The ESB has confirmed that a minimal number of smart meter customers in Ireland are using the ‘time-of-use’ feature - which could save them money depending on their energy use habits.
It was confirmed today that just 4% of more than 900,000 households are using the service available on smart meters, which would bring an end to their estimated bills going forward. A ‘time-of-use’ tariff is a time-based billing structure which means the rate charged for each unit of electricity consumed varies depending on the time of the day.
For example, you could have one rate for electricity consumed during the day, another rate for electricity consumed during the night, and another rate for electricity consumed during peak hours. The Standard Smart Tariff time structure is:
