Revolutionary new electricity tariff from Octopus Energy pays you to use electricity!Stuart Reid
We’re a fan of 100% renewable electricity which is why we buy our electricity from Octopus Energy.
We’re on the new Agile Octopus tariff. It’s different from other tariffs in that the rate you pay changes half-hourly and the prices are set every day at 4pm for the following day. The prices are set according to the wholesale price of electricity.
The Agile Octopus tariff is ideal for those with an a.c. coupled battery storage system such as the Tesla Powerwall 2 because they can set the battery to charge on cheap rate electricity to avoid the peak rate between 4pm and 7pm.
From their website:
Enjoy cheaper electricity prices when wholesale prices fall
With 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.
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 and below 0p / kWh 4 times.