New Website Update - Octopus Outgoing / Export tariff historical and current data.
This data is just what those Solar PV owners have been waiting for.
https://www.energy-stats.uk/Discussion points and my notes/thoughts for Octopus Outgoing Export Tariffs
- Their fixed 5.5p per kWh fixed outgoing is a 2.2% increase over current Feed in Tariff (FIT) based 5.38p.
- These Outgoing tariffs only replace the 'export' element of the FIT. Your generation payments will still come from your registered FIT supplier.
- Both Fixed and Agile Outgoing are "actual" export rather than "deemed" 50% as per FIT.
- You are likely better to stay put on deemed 50% if your export less than 50% of what you generate. ie, if you have immersion diversion, EV or other high daytime usage.
- If you export more than 50% of what you generate the maths suggest you'd be better off on an 'actual' export tariff. The could well be the case with larger Solar installs.
- Octopus add credit to your bill each day for your exports. Assuming you spend more on "inbound" energy than you earn on "outbound" they'll aim to set direct debits at a level consistent with the estimated annual net amount. If you're in credit you can withdraw at will online. (From Octopus CEO)
- In comparison current FIT payments are usually every 3 months.
- You need to be on an Octopus import tariff to have one of their export tariffs.
- It will be very interesting to see the Agile Outgoing price through the winter months. The outgoing tariffs only started on 19th May 2019, so we have little historical data to analyse.
- Whilst its easy to claim 11p per unit and above between 4pm and 7pm during the summer because of late sunset times, its going to be impossible through the winter months with 4pm sunsets.
- Moving to Octopus requires a 12 month commitment for FIT payments. This is across the board, you can only move FIT supplier once a year.
- But this does not apply to 'export' supplier. You can move when you want. Plus, you can freely move between Fixed and Agile Outgoing / Export plans once with Octopus.
- So maybe there is opportunity to crunch the numbers to see if Fixed or Agile are better suited at different times of the year?
- Will the Octopus Fixed Outgoing tariff increase with inflation as per the current FIT rewards?
- The FAQ says there is nothing stopping you charging a battery using Solar during the day for free then selling back that energy between 4pm and 7pm for 11p+.
https://octopus.energy/outgoing/https://octopus.energy/blog/outgoing/Find all the Outgoing current/historical stats and pricing at
https://www.energy-stats.uk/If you have any ideas of what else you'd like to see please let me know.