That is the way the Octopus Agile tariff works - they have gone beyond "looking at it" now. And they also have a similar outgoing tariff for those with solar or other generating capacity.Article in a few papers yesterday saying that there is legislation going through allowing energy companies to make smart meters sending updates every 30 minutes the default.
You can opt out and make it different e.g. once a day.
This, as the articles say , leads into having the price change depending on the time of day.
Hence - at peak times the price can be raised to give people an incentive to use less then - then at times of lower demand the price can be lowered to encourage people to use more .
When I was with Octopus (or Bulb - I forget) I had a message saing that they were looking at this - and in the extreme they could even end up paying you to use excess electricity at times when the generation was there but no-one wqas using it - e.e. if the nuclear power stations are on idle they still produce electricity but in the middle of the night no-one is using it.
One concept was that you could potentially charge your car up and get paid to do it!!
Seems like a good idea to some extent - but it would make life more complicated for people - and some people don;t have a lot of choices about what they can do when.
Also - to be cynical (what me - surely not!!) you have to suspect someone in the energy company is looking at this and wondering how they can 'leverage' (i.e. use) this to increase profits without it looking like they are putting prices up!
Seems to be an automatic switch triggered by changing my smart meter readings to every 30 minutes.Have you just switched to variable ? I’m still in a fixed deal till Sept but fear similar monthly out goings on energy.
I can't definitevely say i'm right but here's what i found many years ago (following a discussion at work, comparing hot water left on all the time vs timed periods)Bulb are still pretty good. I'm estimated £203 for gas and electric for a 4 bed house for April. Switching to variable tariff seems to have made a big difference. winter months are estimated at £350-£400 a month with the new prices which is a bit painful but could be a bit misleading as they seem to be reflecting my account balance rather than power usage, but could be a new projected cost based on usage and current prices.
That said, the estimates are probably based on previous usage. Hot water is now restricted to early mornings and evenings only and thermostat has been lowered by a degree during the day and 4 degrees at night - so that will help a bit on the gas front.
The big question mark there, of course, the weather. Was it warming or cooling between the two months?I can't definitevely say i'm right but here's what i found many years ago (following a discussion at work, comparing hot water left on all the time vs timed periods)
At that time, we always switched ours on early afternoon, nice hot water for the evening baths.
Colleague said this is wrong, you should leave it on all the time, that way you're only trickling in heat to keep a tank hot.
So i spent a month, reading the gas meter daily under our normal regime.
Then spent a month with the hot water left on permanently, reading the meter daily.
We used less gas with the latter. I have left our on ever since.
Its pertinant but i can't remember specifics. Two months, there would have been outdoor temperature differences that may well have influenced gas useage a bit but, while i can't remember the details, it wasnt a ...meh, maybe its a saving, it was a definate difference.The big question mark there, of course, the weather. Was it warming or cooling between the two months?
I'd expect keeping it hot even when not needed to use more energy because a hotter tank cools more (it's proportional to the difference in temperature to the outside) and there will also be more heat lost in the trip around the pipes because the tank-to-boiler side will be warmer than if you did a couple of big heatings each day.
I now have smart meters so I can look at what our system does and there was a while after the meters were fitted that it kept the tank hot, before we switched to reheating it only at certain times unless it's nearly empty. The heat output consumed by hot water in three restricted-reheating weeks was 75.6kWh, 84.6kWh and 70kWh while keeping it hot needed 87kWh, 84.2kWh, 85kWh. That's enough of a difference for me not to switch back.
It's possible that usage patterns varied wildly or other confounding factors (but I did exclude a week where we were away 3 days), so I'd welcome any other reports.
My heating is set to be in all the time , temp is set or for during the day and another temp set for night time. Hot water is times morning and night. I guess for the hot water , heat loss should not be huge with modern not water tanks ? Mine is tepid to touch . So I’m guessing minimal heat loss .I can't definitevely say i'm right but here's what i found many years ago (following a discussion at work, comparing hot water left on all the time vs timed periods)
At that time, we always switched ours on early afternoon, nice hot water for the evening baths.
Colleague said this is wrong, you should leave it on all the time, that way you're only trickling in heat to keep a tank hot.
So i spent a month, reading the gas meter daily under our normal regime.
Then spent a month with the hot water left on permanently, reading the meter daily.
We used less gas with the latter. I have left our on ever since.
The problem is that there are a *lot* of variables. For example if you have something like a MegaFlo then yes, always on is more efficient. If you have a standard hot water tank that leaches heat, then I suspect that heating when needed is probably going to take less energy. In my case I measured and my energy use dropped by about a third after I had adjusted the thermostat and hot water.Colleague said this is wrong, you should leave it on all the time, that way you're only trickling in heat to keep a tank hot.
To be clear, I'm not suggesting that the usage would be different because you acted differently because of the weather, but rather that the tank would lose more heat if it was generally colder.Its pertinant but i can't remember specifics. Two months, there would have been outdoor temperature differences that may well have influenced gas useage a bit but, [...] i don't think there would have been any major useage differences at the time .
You can't expect very meaningful answers measuring this way because your measurement will be confounded by weather changes too much. When I compared my heating, I ran the system for one week timed then one week continuous on alternate weeks for two months, and recorded daily temperatures, then compared the average kWh/K for the timed weeks against the continuous weeks.I can't definitevely say i'm right but here's what i found many years ago (following a discussion at work, comparing hot water left on all the time vs timed periods)
At that time, we always switched ours on early afternoon, nice hot water for the evening baths.
Colleague said this is wrong, you should leave it on all the time, that way you're only trickling in heat to keep a tank hot.
So i spent a month, reading the gas meter daily under our normal regime.
Then spent a month with the hot water left on permanently, reading the meter daily.
We used less gas with the latter. I have left our on ever since.