A smart energy grid will mean people being more flexible in the way they use energy. Time-of-use tariffs have long been proclaimed as a way to encourage households to do this, by using energy at times when it’s most abundant, and to use less at the peaks. Smart meters, available from your energy supplier, are making these tariffs increasingly available with three suppliers now offering them to customers and more planning to do so in future. Smart meters, combined with these tariffs, mean that consumers are firmly in control of their energy use and have the potential to make financial savings. People can save money using a time-of-use tariff if they are able to shift when they use energy to a time when demand is low, for example, using their washing machine later in the evening. Using smart home appliances will also make it easier for people to get the most out of their time-of-use tariffs as they can be programmed to work during off-peak periods.
Herald 23rd Aug 2019 read more »