Yet another Octopus tariff...

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AE-NMidlands
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Joined: Wed Jun 02, 2021 6:10 pm

Yet another Octopus tariff...

#1

Post by AE-NMidlands »

I had an email yesterday:
Hi A​,

I hope you are doing well!

I just wanted to send this email out to let you know about our new tariff we have launched recently called Intelligent Octopus Flux. A new variation on our most popular export tariff Octopus Flux

What is the difference between Octopus Flux and Intelligent Octopus Flux?

Intelligent Octopus Flux aka, IO Flux takes the stress out of scheduling your battery. By giving Octopus control of your battery, we can make sure you get the most from your solar and reduce your net energy costs. Intelligent Octopus Flux has a peak rate between 16:00 - 19:00, where we will export your surplus energy back to the grid.

I'll attach a link to read more on this new exciting export tariff below.
Click here to find out more (https://octopus.energy/smart/intelligent-octopus-flux/)
Best wishes, Cori
I can't see that it would do me much good. as it loses the night-time cheap rate import...
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nowty
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Re: Yet another Octopus tariff...

#2

Post by nowty »

Thats crazy price.

Even on tracker tariff, today with the grid balls out on fossil fuel my brother is paying less than 20p / kWh.

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Andy
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Re: Yet another Octopus tariff...

#3

Post by Andy »

The interesting thing with this one is the export matches the import. So if you have enough panels to cover your annual usage you could go for zero cost (stand fast the investment) electricity. The only problem is they want control of the battery which I don't like.
dan_b
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Re: Yet another Octopus tariff...

#4

Post by dan_b »

I'm now on tracker -
today my rate is 21.79 p/kWh
My standing charge is 47.95p. Much higher :shock:
nowty wrote: Wed Jan 10, 2024 2:19 pm Thats crazy price.

Even on tracker tariff, today with the grid balls out on fossil fuel my brother is paying less than 20p / kWh.

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Moxi
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Re: Yet another Octopus tariff...

#5

Post by Moxi »

The standing charge in my region is 58p with my current provider and would be 60p with Octoplod :shock:

I live out in the sticks a ways so I know I have some poles to pay for and the wire in between but it always makes me sweat a bit when I see it on the bills ! :lol:

Moxi
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Krill
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Re: Yet another Octopus tariff...

#6

Post by Krill »

Andy wrote: Wed Jan 10, 2024 4:06 pm The interesting thing with this one is the export matches the import. So if you have enough panels to cover your annual usage you could go for zero cost (stand fast the investment) electricity. The only problem is they want control of the battery which I don't like.
This isn't strictly true as the costs change between winter and summer.

It is still better to just go IOG, cheap charge the battery and export generation as it happens. And it will be for a very long time tbh, even without the tricks available.
Solar PV: 6.4kW solar PV (Eurener MEPV 400W*16)
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Andy
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Re: Yet another Octopus tariff...

#7

Post by Andy »

Krill wrote: Wed Jan 10, 2024 5:00 pm This isn't strictly true as the costs change between winter and summer.
Oh yeah, forgot about that one.
AE-NMidlands
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Re: Yet another Octopus tariff...

#8

Post by AE-NMidlands »

Krill wrote: Wed Jan 10, 2024 5:00 pm This isn't strictly true as the costs change between winter and summer.
It is still better to just go IOG, cheap charge the battery and export generation as it happens. And it will be for a very long time tbh, even without the tricks available.
They don't say how or when they change, just give the curent rates, and you can't get IOG without an EV!
Having looked through my paperwork and notes of conversations, I now realise that they shouldn't have been proposing it as a new tarrif at all, it was mentioned to me a few months ago. The idea is that you swap tariffs twice a year:

(simple/ordinary) Flux in winter, which has import rates of 17.74p 2-5am then 29.57 the rest apart from 41.1 in the evening peak, but export of 6, 18.57 and 30.4, so you charge up in the night, and export what you can afford to let go out in the evening peak.

As soon as you have enough incoming pv in the spring you change over to this Intelligent OFlux, exporting at the higher rates as much of the day as you like or can manage. I guess you would have a case for a complaint if in the early spring they ran down your battery and left you having to import at peak rate, although it is a bit cheaper than peak rate import on Flux! I guess you could easily do an afternoon top-up, I see that the non-flux, non-peak rate is only a penny an hour more than my current tarrif anyway.

The other thing this has highlighted is the amazing differences in standing charges. I thought I knew that the old MANWEB area had the highest, but I didn't realise it was about 50% higher than some others...60p compared with 42! Why is it that Merseyside always gets the fuzzy end of the lollipop?
2.0 kW/4.62 MWh pa in Ripples, 4.5 kWp W-facing pv, 9.5 kWh Givenergy batt
30 solar thermal tubes, 2MWh pa in Stockport, plus Congleton and Kinlochbervie Hydros,
Most travel by bike, walking or bus/train. Veg, fruit - and Bees!
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Stinsy
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Re: Yet another Octopus tariff...

#9

Post by Stinsy »

What if you got on well with your neighbour (or they’re a family member) you could share a battery to import at 7.5p an export at 35p!
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(Artist formally known as ******, well it should be obvious enough to those for whom such things are important.)
AE-NMidlands
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Re: Yet another Octopus tariff...

#10

Post by AE-NMidlands »

Stinsy wrote: Thu Jan 11, 2024 9:08 am What if you got on well with your neighbour (or they’re a family member) you could share a battery to import at 7.5p an export at 35p!
I'm sure that exceptionally low rate of 7.5p is only for EV owners.

I have seriously considered getting a scrapper and SORNing it just for that, but it's not really justified if I only import for a couple of months in the winter - I'm hoping that the solar will max out any battery capacity I could install to export within my limit for most of the year.
2.0 kW/4.62 MWh pa in Ripples, 4.5 kWp W-facing pv, 9.5 kWh Givenergy batt
30 solar thermal tubes, 2MWh pa in Stockport, plus Congleton and Kinlochbervie Hydros,
Most travel by bike, walking or bus/train. Veg, fruit - and Bees!
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