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How will the Money off Energy Scheme know how much energy i am not using during the peak time?

Electricity, Tariffs, Monitoring & Providers

Last Post by Andris 3 years ago

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Andris

(@andris)

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Topic starter 04/11/2022 8:31 am

BBC.CO.UK "https://www.bbc.co.uk/news/business-63483668"

Money-off energy scheme launches to avoid blackouts - BBC News

Households with smart meters could save up to £100 on bills if they cut peak-time use over winter.

I came across this article above. Does anyone know how will this atchally work? They say if u save 1kw during peak time u get £3for each kw. How will they know how many kw I didn't use during peak time? Woll they somehow know from smart meter the peak time usage from past days?

16kw Samsung TDM ASHP. 8.4kw PV, power optimizers 20×420watt panels 6kw SolarEdge inverter.

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ronin92

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04/11/2022 9:46 am

I think the £3 is what it's worth to suppliers to achieve that reduction. How they persuade you to comply is up to them. Here's a summary of schemes to date. The deafening silence from the big suppliers may reflect a complete lack of interest on their part in doing anything at all.

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Andris

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Topic starter 04/11/2022 9:58 am

But how will they know how much I saved?

16kw Samsung TDM ASHP. 8.4kw PV, power optimizers 20×420watt panels 6kw SolarEdge inverter.

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ronin92

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04/11/2022 10:08 am

@andris Did you look at the link on "summary"? For example, with Ovo, they want you to reduce your energy consumed during the peak period to <12.5% of your total use. If you do for any particular month, they pay you a flat £20. Octopus scheme is like this.

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Andris

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Topic starter 04/11/2022 10:13 am

I see..... so it is not by how many kw I save during those peak hours.

16kw Samsung TDM ASHP. 8.4kw PV, power optimizers 20×420watt panels 6kw SolarEdge inverter.

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ronin92

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04/11/2022 10:31 am

@andris Not for Ovo. But the Octopus link I supplied earlier appears to suggest they look at your reduction relative to your average at those 2 hour moments they invite you to reduce consumption.

👍

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Derek M

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04/11/2022 1:36 pm

@ronin92

I suppose those with a heat pump can preheat their home prior to the 2 hour period and then drop the setpoint so that their heat pump does not operate during that period. My wife and I have already reduced our consumption as much as possible during the peak period, so would probably struggle to reduce our average 4kWh per day any further.

People with battery storage may also be able to benefit.

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mjr

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05/11/2022 5:33 pm

Posted by: @ronin92

@andris Not for Ovo. But the Octopus link I supplied earlier appears to suggest they look at your reduction relative to your average at those 2 hour moments they invite you to reduce consumption.

This is stupid and, unless they add countermeasures, will encourage people to move usage to peak times on not -saving days, so as to raise their average saving and thereby payment. I really hope they rethink before doing it.

👍

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Derek M

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05/11/2022 5:37 pm

Posted by: @mjr

Posted by: @ronin92

@andris Not for Ovo. But the Octopus link I supplied earlier appears to suggest they look at your reduction relative to your average at those 2 hour moments they invite you to reduce consumption.

This is stupid and, unless they add countermeasures, will encourage people to move usage to peak times on not -saving days, so as to raise their average saving and thereby payment. I really hope they rethink before doing it.

People would never do that mjr!!!! 😋

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