Peak energy times explained as money-back schemes announced
dailyrecord.co.ukA number of schemes are being introduced next month that will see UK households receive money back on their bills for reducing energy usage during peak hours.
The National Grid, OVO and Octopus Energy are all running schemes in order to reduce demand during busy periods. This comes amid warnings of a "challenging" winter, which could see three-hour power cuts implemented in order to protect energy supplies, although this is "unlikely", according to The National Grid Electricity System Operator.
While Britain is not dependent on Russian energy imports, the invasion of Ukraine has contributed to soaring energy prices. These opt-in services incentivising off peak energy use will help avoid blackouts during the winter.
These schemes could also provide essential financial support during the cost of living crisis, but there are some details and requirements that consumers should be aware of.
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