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MGSteve
Rank 6
November 5, 2023
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Why do the Power Move Plus payment rates appear to be different from what the National Grid are offering for Demand Flexibility Service (DFS)?

  • November 5, 2023
  • 11 replies
  • 548 views

Hi All,

 

Just been on the National Grid and noticed that they are appear to be paying a minimum of £3 for each unit saved during the 12, or so, upcoming Power Move Plus periods!  Any comments?  

 

Regards, Steve

Best answer by Blastoise186

Updated on 15/11/23 by Abby_OVO

 

If the amount you get is 80% of what the scheme provider gets, then if they received £6 per kWh, you’d get 80% of that £6 and they’d keep the other 20%. Keep in mind that the cut taken varies based on several factors, such as which provider you choose.

If the one you have is evil enough to swallow a 90% commission, you’d get barely anything.

It is illegal for energy suppliers to sell your data, that’s true. But that doesn’t stop third parties from doing so that you authorise to access your data - they can potentially do whatever they want with it. Always read the small print!

After all, Facebook makes an absolute fortune out of selling your data to advertisers, yet no-one moans about it…

 

For more information on Power Move Plus, check out our FAQ topic below:

If you’re not yet signed up you can do that here.

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Firedog
Super User
FiredogSuper User
Super User
November 5, 2023

Well somebody’s making a killing at our expense!!! 

 

 

Not electricity suppliers, I think. On the account site’s home page, there’s a link to this page: Energy Price Cap: Everything You Need To Know | OVO Energy There you’ll see that the price suppliers can charge per unit is limited by the price cap, laid down by Ofgem. The EPC has been in place for almost five years. Ofgem also fix the daily standing charge. As far as I’m aware, there’s only one company offering to supply at a price below the EPC, and that’s tied to all sorts of conditions. 

Public services that depended on energy suppliers’ excess profits for their funding would soon run aground, as far as I can see.

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