The National Grid ESO has raised the discount it will offer for Brits who use energy outside of peak hours.
It means that you could save a fortune on your energy bill by not using electric-hungry appliances when average use is at its highest. The discount on offer is now being increased from 52p per kilowatt hour to a whopping £3.
Therefore, you could save on average £100 this winter just by changing the times you use large appliances such as a washing machine or cooker. Brits have previously been warned that they could face three-hour blackouts when temperatures reach their coldest in the coming months, the Mirror reports.
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Fintan Slye, director of National Grid ESO, said in The Guardian that businesses and homes "can become virtual power plants and, crucially, get paid like one too". He added: "For a consumer that could mean a typical household could save approximately £100.
"Or industrial and commercial businesses with larger energy usage, they could potentially save multiples of this.” The new 'Demand Flexibility Service' was first published by the ESO last month, however, it is up to each individual energy supplier if they want to sign up or not.
If they do, then customers will be financially encouraged to use less energy during peak times. Another condition to take part is that customers will need a smart meter fitted into their homes.
The whole idea behind using less energy during peak hours is that it should put less pressure on power grids and lessen the chances of blackouts. Customers will reportedly be contacted with a time slot in advance if power cuts in their area become likely.
The message is expected to ask customers to use electricity when demands are lower - typically after 7pm, although this may vary depending on your area. If households do use electricity outside of peak hours, then they will receive payment as a reward to help them lower their energy bills.
Customers are expected to be able to take part in the scheme between November and March 2023.
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