Stay in the Loop
June 20, 2020
Octopus Agile is a time of use tariff available in the UK from Octopus Energy.
The tariff varies on a half hourly basis and tracks the wholesale cost of electricity and electricity network costs.
Electric loads such as water heating and electric vehicles can take advantage of time-of-use tariffs by charging at lower cost off-peak times - both providing a direct financial benefit for the household and in turn reducing the infrastructure requirements and associated cost that would otherwise be needed if these loads where added at periods of peak demand.
The Octopus Agile tariff is a first of it’s kind in the UK both making use of new smart meter technology and being available nation wide. The tariff is a 100% renewable energy tariff. For more information on the tariff see the Octopus website and associated blog posts:
What is SEG UK?
The SEG is a UK government initiative designed to replace the now-defunct Feed-in Tariff, which concluded on 31st March 2019. Starting from 1st January 2020, the initiative requires all large energy companies (i.e. suppliers with at least 150,000 customers) to pay households for any solar-generated electricity they send back to the National Grid.
Which suppliers will offer you the best price for your surplus solar power? Our league table will help you understand your choices and who has the best offer for prosumers.
Note that the best price may not always represent the best deal for you, such as in cases where you are required to also be a customer of the supplier.
More information about the Smart Export Guarantee is available here.
June 20, 2020
Find out how much money you could get through the Renewable Heat Incentive if you install renewable heat technology (such as a biomass boiler or ground source heat pump) in your home.