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Just switched out electric onto a plan that closely follows wholesale price, or a LOT more than most energy suppliers do anyway.

 

This is from the other day

 

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They even pay YOU, to use electric at certain times, usually when demand is very low. You can see by the chart above that it goes to negative pricing, so that's when they are paying you per KWh to use it... this doesn't happen very often, maybe 12+ times per year. But for me, it's the rest of the chart that is the good part.. we were on a plan that is 15p/KWh no matter what time, so switching over to this is a very easy decision to make. It's likely to rise again after the covid-19 crisis goes away (hopefully), but even so, the prices for much of the day would still only be around 8-12p per unit, rising to approx 22p+ between 4-7pm when usage is high.

The other thing about this company, Octopus Energy, is that you can change plans whenever you like with no penalties etc, you can ring them, or email and change plans within a day or so. This is also true for switching to another supplier too, with no penalties, so it's a win-win situation IMO.

 

For comparison, this is today's plan

 

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