Quote:
Originally Posted by ianch99
Now I'm confused. I thought the Agile tariff is the one that tracks wholesale Electricity prices, I never realised the price can go negative!
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The agile electricity price changes every half an hour. Every day, at around 4pm, Octopus publishes the prices (for every half an hour) for the next 12 hours. Apparently there is an auction at 3:45 every day, that they fix the prices . You can plan your leccy consumption, by doing your washing, dishwashing, drying etc at the periods that the prices are low (we use "delay" start). Several times, usually during the night leccy is 0 or below zero. Negative prices, mean that we earn money by consuming leccy, more leccy more money is credited --crazy!
The bill is many, many pages long as they charge us per half an hour, and they bill us per half an hour -very analytical.
I have a smart meter.