Posted by: @ronin92

How does ESO intend to get a meaningful reduction when so few suppliers are participating in this scheme?  it would seem simpler and more effective just to require every supplier to offer at least one openly available TOU tariff.

Correct me if I am wrong, but is this the scheme that I think I read about recently, where consumers are paid for the units of electricity that they did not use during the peak periods? I wonder how they would measure the units that I was thinking of using, but then decided not to do so to save the planet.

We have already reduced our energy consumption as much as possible, so would have great difficulty reducing it further, even to save only part of the planet.

It would appear a good way to reward heavy users, to use a little less, at the expense of those who are already doong their best to save the planet.

Whilst I agree in principle with TOU tariffs, I feel the major problem is that many consumer would fear signing up to a tariff that could suddenly shoot upwards without any prior notification.

I have recently been monitoring the Octopus Agile tariff, which for the past few days has been vastly cheaper than the present price guarantee of 34p/kWh, in fact today the highest price during the peak period is 33.03p/kWh, but back in early September the peak price was 78p/kWh, with the minimum all day tariff often above the 34p/kWh guarantee.

I have also recently noticed, and been monitoring, the price per MWh shown on the grid.iamkate.com website. Today, during the present peak it is quoting a price of £41.50/MWh, which is 4.15p/kWh, so who is getting the almost 30p extra that we are paying?

Posted by: @derek-m

Posted by: @ronin92

How does ESO intend to get a meaningful reduction when so few suppliers are participating in this scheme?  it would seem simpler and more effective just to require every supplier to offer at least one openly available TOU tariff.

Correct me if I am wrong, but is this the scheme that I think I read about recently, where consumers are paid for the units of electricity that they did not use during the peak periods? I wonder how they would measure the units that I was thinking of using, but then decided not to do so to save the planet.

We have already reduced our energy consumption as much as possible, so would have great difficulty reducing it further, even to save only part of the planet.

It would appear a good way to reward heavy users, to use a little less, at the expense of those who are already doong their best to save the planet.

Whilst I agree in principle with TOU tariffs, I feel the major problem is that many consumer would fear signing up to a tariff that could suddenly shoot upwards without any prior notification.

I have recently been monitoring the Octopus Agile tariff, which for the past few days has been vastly cheaper than the present price guarantee of 34p/kWh, in fact today the highest price during the peak period is 33.03p/kWh, but back in early September the peak price was 78p/kWh, with the minimum all day tariff often above the 34p/kWh guarantee.

I have also recently noticed, and been monitoring, the price per MWh shown on the grid.iamkate.com website. Today, during the present peak it is quoting a price of £41.50/MWh, which is 4.15p/kWh, so who is getting the almost 30p extra that we are paying?

 

Basically they can see how much you use usually.

The schemes are about getting millions of people to shift energy rather than use less overall necessarily.

The various schemes are not ToU tariff, you stay on your current tariff.

The idea being they hope to get millions involved rather than a few thousand extra with ToU tariff. 

There are ones based on the national ESO scheme e.g.

OCTOPUS.ENERGY "https://octopus.energy/press/blackout-busters-octopus-energy-customers-could-make-100-whilst-helping-end-power-cuts/"

Blackout Busters: Octopus Energy customers could make £100 whilst helping end power cuts | Octopus Energy

And addition ones supplier specific e.g.

https://www.ovoenergy.com/ovo-newsroom/press-releases/2022/october/power-move-news

Posted by: @derek-m

Posted by: @ronin92

How does ESO intend to get a meaningful reduction when so few suppliers are participating in this scheme?  it would seem simpler and more effective just to require every supplier to offer at least one openly available TOU tariff.

Correct me if I am wrong, but is this the scheme that I think I read about recently, where consumers are paid for the units of electricity that they did not use during the peak periods? I wonder how they would measure the units that I was thinking of using, but then decided not to do so to save the planet.

We have already reduced our energy consumption as much as possible, so would have great difficulty reducing it further, even to save only part of the planet.

It would appear a good way to reward heavy users, to use a little less, at the expense of those who are already doong their best to save the planet.

Whilst I agree in principle with TOU tariffs, I feel the major problem is that many consumer would fear signing up to a tariff that could suddenly shoot upwards without any prior notification.

I have recently been monitoring the Octopus Agile tariff, which for the past few days has been vastly cheaper than the present price guarantee of 34p/kWh, in fact today the highest price during the peak period is 33.03p/kWh, but back in early September the peak price was 78p/kWh, with the minimum all day tariff often above the 34p/kWh guarantee.

I have also recently noticed, and been monitoring, the price per MWh shown on the grid.iamkate.com website. Today, during the present peak it is quoting a price of £41.50/MWh, which is 4.15p/kWh, so who is getting the almost 30p extra that we are paying?

 

The spot price of gas collapsed as the European storage is full and it has been relatively warm etc. So the electricity spot prices have fallen. 

But most electricity is bought in advance so not at the electricity spot price you are looking at. Electricity was bought at a higher price by your supplier.

Then there is the whole process of how the price cap is calculated using historical data over a proceeding 6 month period, the other costs included in the unit rate, including backwardation costs to cover previous costs that were not included in the cap whee the cap was too low. What you are looking at will feed into the cap the next time it is re calculated. 

Any use for heat pump owners with Octopus? 

The Equinox trial, which is funded through Ofgem’s Network Innovation Competition, will run every winter from 2022 to 2025 and will test if heat pump owners are willing to reduce the temperature of their homes for short periods of time for modest financial incentives to help balance energy demand. Duration and scale of temperature reductions should mean minimal disruption to daily habits and comfort in the home.

OCTOPUS.ENERGY "https://octopus.energy/blog/equinox-flexibility-trial/"

Our Equinox trial for heat pump owners | Octopus Energy

EQUINOX is for customers with heat pumps - designed to help you earn £100 for helping us and National Grid ED research cheaper, greener heating for all.

https://www.nationalgrid.co.uk/news-and-events/latest-news/save-money-while-helping-the-grid-equinox-heat-pump-flexibility-trial-kicks-off

@jeff signed up. Let's see what is all about. Not sure how it might work given my battery

@jeff

It is actually one of the things that I was about to suggest to both heat pumps owners and also those with battery storage.

Although we still have a gas boiler, we have been reducing our gas consumption whenever possible, by using energy from our solar PV system to warm our home to up to 23C during the daytime, which shuts down our gas boiler and also delays it restarting until the indoor temperature drops to 21C. At this time of year this normally equates to the gas boiler not operating for 12 to 13 hours each day.

The same method could be employed with a heat pump, with or without any solar PV. Raising the indoor temperature gradually (say 0.5C every 2 hours) should not cause a heat pump to work excessively hard, and doing it during the normally warmer daytime period would be when the heat pump is operating most efficiently. Dropping the set temperature from 23C to 21C at say 4pm, should cause the heat pump to at least reduce operation if not shutdown altogether for an extended period of time. The reduction in energy consumption will of course be dependent upon the thermal mass of your home, and how cold it is outside, but since the outside temperature does not normally fall appreciably until later in the evening, then it may be possible to reduce demand for quite a number of hours during the peak period.

Obviously those with battery storage can either use the energy stored within their batteries during the peak period, or if they have a heat pump and the above method works by raising the indoor temperature, they can use the battery storage at other periods during the day when it may be more beneficial.

Posted by: @derek-m

@jeff

It is actually one of the things that I was about to suggest to both heat pumps owners and also those with battery storage.

Although we still have a gas boiler, we have been reducing our gas consumption whenever possible, by using energy from our solar PV system to warm our home to up to 23C during the daytime, which shuts down our gas boiler and also delays it restarting until the indoor temperature drops to 21C. At this time of year this normally equates to the gas boiler not operating for 12 to 13 hours each day.

The same method could be employed with a heat pump, with or without any solar PV. Raising the indoor temperature gradually (say 0.5C every 2 hours) should not cause a heat pump to work excessively hard, and doing it during the normally warmer daytime period would be when the heat pump is operating most efficiently. Dropping the set temperature from 23C to 21C at say 4pm, should cause the heat pump to at least reduce operation if not shutdown altogether for an extended period of time. The reduction in energy consumption will of course be dependent upon the thermal mass of your home, and how cold it is outside, but since the outside temperature does not normally fall appreciably until later in the evening, then it may be possible to reduce demand for quite a number of hours during the peak period.

Obviously those with battery storage can either use the energy stored within their batteries during the peak period, or if they have a heat pump and the above method works by raising the indoor temperature, they can use the battery storage at other periods during the day when it may be more beneficial.

There are a lot of similar trails going on. This is another from ovo. 

OVOENERGY.COM "https://www.ovoenergy.com/blog/heat-pump-pro-trial"

Latest News - OVO Blog

Stay up to date with the latest news and press releases from OVO. Discover updates, innovations and insights shaping the future of energy.

@jeff

My idea is that it may benefit all ASHP owners, rather than just those on any trials or schemes.

Not only should it reduce demand during the peak evening period, but by running the heat pump more during the warmer daytime period, and less during the cooler late evening period, it may improve efficiency and reduce overall consumption. Particularly if it is the normal modus operandi, whether requested to reduce demand or not.

@derek-m 

At last, I have my Tesla Powerwall installed and am starting to feed it my PV panel’s output [8.1 kWp.] when the sun graces us with its’ presence. I hope to have a Daikin ASHP and a Sunamp Thermino ePV heat battery installed ‘soon’. Now, along with an Eddi diverter, much or maybe all of my PV energy will charge the battery then feed the Thermino; during the summer, I think I’ll still have exportable energy to return via my Octopus Agile Outgoing tariff. During the cooler months, I’ll be using far more energy than at present as am using a gas boiler (on its’ last legs now!). I have written to Octopus Energy as I wish to know which tariffs are available to me as my wife and I are both visually handicapped and are unable to drive and don’t have an EV. I can’t be the only user to not have an EV but have high consumption to service; what are others doing to keep the costs of winter consumption down as far as possible please? I may well look into any schemes to reduce my load on the grid by having reduced heating at peak times; I haven’t heard back from Octopus yet but I feel they are probably ‘a little busy right now’!

Regards, Toodles

I have participated in 3 of the Demand Flexibility tests run through E.On now, two of an hour each and one of two hours.  The percentage reduction they calculate for me only makes sense if the average and target are specified in kW rather than kWh as they claim.  The amount paid per kWh saved seems quite variable so I don't think I understand how they are done.