Energy was last better‑than‑free: yesterday Next

On the Agile Octopus tariff, customers get paid to use electricity when there’s too much in the grid.

That’s cheaper than Octopus Energy paying to store it.

The price changes every half-hour.

How free electricity works

Region

Negative prices (overnight)

Research notes

Figures are for London unless they say otherwise.

What happened

  • Mon 2 Nov: London was below zero for 2 hours (longest spell 1 hour from 02:00), min −1.4p at 02:30; average 8.5p, peak 29.0p at 17:30; all 14 regions at 0p or below; lowest −1.7p in Northern Scotland.

Likely causes

  • Mon 2 Nov, 02:30 (London's lowest half-hour): wind 11.7GW (49% of supply), solar 0GW, gas 4.2GW (18%), imports 0.5GW, total supply 24GW. Over the day wind averaged 12.7GW; the 2020 average was 7.8GW (25%). Source: NESO historic generation mix. (figures confirmed by source; link to prices is inference)
  • The low came overnight on Mon 2 Nov, when demand is at its lowest (total supply as low as 24GW, against a 2020 average of 31.4GW). (inference)

Wider context that week

Confidence

Low. Neither the grid figures nor any report found clearly explain this date.

Gaps

  • No news report or official write-up found that ties this date to a cause; the causes above are from the data.
  • Elexon's system warnings feed has no entries before mid-2023, so warnings for these days couldn't be checked there.

More notable days

Half-hourly prices

Monday 2 Nov 2020 · half-hourly prices

South Eastern England

2am 4am 6am 8am 10am 12pm 2pm 4pm 6pm 8pm 10pm Now

Stats for Monday 2 Nov 2020

−1.6p

Cheapest half-hour 2.30am – 3am

30.6p

Dearest half-hour 5.30pm – 6pm

2 hours

Negative prices in 3 spells

−0.5p avg

Cheapest 3 hours 2am – 5am

9.2p

Average price on 2 Nov 2020

Show as a table
TimePrice
12am – 12.30am1.0p
12.30am – 1am2.2p
1am – 1.30am1.5p
1.30am – 2am0.0p
2am – 2.30am−0.2p
2.30am – 3am−1.6p
3am – 3.30am0.5p
3.30am – 4am−1.5p
4am – 4.30am0.2p
4.30am – 5am−0.2p
5am – 5.30am4.1p
5.30am – 6am4.9p
6am – 6.30am6.0p
6.30am – 7am8.4p
7am – 7.30am8.0p
7.30am – 8am9.2p
8am – 8.30am9.9p
8.30am – 9am11.1p
9am – 9.30am12.2p
9.30am – 10am11.6p
10am – 10.30am11.2p
10.30am – 11am9.8p
11am – 11.30am9.2p
11.30am – 12pm9.6p
12pm – 12.30pm9.2p
12.30pm – 1pm9.0p
1pm – 1.30pm8.2p
1.30pm – 2pm7.9p
2pm – 2.30pm8.1p
2.30pm – 3pm8.0p
3pm – 3.30pm9.5p
3.30pm – 4pm9.3p
4pm – 4.30pm22.8p
4.30pm – 5pm26.7p
5pm – 5.30pm27.9p
5.30pm – 6pm30.6p
6pm – 6.30pm27.4p
6.30pm – 7pm25.1p
7pm – 7.30pm12.2p
7.30pm – 8pm9.2p
8pm – 8.30pm9.5p
8.30pm – 9pm9.2p
9pm – 9.30pm10.5p
9.30pm – 10pm9.2p
10pm – 10.30pm9.2p
10.30pm – 11pm6.5p
11pm – 11.30pm5.9p
11.30pm – 12am4.4p