Tag Archive for: standard variable tariff

Octopus Agile Vs Octopus Flux

As the cost of electricity continues to rise, many households are looking for ways to reduce their energy bills. For those with solar panels and battery storage, the Octopus Agile Tariff and Octopus Flux are two options to consider.

The Octopus Agile Tariff is a flexible tariff that allows customers to benefit from low energy prices during off-peak periods. It works by adjusting prices every half hour based on wholesale energy prices, which means that customers can take advantage of low prices when demand is low. This is particularly beneficial for households with solar PV and battery storage as they can use their stored energy during peak times and buy additional electricity from the grid during off-peak periods when prices are lower.

The Octopus Flux is a tariff designed for electric vehicle (EV) owners, but it can also be useful for households with solar panels and battery storage. It offers a fixed price for energy that is guaranteed to be lower than the standard variable tariff. The tariff also includes four hours of off-peak electricity between 00:30 and 04:30, which can be particularly beneficial for those with battery storage as they can charge their batteries during this period and use the stored energy during peak times.

So, which tariff is better for households with solar panels and battery storage? It depends on the individual circumstances.

For those who are able to manage their energy consumption and use their stored energy during peak times, the Octopus Agile Tariff is likely to be the better option. This is because the tariff is based on wholesale energy prices, which means that customers can benefit from low prices when demand is low. Customers can also use their stored energy during peak times, which can further reduce their energy bills.

However, for those who are unable to manage their energy consumption or do not have a large enough battery storage capacity, the Octopus Flux may be the better option. This is because the tariff offers a fixed price for energy that is guaranteed to be lower than the standard variable tariff. The off-peak electricity period also provides an opportunity for households to charge their batteries at a lower cost, which can be particularly beneficial for those with a smaller battery storage capacity.

Both tariffs have their advantages and disadvantages, and it is important for households to consider their individual circumstances before deciding which tariff to choose. It is also worth noting that both tariffs are only available through Octopus Energy, which may not be available in all areas.

In addition to the Octopus Agile Tariff and Octopus Flux, there are other tariffs available for households with solar panels and battery storage. For example, the E.ON Solar PV and Battery Storage Tariff offers a fixed price for energy that is lower than the standard variable tariff, and the Solarplicity Smart Export Guarantee offers a guaranteed minimum payment for excess energy exported to the grid.

Overall, the Octopus Agile Tariff and Octopus Flux are two options that are worth considering for households with solar panels and battery storage. The best tariff for each household will depend on their individual circumstances, including their energy consumption habits and the size of their battery storage capacity. By choosing the right tariff, households can save money on their energy bills and reduce their carbon footprint.