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by martinald 1941 days 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.
2 comments
mytailorisrich 1941 days ago
In 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.
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AnssiH 1941 days ago
Similar with my provider in Finland, capped at 0.085€/kWh (approx. 2x avg): https://www.sahkolaitos.fi/en/products/tuntisahko/
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martinald 1941 days ago
Wow, those are some great prices! How come Finnish electricity is so cheap?
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