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In the UK energy supplier Octopus has an "agile" tariff which is similar to griddy (we are increasingly getting negative prices here). However, it has a 35p/kW
by martinald 6y ago
In the UK energy supplier Octopus has an "agile" tariff which is similar to griddy (we are increasingly getting negative prices here).
However, it has a 35p/kWh price cap (2-3x average rates).
I don't understand why Griddy didn't do something similar. Even a $1/kWh price cap would have really helped them.
- mytailorisrich 6y agoIn the UK, consumer and contract law mean that it is not possible, afaik, to have 'open-ended' contracts. I.e. a party to a contract must always be able to determine how much entering into the contract is going to cost them and/or they must be be able to leave with a capped and known worst-case. That's why there are always caps or capped increases.
- AnssiH 6y agoSimilar with my provider in Finland, capped at 0.085€/kWh (approx. 2x avg): https://www.sahkolaitos.fi/en/products/tuntisahko/ https://www.sahkolaitos.fi/en/products/tuntisahko/
- martinald 6y agoWow, those are some great prices! How come Finnish electricity is so cheap?