Octopus Plunge History
A unique benefit of electricity pricing tied to the wholesale price is that these prices can go negative. This means you'll get paid for electricity consumed, which will actually reduce your bills!
Unit pricing tends to be lower when there is high supply, for instance during a particularly windy day or on a day with high solar generation. When this happens at the same time as a period of low demand (e.g. night-time, weekends or bank holidays) this can result in negative, or "Plunge" prices.
| Most Recent | 06 Dec 2024 (2 days ago) |
|---|---|
| This Month | 0 hours |
| This Year | 180 hours |
| Last Year | 134 hours |
| Record Rate | -19.4p on 02 Jul 2023 (525 days ago) |
Trend
Plunge pricing events are becoming more frequent due to the growing reliance on renewable energy, particularly wind and solar. These sources can overproduce during periods of low demand, causing negative wholesale electricity prices. Limited grid storage and the need to balance supply and demand drive such incentives.
These rates represent the average across the entire country. To see the most accurate values, please choose your region:
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