Households could be paid hundreds of pounds for using electricity at off peak times, according to reports.
It has been reported that the National Grid is to increase the amount it pays households for using appliances at certain times. As Hull Live reports, the financial incentive for those who move their power usage away from peak time is set to rise to £3 per kilowatt hour instead of 52p.
This comes in a bid to encourage households to use appliances such as washing machines late at night and result in a saving of £100 over this winter. Recently the National Grid has warned that there could be blackouts in the coming months if gas power plants are not able to keep running due to the energy crisis.
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They add this is unlikely but this winter could have the first planned blackouts which the grid calls rota load shedding, since the 1970s.
Writing for the Guardian, Fintan Slye, the director of National Grid ESO, said on Thursday: “Businesses and homes can become virtual power plants and, crucially, get paid like one too. For a consumer that could mean a typical household could save approximately £100 and, for industrial and commercial businesses with larger energy usage, they could potentially save multiples of this."
Peak hours of electricity usages comes is normally during the period from 4pm and 7pm when people get home from work, put the kettle on, make dinner and watch the TV. The new incentive to pay people if they change the time that they use energy is expected to start in November and only households with smart meters installed will be eligible, which is around 14 million homes in the UK.
Mr Slye said people should contact their energy supplier if they want to take part or find out more about the amount they will be paid.
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