Millions of households have the opportunity to be paid for cutting back on their energy use tonight.
British Gas, OVO, EDF, Octopus and E.On customers will be part of the first trial of the Demand Flexibility Service (DFS) delivered by the electricity system operator National Grid (ESO) tonight.
This scheme rewards households for reducing their energy consumption during certain specific periods.
Electricity system operator National Grid (ESO) will be holding its first DFS test event on 16 November from 5pm to 6pm and 5.30pm to 6.30pm.
As the energy price cap is predicted to rise by five per cent, households are advised to make whatever savings they can where possible.
Cornwall Insight has today announced a projected rise of five per cent to £1,931 for a typical dual-fuel household from January to March 2024, ahead of next week’s price cap decision.
The National Grid ESO has previously stated that they expect to pay the equivalent of £3 per unit (kWh) savings to suppliers and therefore it would be worth participating in the scheme for the savings.
These savings should be passed on to customers through rewards such as pounds, points or prizes. However, it is up to the suppliers/suppliers to pass this on.
The scheme, which was launched last year, was relaunched on 30 October this year and since then 1.4 million people have signed up to take part.
Simon Francis, coordinator of the Coalition to End Fuel Poverty said: “Families should look at any schemes that help reduce energy bills.
“However, in the case of a family with children, parents often have to use energy at specific times of the day due to the demands of the family it can be difficult to match a family’s energy needs with what is required by the National Grid for them to do.
“Business households will also be concerned about the bureaucracy associated with such programs. Innovative ideas such as timing-based pricing have their place, but what we really need is tariff reform that works for everyone, such as Tariff Emergency Energy for vulnerable groups and a Help To Repay scheme for families in energy debt.”
The National Grid ESO has said that the whole scheme is to reduce your energy use where possible and they don’t want people to “go without electricity”.
If people register and for any reason cannot reduce their electricity consumption during the event, they will not receive a penalty.
The service is still open to new registrants and has already collected over 400,000. The full list of registered suppliers is available on the ESO website and households will need to have a working smart meter in their home.
Businesses across the UK are also being encouraged to take part in the scheme. Adam Hall, Director of Energy Services at Drax Energy Solutions said: “As well as helping Britain keep its lights on this winter, businesses taking part in the DFS scheme are set to make significant financial progress.
“Last year, Drax customers earned £3,000 per MWh for reducing their power consumption. We observed a reduction of 287 MWh during test events – enough to power 574,000 UK homes.”
Despite energy assistance, almost two-thirds of young people (aged 18-24, 63 per cent) are cutting back on their energy use, according to new research commissioned by the Warm This Winter campaign.
The energy bill crisis is now predicted to be so severe that a wide range of health, poverty, housing and environmental organizations and academics have written to the Chancellor, ie Jeremy Hunt MP, to call for the introduction of an Emergency Energy Tariff.
The Emergency Energy Tariff the current Energy Price Guarantee mechanism would be used to set the unit costs and fixed charges for vulnerable groups at a lower level.
Campaigners have suggested this is set at the levels of energy bills in winter 2020/21, which would reduce eligible households’ monthly energy bills by around £87 a month from current levels – a saving of around 46 per cent .
Although the recent mild weather has led to a slight decrease in gas prices, the energy price cap forecast suggests that any impact on bills in 2024 could be limited.
The limit is expected to decrease after March 2024, although it will remain elevated compared to historical levels.
The Emergency Energy Tariff the current Energy Price Guarantee mechanism would be used to set the unit costs and fixed charges for vulnerable groups at a lower level.
Campaigners have suggested this is set at the levels of energy bills in winter 2020/21, which would reduce eligible households’ monthly energy bills by around £87 a month from current levels – a saving of around 46 per cent .
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