If your lifestyle is flexible in terms of when you use energy, the Agile Tariff is most likely a safe choice for you. Much like the stock market, energy wholesale pricing is fluid. Pay low, usage high.
The Octopus Flux, on the other hand, is better suited to those whose day to day routines are more predictable. Flex offers four different rates throughout the day, with the lowest rates typically available during off-peak hours.
The Flex tariff is more straightforward and doesn't require as much planning, but it doesn't offer the same potential for savings.
Customer satisfaction is generally high, with many customers appreciating the transparency and flexibility offered by Octopus Energy.
Like the Agile tariff, Octopus Flux is compatible with a range of energy products in addition to GivEnergy. These products include batteries, electric vehicle chargers, and smart home devices that can help you manage your energy usage more effectively.
The Flux plan, while offering a degree of flexibility, has a few drawbacks. One of the main disadvantages is that it can be complex to understand and manage. It involves dynamic pricing, which changes based on the demand and supply of electricity. This means that prices can fluctuate throughout the day, making it difficult for users to predict their energy costs. Another downside of the Flux plan is that it may not be suitable for everyone. For instance, if you are home during peak hours and use a lot of electricity you actually may end up paying more. Also, it requires users to be proactive in managing their energy usage, which can be time-consuming.
On the advantage side, Octopus Flux offers cheaper rates during off-peak hours. This can be particularly beneficial for users who can shift their energy usage to these times, such as charging electric vehicles overnight or running high-energy appliances. Another advantage of Octopus Flux is its transparency. The rates are clearly displayed and updated every half hour, allowing users to plan their energy usage accordingly. This can help users to save money and make the most of the cheaper rates.
Octopus Flux is compatible with a range of smart devices. This means that you can automate energy usage to take advantage of the cheaper rates. For instance, smart thermostats can be programmed to heat the home during off-peak hours, and smart plugs can be set to run appliances at the cheapest times.
Finally, the Octopus Flux also offers a green energy option. This means that you can choose to source your electricity from renewable sources, which can help to reduce their carbon footprint.