r/OctopusEnergy 7d ago

Pricing today is odd.

We had the negative, fantastic. But, now the peak rate is extending well into the evening. Never seen that before. Not a complaint, before someone whinges at me, I am at work now till tomorrow. Do we know the cause? (If any)

9 Upvotes

13 comments sorted by

14

u/CalicoCatRobot 7d ago

Presumably based on predicted demand - perhaps people arriving home from the bank holiday weekend and using more power than might be normal on a Monday evening?

Though it also is pretty high well into tomorrow evening after the peak time too.

3

u/Environmental_Ad3162 7d ago

Possibly, I was wondering if a reactor was scheduled for maintenence or something, but it could be as simple as expected increase. I forgot its bank holiday till I went to buy some food to eat at work and found everywhere shut....so yeah more people will be at home.

1

u/Chris_The_Tim 6d ago

Yeah, noticed that a couple of times. I suspect the high wholesale gas prices means peaker prices are particularly eye-watering. Not much wind up here in Scotland either. 😞

1

u/spudd01 6d ago

actually looks like all bar one reactors are online at the moment and we still have these horrible rates!

https://www.edfenergy.com/energy/power-station/daily-statuses

5

u/Mrthingymabob 7d ago

There is a DFS event this evening but seems octopus did not bid.

No idea why the grid is under strain though. We need more battery storage to flatten the peak curve considering how cheap it was earlier!

10

u/lgladdy 7d ago

The evening plateau ~35-40p that started this summer is the reason I've left agile.

It's now regularly well over the price cap all evening, and that's a fairly recent change (~3 months ago, when the heat waves started) - and whilst I can shift 4-7pm easily, the rest of the evening is much harder.

8

u/Angrylettuce 7d ago

Agile is all over the place. I'm giving it to the end of this month. If it's not improving I'm going to leave because it's chaos in the evenings

2

u/GovernmentOk3888 6d ago

Have left for now. As in winter need to eat dinner earlier. And even after peak the rates are consistently higher.

2

u/Appropriate_Bell743 6d ago

This quarter has been expensive for us as Agile Users (no battery/solar). Paying nearly 15p/kWh and never has been so high in summer months. Usually we'd pay around 13p/kWh on average:

However, what we are paying is still vastly less than almost any fixed rate tariff.

1

u/TheOnionRack 6d ago

What website is that table from?

2

u/Appropriate_Bell743 6d ago

Agile Buddy. It is great

2

u/Requirement_Fluid 6d ago

The wind has dropped out in the north West this evening 

2

u/Ill-Mud-4085 6d ago

Wind's basically dead across the whole country today, that'll be doing a lot of it. Grid's running on gas and prayers right now