Energy companies want us to change our habits and use gas and electricity at different times of the day. We are told that this will help to take pressure off the national grid — and help us to cut our bills. It has long been assumed that the installation of smart meters in every home, which monitor exactly when a household uses power, was the first step towards smarter energy tariffs that reward consumers for using power at different times of the day. An increasing number of energy firms are offering these smart tariffs that vary electricity costs during the day and make it cheaper at night. The new “time of use” tariffs combined with a smart meter are intended to change our behaviour because we can see how much our usage at peak times is costing. Unfortunately the tariffs have been hampered by delays in the installation of smart meters as well as design flaws in the first generation of meters.
Times 8th Oct 2021 read more »