. Similarly, prices for av receivers have increased, and popping corn stocks have depleted.
Industry uses a lot more electricity than homes. But despite this, having scrolled through a years worth of price data, it seems the energy companies have not been passing on wholesale price reductions to us over the last year (surprise).

Apart from those few 'teatime' hours, this rate seems consistently lower than a standard cheap fixed rate tariff.
Edited by: "89quidyoucantgowrong" 4th Apr
89quidyoucantgowrong04/04/2020 19:13

OP, can you post a graph for the tariff on a mid week day from January or …OP, can you post a graph for the tariff on a mid week day from January or an average over the last six months before the Covid-19 outbreak? The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.


Why do you think that? I would have thought the opposite. 1500 kids sitting in a school using lights and bits of power for laptops etc surely is going to use more than 1500 kids sitting at home on ps4's etc? A weekend even worse, as instead of going out to th ebeach, parks etc, everyone is stuck at home watching telly and stuff surely? Maybe I'm missing something though.

Edit: just seen your reply above
Edited by: "julieallen" 4th Apr
Get me away from the British Gas shambles
89quidyoucantgowrong04/04/2020 19:13

OP, can you post a graph for the tariff on a mid week day from January or …OP, can you post a graph for the tariff on a mid week day from January or an average over the last six months before the Covid-19 outbreak? The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.



No problems.

Here's the pricing from a month ago, Wednesday 4th March.

40297827-RNQdu.jpg
You can get lots of historical pricing going back two years via: energy-stats.uk/oct…le/
89quidyoucantgowrong04/04/2020 19:13

OP, can you post a graph for the tariff on a mid week day from January or …OP, can you post a graph for the tariff on a mid week day from January or an average over the last six months before the Covid-19 outbreak? The UK is likely to be using significantly less electricity during the current situation and it would understandably be lower right now, especially on a weekend.


Apologies, you asked for January and an average. My bad.

Hope these are better.

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How much per kWh are they charging you for gas on this tariff?
89quidyoucantgowrong04/04/2020 19:57

How much per kWh are they charging you for gas on this tariff?


My gas tariff is this one. Obviously may vary between regions. I'm in Yorkshire.


Gas
Exclusive Octopus 12M Fixed January 2020 v2
This tariff ends on 24th January 2021

Unit rate2.47p per kWh Standing charge16.80p per day
I hope people aren't going to base their annual energy provider on the prices for one exceptional day. I don't understand your second graph - what's the X-axis? - but it looks as though the price quite often exceeds 30p a unit but very rarely goes negative.
Which shows that the smart meters were a bad thing, as we are now not far from having individual peak times
Dodge6204/04/2020 20:14

I hope people aren't going to base their annual energy provider on the …I hope people aren't going to base their annual energy provider on the prices for one exceptional day. I don't understand your second graph - what's the X-axis? - but it looks as though the price quite often exceeds 30p a unit but very rarely goes negative.


That second graph shows 6 months worth of daily pricing. So as per the key at the bottom, daily high, daily average and daily low.
Zarch04/04/2020 20:16

That second graph shows 6 months worth of daily pricing. So as per the key …That second graph shows 6 months worth of daily pricing. So as per the key at the bottom, daily high, daily average and daily low.



Ah, so those are American dates - 1st November to 1st April. Got it.
TristanDeCoonha04/04/2020 20:15

Which shows that the smart meters were a bad thing, as we are now not far …Which shows that the smart meters were a bad thing, as we are now not far from having individual peak times


If you can match demand with supply then you can integrate far more renewables into the grid and reduce the average cost of power due to lower peak demand.
Dodge6204/04/2020 20:19

Ah, so those are American dates - 1st November to 1st April. Got it.


Yeah, Grafana can only display in American format. Which is a bit crap!
Dodge6204/04/2020 20:14

I hope people aren't going to base their annual energy provider on the …I hope people aren't going to base their annual energy provider on the prices for one exceptional day. I don't understand your second graph - what's the X-axis? - but it looks as though the price quite often exceeds 30p a unit but very rarely goes negative.


Thats just for a short while though, surely its the average you should be looking at and times. I work from home so can quite easily use most my consumption outside the 4-7pm higher rates, do all the washing etc on a morning and and the savings would mount up I would imagine.
If anyone is on Octopus already and has a smart meter, you can switch to Agile now, and it will take effect from midnight. You could even switch to another tariff again the day after.
SewerSide04/04/2020 20:22

If anyone is on Octopus already and has a smart meter, you can switch to …If anyone is on Octopus already and has a smart meter, you can switch to Agile now, and it will take effect from midnight. You could even switch to another tariff again the day after.


Yes, great point.

They also have a tariff especially for EV car owners called Go.

energy-stats.uk/oct…le/

Which is fixed at 5p for 4 hours every night. Then a competitive approx 14p for the rest of the day. I've no 4pm to 7pm peak of Agile.
julieallen04/04/2020 20:21

Thats just for a short while though, surely its the average you should be …Thats just for a short while though, surely its the average you should be looking at and times. I work from home so can quite easily use most my consumption outside the 4-7pm higher rates, do all the washing etc on a morning and and the savings would mount up I would imagine.


I'm not sure the average is particularly informative though - it might be low all night but high in the day, for example. You'd need it weighted for you particular consumption pattern - which would be hideously complicated. However, you're certainly likely to be much more suited to this than most people who work away and have kids arriving home early evening. Not sure it would work for me - I work from home but on a good day my solar panels provide most of my energy in the daytime (earning me a ludicrous 54p a unit as they do it). Come to think of it, you might be getting paid to consume some of that energy that I'm generating
"we need half-hourly readings from your SMETS2 or “Secure” branded SMETS1 meter"

Can anybody post pictures of these meters? Not sure if I have one of them.

Thank you
Just joined the new tariff for both my home and my father in laws we both already have the octopus smart meters installed and while joining it tells your you account history and if you will save and both accounts and it’s showing we should both save a decent amount of money thanks op 😃
Edited by: "dtlewis28" 4th Apr
daniq04/04/2020 20:32

"we need half-hourly readings from your SMETS2 or “Secure” branded SMETS1 m …"we need half-hourly readings from your SMETS2 or “Secure” branded SMETS1 meter"Can anybody post pictures of these meters? Not sure if I have one of them.Thank you

40298626-XpqGM.jpg

That's my Smets1 meter.
Zarch04/04/2020 20:34

[Image] That's my Smets1 meter.


What Del boy installed that?
SewerSide04/04/2020 20:22

If anyone is on Octopus already and has a smart meter, you can switch to …If anyone is on Octopus already and has a smart meter, you can switch to Agile now, and it will take effect from midnight. You could even switch to another tariff again the day after.


Cheers for that. Didn't know it was that simple. Will give this a try for a week and see how it compares to Go, since I'm not really benefitting from Go's night rate at the moment (I've used one EV charge in two weeks).
Here's a site where you can download a years worth of pricing data.
energy-stats.uk/
I'm on Agile and because I don't have kids, I use my main electricity consumer - the induction cooker - after 7pm, so I save a fortune.
Dodge6204/04/2020 20:27

I'm not sure the average is particularly informative though - it might be …I'm not sure the average is particularly informative though - it might be low all night but high in the day, for example. You'd need it weighted for you particular consumption pattern - which would be hideously complicated. However, you're certainly likely to be much more suited to this than most people who work away and have kids arriving home early evening. Not sure it would work for me - I work from home but on a good day my solar panels provide most of my energy in the daytime (earning me a ludicrous 54p a unit as they do it). Come to think of it, you might be getting paid to consume some of that energy that I'm generating


Wow, when did you buy your panels and how much? Have they paid for themselves (I'm guessing so)? I got mine in 2014 and I only get about 17p per unit - I've not even earned half the amount they cost me (9k) in that time through the feed-in tariff payments.
I'm in the market for switching but electricity prices are remaining stubbornly high in the last few months. I can see great savings for gas over the next 12 months, but most of the rates I'm being offered for electricity are higher than I'm currently paying. Given my gas use is likely to drop from here forward, switching to a lower combined tariff at this point could end up costing me more over the summer until my gas use picks up again in the autumn.

Looking at the falling wholesale rates in those spreadsheets from Octopus gives me a bit of hope that I might find a suitable combined supplier for switching soon.
satchef104/04/2020 21:36

Cheers for that. Didn't know it was that simple. Will give this a try for …Cheers for that. Didn't know it was that simple. Will give this a try for a week and see how it compares to Go, since I'm not really benefitting from Go's night rate at the moment (I've used one EV charge in two weeks).


If you have a dev key (you can get one at octopus.energy/das…er/), you can compare the costs of the Agile and Go tariffs for your actual usage at smartathome.co.uk/.
I've been with octopus on the agile tariff for a long time. Saves me a fair bit on standard rates, you do need a smart meter. 4-7pm is the expensive time 25p kWh, rest of time it's 7p or much less.

You get emailed when there's a plunge price, typically it's for the hours through the night but can last for 4-5 hrs and you get paid up to 3p kWh. Plunge pricing couple times a month. Have had one in the last few days surprisingly, I use the hours for the washing machine and dishwasher runs.

Tomorrow there's plunge pricing in the daytime for an extended period, which is unusual.
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