I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy I'm reminded of years ago when there was a tomato shortage, there was a Wendy's which said "due to the shortage, tomatoes will only be added to sandwiches on request and there will be an extra charge".
Translation: Due to the shortage, we're extending our profit margin. Using fewer supplies to sell something for the same price or higher? Triple score!
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@fak That's very weird. It would seem that they are lying to at least one of us.
@statsguy @fak I got the same message from them and they did explain this. They said short term small increase but long term trend is massively down.
I think this is fair, they are paying about 14p on average to buy wholesale electricity so paying us more than that.
As an organisation that almost never makes an annual profit I think they are by far the best utility retailer. -
I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy I guess the solution is more batteries.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy Are you going to query it?
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy Funny, I got an email from them telling me exactly that: The price per kWh I pay *them* will go down by a couple of cents. Just like that.
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@statsguy Get yourself a battery.
@PeterPractice I already have one. But on a sunny day it gets full and then I have electricity to spare to send to the grid
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@statsguy I'm also fortunate that energy here in WV is very cheap compared to a lot of other locations. I think our kWh price is still ~$0.135 USD. I know there are other places where it's almost ten times that price.
Still, that's up 3 cents/kWh in the past 2 years, but it's still relatively cheap.
@cgrymala Yeah, that's a lot cheaper than here. Though fortuntely we're nothing like 10 x that price. I pay about £0.3 GBP per kWh during the day time, and much cheaper at night.
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@statsguy Are you going to query it?
@JustinMac84 No, there's nothing I can do about it except switch supplier. Which I may do, but I need to spend some serious time playing with spreadsheets first to see if it's worth it. There are many more things to consider than just the price I get paid for electricity export.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy I wonder if anyone is working on a way to give/sell excess energy to local neighbors. I know nothing about this space from a feasibility perspective. But wouldn't that be a dream?
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@statsguy I wonder if anyone is working on a way to give/sell excess energy to local neighbors. I know nothing about this space from a feasibility perspective. But wouldn't that be a dream?
@Xoriff Yes, that would be awesome. But no idea if it's possible without some pretty major changes to the way we get our electricity.
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@JustinMac84 No, there's nothing I can do about it except switch supplier. Which I may do, but I need to spend some serious time playing with spreadsheets first to see if it's worth it. There are many more things to consider than just the price I get paid for electricity export.
@statsguy I more meant are you going to query the unfairness that the price you pay for electricity hasn't dropped in proportion. If electricity is worth less, you should pay less.
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@statsguy I more meant are you going to query the unfairness that the price you pay for electricity hasn't dropped in proportion. If electricity is worth less, you should pay less.
@JustinMac84 There's really no point. They will not care.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy they do try to explain it.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy Can you reluctantly refuse to lower your price on energy to them?
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy Get a battery bank and store your own energy and then use it at night so you have to use less of their energy.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy Anyone who has been following energy prices (as opposed to consumer prices) for the past year has been amazed it's taken so long for Eon and Octopus to jump.
Energy prices have fallen a chunk, so the government stuffed more taxes and levies on it quietly. Some is getting reversed in April when bits are moved to general taxation and the ECO4 scam goes away (the one where they charged mostly poor people to offer grants to poor people for substandard insulation that wrecked their homes)
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@statsguy Anyone who has been following energy prices (as opposed to consumer prices) for the past year has been amazed it's taken so long for Eon and Octopus to jump.
Energy prices have fallen a chunk, so the government stuffed more taxes and levies on it quietly. Some is getting reversed in April when bits are moved to general taxation and the ECO4 scam goes away (the one where they charged mostly poor people to offer grants to poor people for substandard insulation that wrecked their homes)
@statsguy The long term CfD prices for new stuff strongly suggest it'll be down to 6p/kWh for flat rate solar in a couple of years.
Time based exports can still earn good money though - and that looks unlikely to change for quite some time.
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@davidbcohen It looks like Ecotricity do quite a competitive export tariff. Will need to do some spreadsheets to figure out if I'll be better off overall unless their import tariff is also cheaper, in which case switching to them will be a no brainer. Definitely some homework to do.
@statsguy @davidbcohen Used to use them long ago before the boss turned into a biogas nut. Prices were never great but they did have customer service. British Gas still seem to be 15.1p export but I hope their customer service has improved a lot since I last dealt with them
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@statsguy @fak I got the same message from them and they did explain this. They said short term small increase but long term trend is massively down.
I think this is fair, they are paying about 14p on average to buy wholesale electricity so paying us more than that.
As an organisation that almost never makes an annual profit I think they are by far the best utility retailer.@LordOfTheGeeks @statsguy @fak
Well said.
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I've had an email from Octopus Energy telling me that because of dramatic falls in wholesale electricity prices, they sadly have no choice but to reluctantly reduce the price they are paying me for the electricity I export from my solar panels.
Weirdly, they seem very much to have the choice not to reduce the price of the electricity that they sell to me.
Isn't it funny how that works?
@statsguy you can switch to Outgoing Agile and pay the market rate for your exports. The problem is that most people are exporting solar energy when it's sunny and power prices are low.
If you've got a battery and can export then Agile is probably better.
