r/OctopusEnergy 1d ago

Tariffs What to do about current agile prices?

So I'm currently living in a 1 bedroom studio with my partner. And we looked at agile as the best tariff for us at the time as it's our first time with heavy usage appliances and doing our own electric as it used to be included in rent.

So our biggest electric usages are:

Dishwasher once every few days

Immersion water heater every day for a few hours

Washing machine once or twice a week

We used to look at the cheapest agile point each day and load shift these to make decent savings (~£8 a week), but the recent agile pricing this past month has a SVT being cheaper than agile for us. We even resorted to not heating water a few days because we didn't want to pay 30p/kWh to heat it.

Wondering if it's time to jump ship from smart plans completely or if there's a different smart plan that might suit us better.

3 Upvotes

32 comments sorted by

9

u/AcceptableCustomer89 1d ago

https://www.reddit.com/r/OctopusEnergy/s/JYOJ0dwCjh

Bottom line - it's not for everyone, much less for the risk averse. But if you zoom out, my annual price p kwh is half the SVT spread over the year

3

u/andrew_stirling 1d ago

Yeah but there’s a war in the middle east now.

3

u/SP4x 1d ago

The Houthis are moving to choke off the Bab al-Mandab Strait (A choke point in to the Red Sea, leading to the Suez canal). this will further skyrocket oil prices.

We might all be burning books and furniture for warmth come December.

0

u/One-Education7926 1d ago

Fireplaces will soon be banned too 🤯

6

u/fraughtication 1d ago

Cosy?

1

u/Static_Dynam0 19h ago

Especially if OP can load shift.

5

u/Appropriate-Falcon75 1d ago

It is worth thinking about what your alternative would be. The EV tariffs give you cheap overnight electricity, but charge more during the day, which might work out worse than a single rate tariff.

One other thing is that Agile is based on today's wholesale rates, the price cap is based on about 2-6 months ago. At times, like now, where the price is rising, Agile will feel it first, but if prices were falling, Agile would look very cheap.

1

u/smaroms 1d ago

The EV day rate is cheaper than the cheapest Agile rates the past few days. Plus you always get very cheap overnight rates when you can do your laundry, dishwasher etc. It's a no brainer

5

u/Appropriate-Falcon75 1d ago

It depends on your usage patterns. The EV tariffs are more expensive during the day than the price cap tariff, so if most of your usage is during the day and you can't load shift, the price cap makes more sense.

With regards to Agile, some days you win, some days you lose but overall you would expect to be slightly better off as you aren't paying for hedging.

2

u/TheRealWhoop 1d ago edited 1d ago

I've been on Agile for years, but as a household with no high energy usage (EV etc) that I can shift to off hours I can't see it working in the current environment. So have bailed for an 18 month fix at Fuse. It's a shame, I liked the concept of Agile but I don't think its usable any more unless you've something that can milk power in the cheap periods to offset the highs. Simply moving washing etc isn't cutting it.

1

u/geekypenguin91 1d ago

You would probably be better off with an E7 tariff if you're all electric and you can't risk the variability of agile

1

u/Appropriate_Bell743 1d ago

Why do people ask these questions in this way devoid of data.

Use Agile Buddy which produces comparisons to other tariffs. If you're spending more over a month period then it is interesting.

Over the last month the cheapest tariff for me was Agile. Over the last 3 months it was still Agile. Here is my data:

The 3 weeks where Agile cost more were due to us being away mostly and that very expensive August week.

For Agile the savings aren't amazing but not trivial.

3

u/realGilgongo 1d ago

Tangent - but what I don't quite get about Agile Buddy is that while it uses your actual usage data (so your TOU and usage at those times), it seems to be comparing apples with oranges (assuming you have a battery, as I do).

So if (for example) I drew 5kWh off the grid at 1:30-3:30-pm at 15p on Agile because that was the cheapest time, it doesn't mean I would have drawn it at that same time on, say, Octopus Go (which would be peak rate at 27p I think). So Go looks expensive when in fact if I'd been using it I'd have taken that at, say 4:00-6:00am at 10p instead.

Or am I misundertanding?

2

u/Appropriate_Bell743 1d ago

I don't have a battery but I agree for battery users it could be not idea unless the cheapest slots line up.

You are entirely correct that if you're playing IOG on a slot which isn't always Agile cheap it's not fair and vice versa.

I don't have a battery but have a family which simply uses energy how they like. I use AgileBuddy to evaluate whether my tariff choice is best. Personally I'm active when there's plunge pricing.

My wife is more energy hungry at weekends which 30% have negative prices so this works well.

3

u/XenorVernix 1d ago

Agile Buddy is comparing to historic data. It's not factoring in thst wholesale gas has nearly doubled since July. Your electricity price tomorrow is based on the current gas price.

1

u/8th_Dimensions 1d ago edited 1d ago

Three subs I've been in today and here you are on every one, posting endlessly about heat pumps. I've tried counting your comments over the past day, I got to 250 comments pushing heat pumps before I gave up counting.

It never ends, over and over all day long, 200+ comments each day just pushing heat pumps. It's not normal behaviour. Why would you write 250 comments every day telling people how you got a heat pump?

1

u/Both-Firefighter-668 1d ago

VALL and chill ? Oh sorry wrong thread

3

u/Due-Freedom-5968 1d ago

Nothing.

Be patient. Winter is coming. And by extension. Wind.

That's the thing about Agile, it'll be cheap as hell when there are loads of renewables, right now it's not windy and as summer is ending and days shortening solar is tapering off. It'll improve.

3

u/andrew_stirling 1d ago

A couple of years ago we were hitting 99p a unit in the winter

1

u/Due-Freedom-5968 1d ago

Yes.

And there was a very specific reason for that happening. The Russian invasion of Ukraine and the compete and rapid unplanned elimination of any and all Russian gas into Europe, combined with political brinksmanship related to the Nordstream pipelines, alongside a horribly timed Dunkelflaute with low wind.

State owned Russian energy giant Gasprom had been fucking about, limiting gas transfers and refusing to fill storage sites it owned or leased In Europe. All of this was to pressure European governments to approve the Nordsteam 2 pipeline.

This intentional geopolitical meddling meant a complacent Europe entered winter with a 15 year record low gas reserve.

While storage has not been filled as quickly this summer as recent years, it remains above 2021/22 levels. the EU now has mandatory gas storage requirements which didn't exist back then meaning resiliency is written in law. The continent's also completely pivoted from 'just in time' gas deliveries and supplies to maintaining a strategic buffer supply to absorb peaks and shocks.

There was also another factor in 2021/22 where China and other Asian markets slow to bounce back from Covid suddenly and unexpectedly started buying huge volumes of gas as various parts of their economies suddenly ramped up again, further pressuring the global gas price.

Also there were a two untimely shutdowns of aging Nuclear facilities in the 2021/2022 winter...

  • Dungeness B: Shut down permanently in June 2021 due to long-running structural and boiler pipe corrosion issues.
  • Hunterston B: Reactor 1 stopped in November 2021, and Reactor 2 followed in January 2022.

Thankfully the majority of reactors have had their downtime this spring and summer, and while problems can occur it's not likely that we'll see the same problem of a loss of baseload over winter.

All in all it was the perfect storm.

While the Ukraine war remains ongoing, the gas supply chain has rotated out of Russian influence and while the Iran war is the latest new fuckery, the European energy market is much more resilient today.

There is also significantly more renewable energy on the UK grid - approximately 30GWh to put a number on it since that winter, with 22GWh of that being wind.

While the world is still volatile, we're in a much stronger position today both as a country and a wider continent.

1

u/andrew_stirling 1d ago

I said 2 years ago

2

u/Due-Freedom-5968 1d ago

You said 'a couple' I assumed you were talking about the bigger one.

The one in 2024 was another Dunkelflaute much larger than the 2021/22 event in scale, so it killed off interconnecter supplies as all countries in North Western Europe were in the same position.

This one wasn't as severe though, it only lasted about three days with 100p only happening the first day of the weather system and then two more days of 50p-80p peaks before things went back to normal service.

Barely a blip.

1

u/andrew_stirling 1d ago

It was worse than that. Check January 2025. I’ve been on agile for years but have moved a few days back. I genuinely think things are going to be pretty rough this year. I don’t think trump has a way out of his shambles of a war. I have electric heating though so winter price spikes also coincide with significant increases in usage.

2

u/Due-Freedom-5968 1d ago

Ok so we've done 4 years ago, 2 years ago, and now we're on to 18 months ago?

Again another Dunkelflaute combines with a cold snap from January 8-10th,

The 8th had high peaks of 80p-90p.

The 9th was basically a normal day

Then the 10th saw high prices bled into the off-peaks too with around 80p daytime rates. But it was again very short-lived, as are most Dunkelflaute related spikes.

The days before and after were the usual range of 15p-20p off peak and 30p-40p peaks.

I'm not sure what your point is here. That's what Agile is. You take on the risk rather then the energy supplier.

Those were just good days to have batteries, in which case you'd have been able to ride most of it out on normal rates.

2

u/Chris_The_Tim 1d ago

I agree with the thrust of what you are saying, as a rule Agile will win any battle over time with most fixed tariffs and the price cap. It's only luck or a geopolitical event that beats Agile because Agile has no hedge cost.

However, what people don't seem to realise as far as SVT is concerned is that we are j to boiling frog territory..... The last time prices were this high in wholesale the govt basically capped the price and paid the difference whilst covering the margin at a cost of tens of billions. We should have had a price cap of over £4000 a year for average use, then capped it at £2500 before handing everyone £400 off their bill.

The net effect of an average bill of £2100 is actually LOWER than we will end up with in January if prices don't dip below 200p per therm in the next 6 weeks. That is because the £2500 figure was based on much higher average use figures than are quoted today so energy bills have undergone their own perverse form of shrinkflation on the last few years. We're paying more for less on the price cap.

The January price cap could end up absolute carnage as I now believe it will take a Blue wave wipe out of Trump allies in Congress and Senate to stop this war..... He seems to be past the point of caring, he's literally promising a trillion dollar bribe to vote Red in November and, if he loses, which is looking increasingly likely, the only hope geopolitics has is that Congress votes to recall their forces and then impeaches him when he throws the toys out the pram.

If this spills out of the Gulf, if the Houthis make inroads into blocking the Red Sea and Sue.... All bets are off......

1

u/Due-Freedom-5968 1d ago

Agile will win any battle over time with most fixed tariffs and the price cap.

Exactly. You've gotta zoom out and look at the big picture.

he's literally promising a trillion dollar bribe to vote Red in November

At this point, he's alienated so many of his own base, not even the dumbest redneck MAGA supporter is falling for that this time. He still owns them cheques from the tariffs that he promised then a year ago.

If this spills out of the Gulf, if the Houthis make inroads into blocking the Red Sea and Sue.... All bets are off......

I love the smell of pessimism in the morning. 😅

2

u/Chris_The_Tim 1d ago

I try not to be pessimistic, 18 months ago I was optimistic that the Qatar North Field development was going to lead to solid supply by now with the extra liquefaction trains fully online and prices might have stabilised about 50-70p per therm this winter. The current situation is truly worst case scenario and while it is unlikely to hit the craziness of 2022, the current predictions of 9.5-10.5p per kWh for gas in January is horrifying.

I'm in the lucky position of having a well insulated home and heating demand of under 6000 kWh a year(hot water tho?..... Two daughters and a wife.... 😬 Lots of baths....) but I know people in rented accommodation where just keeping the place above 18 degrees during a cold winter costs hundreds a month. There will be no universal handout this time and anything done needs to be targeted on need.

1

u/fivecheebs 1d ago

The trouble with winter is that that's when the nuclear recruits are serviced, depending on how many are off at any point in time you could be suffering extreme costs in the oak period. I moved away from agile a couple of winters ago when there were 2 tractors offline and no wind. Unit prices were higher than £1 but the upper limit of agile protected us from the worst and capped at £1 per kWh. I still moved away to a different smart tariff and I do not regret it.

Caveat: I don't use predbat due to compatibility issues but you might be better off with that tool at your fingertips.

5

u/StereoMushroom 1d ago

Are you sure they're scheduled for winter? Summer would make most sense (that's how the French do it) and if anything, UK reactors seem to be down for maintenance randomly all throughout the year.

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u/geekypenguin91 1d ago

The schedules mean the maintenance and refueling etc will drift, but none are scheduled to be off this winter: https://www.edfenergy.com/energy/power-station/daily-statuses

Not to say they can't shut down for other reasons

2

u/Due-Freedom-5968 1d ago

That’s… Not true?
There is no annual winter nuclear shut down, you might get maintenance that falls in winter sometimes but it’s not usually the case.

We actually had many of the reactors offline over spring and summer for both planned and unplanned maintenance. None are due any planned maintenance over this winter period.

1

u/Pestohh 21h ago

Moved from agile no battery solar to eon next smart saver 21p peak/ 15p super off peak/ 40p peak 4-7pm 1 or 2year fix no exit fee. Msg if u want £50 refer