Jun 27, 2022
Lower energy bill plan for avoiding peak-time use
The company said the scheme was "Not about energy rationing", despite fears over energy supplies after Russia's invasion of Ukraine affected oil and gas supplies to Europe. Last week, National Grid ESO hosted a webinar with energy suppliers to ask and understand how feasible its proposals would be if it rolled out the scheme country-wide, following its trial with Octopus Energy in February. The way customers would redeem savings has not been established, but Octopus Energy said its consumers received credit on their energy accounts and also had a "Self-refund option" where they could get cash transferred to their bank accounts. Energy supplier Octopus Energy, which trialled National Grid's proposals, said smart meter customers who reduced their consumption on evenings when demand is highest manged to save cash. Energy firms have been asked to delay the closure of UK coal-fired power plants by the government, which has said it is exploring "a wide range of options to further bolster our energy security and domestic supply".
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