naltsta If I have 1kWh in my battery I can either export it for 36p and have to buy it back later (direct grid usage) for 33p at net gain of 3p/kWh
or
not export it and use it later at net zero cost.
But assuming that its a 10% loss you're not getting paid 36p, you might only be getting 32.4p.
So, sell it for 32.4p and then import it back at 33p (or 36.3p if feeding the battery), or don't sell it at 32.4p and just use it.
As I said, if it looked like the number stacked up to do it great, but I think they've been smart enough to make it so that it basically isn't. Lots of people will be trying to find the best ways to min/max the tariff over the coming months and as I've said before, I look forward to seeing the results.
Perhaps the cycles used isn't something to worry about. If we say that, my question is still what is the benefit in doing it. It should in theory be buying at 20p and selling at 36p = profit, That's how it looks, I just don't see it in the actual numbers.
I'm going to try and make a sheet with some data to look at it further.
THALL So 1 thought, if i take my best PV day so far this year. 26th feb. generated 30.4kwh. I only exported 0.3kw as I used it all, home and EV. But to make money......
Plan
1, Fully charge home batteries and EV during cheap 3 hour. So for me single AC3 9kwh plus 16kw for my car. 25 x 0.2103p = £5.25 cost (note there will be extra costs for me as a single AC3 does not run the over etc)
2, I can dump all my solar to the grid. 17.7kw (I know it wont work like that but to keep it simple) so 30.4 x 0.2406p = £7.31 income
3, dump my battery into the grid at peak export rate, assuming 300w background usage so export 8.1kw max. 8.1 x 0.3808p = £3.09
4, keep in mind standing charge 0.3729p
Costs for the day £5.63
Money raised by export £10.04
Profit/credit for winter £4.77
I don't personally want to see the higher grid use, I am trying to be ECO friendly. But I can see how flux can make some money back/winter credit.
Did I misread something? You said you would sell all 17.7kwh of PV to the grid, but then used 30.4 in your calculation. That drops the PV export to £4.25.
Also to go from 7pm to 2am at 300w avg you need 2.1kwh so would only have 7.4 left, and to dump 7.4kwh would take an AC3 2.5 hours, so in that time you'd also need (assuming the same 300w average) .75kwh just for the home, so now you've only exported 6.65 kwh for £2.53
Those 2 changes drop your credit down to £1.15, I think?
Again its all simplified, we aren't using real half hourly data which would be great. We are assuming you cook your dinner on a BBQ and not the oven in the peak time, we are assuming all your PV export is at day rate and none at the peak rate which some of it would be and we're not really factoring losses accurately which with some fine margins might matter.
As you said, there is an Eco element to all this, but if your supplier is supplying 100% green energy already then you're not hurting anything. I'm certain Octopus' goal is simply to get people like me who can live off say 10kw to pump it from 2-5 and then slowly dump it, with anything extra left that you might want to force dump in the evening as a bonus.
The Home assistant routines could get quite complicated!