He added it "should not have a negative impact" on consumers as its aim was to balance the power grid at a times of the year when heating and lighting causes overall electricity demand to be higher.
The way customers would redeem savings has not been established, but Octopus Energy said its consumers received credit on their energy accounts and also had a "self-refund option" where they could get cash transferred to their bank accounts. Energy supplier Octopus Energy, which trialled National Grid's proposals, said smart meter customers who reduced their consumption on evenings when demand is highest manged to save cash.
Greg Jackson, chief executive and founder of Octopus Energy said traditionally at times when demand was high, National Grid would pay large companies to reduce their usage, or pay for "diesel generators to switch on to produce electricity". Energy firms have been asked to delay the closure of UK coal-fired power plants by the government, which has said it is exploring "a wide range of options to further bolster our energy security and domestic supply".
Already do.. (have been on the pilot) - basically you get paid for not pulling power from the grid at peak times. Its not loads of money, but if you are flexible and can adjust when you use power, it all helps.
And the WEF Nazis will thank you for being so obedient, now your 'smart meter' will only allow you to have electricity on a Monday, Wednesday, Friday. Enjoy the GreatReset the likes of BBC are pushing for. (BBC are known supporters of the terrorist WEF).