We’re actually excited that Form Shifters: Agile is right here. It is one in all our dynamic time-of-use tariffs that profit companies. Massive time.
Form Shifters prospects are reducing their vitality payments by as much as 25%. And we would like as many as prospects as potential to make financial savings of their very own.
So, here is some extra data on Form Shifters: Agile. We have compiled solutions to the most typical questions that we get about it. We predict this may be sure that Agile is as clear, accessible and straightforward to make use of as potential.
How Form Shifters: Agile works
What’s Form Shifters: Agile?
A typical day of Agile costs
Form Shifters: Agile is one in all Octopus’ good, time-of-use tariffs. It makes your corporation’ electrical energy cheaper more often than not.
Agile costs are totally different each half-hour. Every day, you possibly can see your charges for the subsequent 24 hours. You will make large financial savings by shifting some utilization into the cheaper intervals of the day (which, by the best way, is sort of all of them).
These modifications are in response to wholesale vitality prices, which differ all through the day based mostly on nationwide demand.
Agile passes these value variations onto you. When you use vitality at occasions when the grid is greener and cheaper, we predict it is honest that you just really feel the advantages.
What’s the distinction between Agile and Trio?
Agile is one in all two variations of Form Shifters. The opposite is named Trio.
Each give your corporation decrease costs for many of on daily basis. However, there are a couple of key variations. So, let’s discover how the 2 variations work:
Form Shifters: Agile
You may see your costs 24 hours upfront utilizing our Agile Portal or Agile API. So, you possibly can plan to make use of vitality when prices are down – and make large financial savings.
Electrical energy prices are low more often than not. However, the precise ups and downs will change on daily basis.
The value might generally plunge as little as £0 – and even into minus numbers! Which implies we’d be paying you to make use of vitality 🤩
Form Shifters: Trio
You will get 3 set vitality costs for various intervals of the day. This offers you 21 hours of cheaper electrical energy on daily basis – assured.
🌙 The evening price is the most affordable time to make use of electrical energy. It runs from midnight to 7am 🌙
☀️ The day price is cheaper than an ordinary contract. It runs 7am-4pm and 7pm-midnight ☀️
⏰ The height price runs 4-7pm. It is the best price, so it can save you through the use of much less right here ⏰
How do I do know whether or not Form Shifters: Agile is correct for my enterprise?
We have run some evaluation on the sorts of organisations that Agile works finest for. We discovered that:
- 75% of companies would lower your expenses simply by becoming a member of Form Shifters: Agile, with out altering their vitality habits; it is because they naturally use a lot of vitality away from peak occasions
- the best saving enterprise had been ones that:
- did not do all of their energy-intensive duties between 4pm and 7pm (on this interval, wholesale prices are larger and it prices extra to switch energy throughout the grid)
- use low-carbon tech, like batteries, photo voltaic panels and electrical autos (EVs)
- any enterprise can enhance their financial savings by shifting some vitality utilization away from the 4-7pm peak interval
- maintaining a tally of Agile costs helps Form Shifters to decrease their payments much more
Why is Form Shifters: Agile good for the atmosphere?
Agile incentivises folks to make use of extra vitality when the grid is greener. It is a kind of demand flexiblity.
Nationwide electrical energy demand is highest within the early night. As a rustic, we won’t but meet this demand with renewable electrical energy alone. We produce a great deal of inexperienced vitality, however not sufficient throughout these peak hours when nationwide demand spikes.
If we might unfold that demand all through the day, we would have sufficient inexperienced electrical energy to provide everybody on a regular basis.
Form Shifters: Agile helps to make this occur. It reveals that small companies generally is a large a part of a versatile vitality system.
Saving cash with Form Shifters: Agile
How does Form Shifters: Agile save my enterprise cash?
Agile provides you less expensive vitality, practically all day. Exterior of the trade peak interval (4-7pm), electrical energy prices much less to make use of. So, you possibly can decrease your payments by shifting some consumption away from peak occasions.
We’ve discovered that a great deal of companies are naturally off-peak vitality customers. Consequently, 75% of Form Shifters begin saving cash as quickly as they be part of – with out having to make any modifications to their vitality utilization. Which implies they get decrease payments for no effort. Groovy!
If you wish to improve these financial savings, you possibly can tweak your utilization habits accordingly – as the subsequent reply explains.
of Form Shifters lower your expenses on their vitality payments
The very best financial savings a Form Shifters buyer has made
The common invoice saving that Form Shifters make
How can I improve my enterprise’ financial savings?
You will most likely decrease your payments as quickly as you be part of Form Shifters, with out having to alter your vitality habits. That is what occurs for 75% of consumers that be part of.
However, if you wish to enhance these financial savings additional, you can also make some small modifications to how and whenever you use your electrical energy. Like these:
- Set machines and gear to run outdoors of peak hours
- Cost up large vitality customers – like laptops, batteries and electrical autos – in a single day
- Use your good meter or Octopus Dwelling Mini to identify what’s spiking your utilization at peak occasions
You may examine these – and a bunch extra useful ideas – in our weblog.
I can’t change once I use my electrical energy. Can I nonetheless profit?
Sure, completely! Agile gives you with costs that match the best way your corporation works.
When you’re like most companies, you naturally use most of your vitality outdoors of the 4-7pm peak. So, you may most likely lower your expenses as quickly as you be part of Form Shifters: Agile. That is what 75% of our Form Shifters prospects have executed, with out having to alter after they use vitality.
Does Form Shifters: Agile work with low-carbon tech?
Sure, undoubtedly. In actual fact, Form Shifters: Agile is completely suited to use with low-carbon tech. This is why:
You probably have a battery
Agile will work a deal with. Cost up your batteries in a single day, when electrical energy prices are actually low. Then, use that battery energy all through the day. You may keep away from drawing electrical energy from the grid at peak occasions – which means you possibly can slash your vitality payments.
You probably have photo voltaic panels
When it is sunny, you possibly can get pleasure from your freshly baked selfmade electrical energy through the day. Then, when the solar goes in, you can begin drawing electrical energy from the grid. After 7pm, this will probably be at Agile’s cheaper off-peak charges.
Or, in case you have a battery, you need to use your saved up photo voltaic electrons within the night as an alternative – which means you have to import even much less vitality.
You probably have an electrical automobile (EV)
Agile is nice for these too. You may cost your electrical automobile as much as full outdoors of peak hours, when vitality costs are low. Powering up in a single day will probably be about as low-cost a cost as you will get.
Becoming a member of Form Shifters: Agile
Is my enterprise eligible for Form Shifters: Agile?
Earlier than you make the transfer over to Agile, there are a couple of standards to fulfill:
- You may have a working good meter
- You’re updated on funds through Direct Debit
- Your account doesn’t have any overdue debt
Do I’ve to pay an exit payment to maneuver to Form Shifters: Agile?
No, there aren’t any exit charges in any respect. That is true for each variations of Form Shifters – Trio and Agile.
You don’t must pay an exit payment to maneuver out of your present Octopus contract to Form Shifters. Even when you’re partway by means of a set contract, you possibly can transfer to Form Shifters at any time with no exit payment.
There’s additionally no exit payment for leaving. So when you be part of and don’t prefer it, you possibly can change to a special tariff at any time.
I am an Octopus buyer. How do I be part of?
Simply head to the Form Shifters homepage. There, you could find out extra concerning the tariff and kick off your change.
When you’re partway by means of a set contract, don’t fear. You may depart that contract and be part of Form Shifters: Agile at any time. There’s no exit payment for switching.
Understanding Form Shifters: Agile pricing
How do you calculate the costs for Form Shifters: Agile?
We base Agile charges on wholesale vitality prices. In addition they issue within the value of getting your vitality to your corporation and occasional prices for utilizing the grid through the 4-7pm peak.
As these items change, your Agile costs comply with. For extra element, you possibly can learn concerning the formulation we use to calculate Agile charges.
How can I monitor my enterprise’ Form Shifters: Agile costs?
The Form Shifters: Agile portal
There are 3 methods to remain updated together with your unit price:
Within the Form Shifters: Agile portal
This reveals immediately’s and tomorrow’s charges, down to each half-hour. We publish the subsequent day’s charges between 4pm and 8pm every night.
By way of API
You may combine with the API to robotically obtain up-to-date Agile pricing information.
Do the costs change at totally different occasions of yr?
Sure, unit charges are likely to get decrease in the summertime. Which makes Agile an excellent brighter prospect for the sunnier months.
Power markets are seasonal. In the course of the winter, nationwide demand for vitality is larger. So, wholesale vitality prices – which Agile costs comply with – are typically larger too. However this reverses in hotter and lighter months.
That stated, the 4-7pm peak will all the time be the costliest time of day. Throughout this era, it prices extra to maneuver energy throughout the grid and get it to your corporation.
If you’d like extra element, try the historic vitality costs in our Form Shifters: Agile portal. These return to January 2025, when the tariff first launched.
Is there a restrict to how excessive or low my Form Shifters: Agile costs can go?
No, there’s no higher or decrease cap. The costs reply to modifications within the wholesale vitality market and – at peak occasions – the price of utilizing the grid. These can go up in addition to down.
We have written extra about how we calculate Agile charges. You can even use our Agile Portal to remain updated together with your costs. It reveals you your unit charges for the day forward. Plus, you’ll discover historic figures going again to January 2025 (when the tariff started).
And keep in mind – there is not any exit payment. So, if you wish to keep away from costs altering, you possibly can transfer to a special tariff at no cost.
