• Home
  • /
  • Posts
  • /
  • News
  • /
  • National Grid to pay households and businesses to cut electricity use again

National Grid to pay households and businesses to cut electricity use again

British households and businesses will be paid to cut their electricity use again as National Grid aims to reduce the strain on the energy network.

by | 23 Jan, 2023

The electricity system operator (ESO) said on Monday it was looking for bids from suppliers to help save up to 341MW of power between 4.30pm and 6pm on Tuesday.

The plan, which could still be abandoned if conditions improve, would help balance supply and demand across Great Britain by encouraging consumers to cut their usage or shift it outside the time period.

The “demand flexibility service” had only been used in trials before its first live use – during a “saving session” scheduled for between 5pm-6pm on Monday.

The scheme is only open to businesses and households with a smart meter whose supplier or aggregator is one of the 26 firms to have signed up.

More than 1m households and businesses have signed up to participate and most suppliers have closed the scheme to new participants. The household suppliers include British Gas, E.ON, Octopus Energy and EDF.

Under the initiative, a household’s power use will be compared with their normal usage for that time of day, and they will receive about £3 for every kilowatt hour saved.

Read more at The Guardian

More from Financial Accountant

How the UK’s rollback of banking regulations could risk another financial crisis

How the UK’s rollback of banking regulations could risk another financial crisis

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

Share This