• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Households Could Be Offered Cheaper Energy For Cutting Usage At Specific Times

Home> News

Published 21:15 27 Jun 2022 GMT+1

Households Could Be Offered Cheaper Energy For Cutting Usage At Specific Times

The initiative could save people money and lower the risk of blackouts

Jake Massey

Jake Massey

Energy bills are continuing to soar, but a new scheme could offer people discounts for cutting their usage at specific times.

Russia's invasion of Ukraine has added to the rising cost of living by exacerbating turbulence in international energy prices, and there are fears short supplies could lead to blackouts this coming winter.

But a new initiative from the National Grid's electricity system operator (ESO) could reduce this risk - and energy bills - by incentivising a reduction in use during peak windows.

Advert

A 'successful' trial was run in February and March, when 100,000 Octopus Energy customers weren't charged for the energy they used in specific timeframes - so long as they kept it below a predetermined limit.

The idea, known as 'demand shifting', aims to encourage people to carry out activities such as using the washing machine and charging electric vehicles at off-peak times.

It is hoped it could help families to reduce their energy bills.
Pexels/Mikhail Nilov

Households pay an average of 28.34p for each kilowatt-hour of electricity they use, but could instead potentially be paid as much as £6 for each kilowatt-hour that they avoid using at peak times, according to initial proposals seen by The Times.

Millions of households could now be added to the scheme, though a smart meter is required to take part.

Advert

Demand shifting is being explored by ESO as a means of working towards the net-zero target, and it is hoped it could benefit those who take part and consumers as a whole by reducing bills.

An ESO spokesperson told LADbible that the idea could bring about a range of benefits.

They said: "Demand shifting has the potential to save consumers money, reduce carbon emissions and offer greater flexibility on the system and some forms of demand management are already used today to help balance the system.

"We recently ran a few small successful trials with Octopus to see what can be achieved from an aggregated consumer demand response and there's now more work to do with industry to consider how we can roll out the service.

"Innovation that drives consumers value and reduces carbon emissions will always be deployed as swiftly as possible, in a tested, safe and reliable way."

Advert

It comes as Boris Johnson has reiterated that the 'price of freedom is worth paying' and the UK must be prepared to support Ukraine's fight against Russia for as long as it takes - despite the cost.

Speaking at the G7 summit in Germany, he told the BBC: "I think that the economic impacts on the UK will start to abate, we'll find ways around things and some of the cost pressures will start to come down.

"But just in terms of staying the course, imagine if you didn't. Imagine if we allowed Putin to get away with the violent acquisition of huge chunks of another country, a sovereign, independent territory – the lessons for that would be absolutely chilling in all of the countries of the former Soviet Union, you can see what's happening in the Baltic countries already.

"But the read across would also be felt in east Asia, as well.

Advert

"So, in terms of the economic effects of that, that would mean long-term instability, it would mean anxiety across the world."

Featured Image Credit: Shutterstock

Topics: UK News, Money

Jake Massey
Jake Massey

Jake Massey is a journalist at LADbible. He graduated from Newcastle University, where he learnt a bit about media and a lot about living without heating. After spending a few years in Australia and New Zealand, Jake secured a role at an obscure radio station in Norwich, inadvertently becoming a real-life Alan Partridge in the process. From there, Jake became a reporter at the Eastern Daily Press. Jake enjoys playing football, listening to music and writing about himself in the third person.

X

@jakesmassey

Advert

Advert

Advert

Choose your content:

6 mins ago
13 mins ago
an hour ago
  • 6 mins ago

    Kid Cudi says Diddy blew up his Porsche and ‘messed with his dog’ after finding out he was dating Cassie

    The rapper, real name Scott Mescudi, has taken to the stand to share his side of the story

    News
  • 6 mins ago

    New study uncovers easier alternative to fasting by changing habit for two days a week

    Turns out there are easier ways to shed those pounds

    News
  • 13 mins ago

    Eating common plant extract could prevent bowel condition that five million people live with

    See, eating your greens is good for you

    News
  • an hour ago

    Discovery of 'banned gospel' challenges everything known about Jesus and Christianity

    The text is not recognised by the Catholic Church due to the difference in teachings from the Bible

    News
  • Going to the toilet more often during the night could be major red flag for a specific type of cancer
  • Met Office recommends UK households to have six specific items before weather warning comes into place tonight
  • Expert explains why it can be cheaper to have your heating on in the middle of the night
  • Why booze companies are cutting strength of beer as popular drink latest to be reduced