Oct 20, 2022

National Grid raises discounts for off-peak electricity use

The value of discounts on electricity bills for households that cut peak-time use is to be raised, National Grid ESO has said. National Grid said at the beginning of October that in a worse-case scenario, planned power cuts could be necessary if gas supplies run very low. Writing in the Guardian on Thursday, Fintan Slye, the director of National Grid ESO, said businesses and homes "Can become virtual power plants and, crucially, get paid like one too". The service, which National Grid wants to launch in November, will only be available to homes with smart meters installed. There are about 14 million households with electricity smart meters in the UK. Many households have been struggling with higher bills as energy prices soar.

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