Re:ElectricityMap – Live CO₂ emissions of electricity produc...
by londons_explore on Monday October 12, 2020 @07:28AM
(#24753339)
> estimated the previous day
Real time pricing sounds great, but all the supply and demand effects economists love go away when you delay pricing effects by a day... Why do that?
Re:ElectricityMap – Live CO₂ emissions of electricity produc...
by JosephRedfern on Monday October 12, 2020 @08:12AM
(#24753591)
I don't disagree that it has downsides, but for your average consumer, having that advance notice is probably quite useful/reassuring when it comes to scheduling car charges and other essentials.
Their "Agile Octopus" tariff has 30-minute pricing windows, estimated the previous day. Electricity is cheap in the early hours where there's a surplus, and expensive at dinner time. Idea being you can charge your EV and do your tumble-drying at the cheapest possible time. There has been negative unit pricing in the past, when generation has far exceeded demand (i.e. early hours of the morning on a windy day).
More info here: https://octopus.energy/agile/