Octopus Energy Export Rate 2.5p Above Electricity Price
Octopus Energy has been pioneering the green revolution, and with its new electricity export rates, you can benefit from the best prices in the market. Thanks to the new flexible tariff, Octopus Flux, you can get more for exporting your electricity at peak times. Created exclusively for customers with both solar panels and a solar battery, it gives you greater control over renewable energy generation and how it works for you.
While energy security is decades away, Octopus Energy is doing all it can to help support the national grid in the meantime. In this tariff, you can make use of cheap electricity between 2.00am and 5.00am, giving you the option of topping up your battery. Between the hours of 5.00pm and 7.00pm, you can export any surplus energy back to the grid for a premium price.
In this way, you don’t have to worry so much about your solar panels not capturing as much energy from the sun during the day, especially during winter, while making money off exports during peak evening use. The incentive to export during this time reduces the burden on the grid, making sure reserves aren’t depleted and non-renewable energy doesn’t have to be used.
Octopus Energy’s rates are shown in the table below.
Compared to Octopus’ Outgoing Fixed export rate of 15p/kWh, the Flux tariff offers a substantial increase in the amount you can earn, by over 143% at peak times. Other electricity companies currently offer the following best prices for exporting your electricity:
British Gas - 6.4p/kWh
EDF - 5.6p/kWh
E.ON - 5.5p/kWh
SSE - 3.5p/kWh
Utility Warehouse - 2p/kWh
If you consider that electricity is currently fixed at 34p/kWh to buy, you can effectively make money by exporting it back to the grid during peak hours with Octopus Energy’s new tariff. Unfortunately, to be able to qualify for this, you will need a solar battery to be installed first. If you don’t currently have one, there’s plenty of advice available about solar batteries on our website.
You do need solar panels before you can sign up to Octopus Flux, and these can be installed by any supplier. The MCS documentation will also need to be sent to them as proof that your system has been installed by an accredited supplier and that you’re eligible to generate and export electricity.
Additionally, you also need a smart meter for this tariff. This is because half hour readings need to be taken in order for the bills to be accurate. If you don’t have a smart meter, you can contact Octopus Energy and they will book in a technician to have one fitted for you for free.
Finally, you do need to be an Octopus Energy customer to sign up to this tariff. If you’ve got all the boxes ticked, you can register your interest on their website by adding your name to the waitlist. Signing up online will be available in due course while the company sorts out the finer details about the tariff.
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