Smart meters will allow energy firms to introduce “surge pricing”, one of Britain’s biggest gas and electric providers has admitted for the first time.
New deals which will mean the price of energy fluctuates every half an hour will be introduced as soon the energy regulator has given them the green light, Scottish Power told the Telegraph.
The controversial tariffs rely on smart meters and will radically change the way households consume energy, leading to them paying more for watching television, charging gadgets and running the washing machine during popular times such as in the mornings and evenings.
Energy prices for customers on such tariffs will peak on special events like Christmas Day and Easter, when millions of households are all using ovens at the same time
Let us all be totally clear – nobody will save money, as the total cost of producing electricity will keep on increasing as more and more subsidised low carbon generation is added.
Any savings from night time usage will be more than offset by higher daytime charges.
The govt claims we will save money, but its obsession with renewables is massively increasing energy bills. Part of this extra cost funds payments to proper power suppliers to provide standby for when wind and solar farms cannot supply. By shifting demand to nighttime, it hopes to marginally reduce these extra costs, but in reality it will make little difference at all.
If we all cook our tea, do our washing and watch TV in the middle of the night, we will still be no better off.
Put another way, for everyone who gains, someone else will lose.
As for having Xmas dinner at 4am, I think I’ll pass!
So let’s get to the nitty gritty. What smart meters are really about is rationing power when intermittent renewables fail to supply.
There will be times when wind and solar are producing little. When that happens, power goes to the highest bidder, and sod the rest.
There is the naive assumption that in our glorious renewable future, we will be able to get by without wind and solar power simply by switching consumption to night. Unfortunately the wind does not always blow at night, and the sun definitely does not shine.
Which raises the question-how will we charge our wonderful EVs?
Finally, let me leave you with this conundrum.
It has been suggested by supporters of smart meters that they “optimise” electricity generation. ie there is unused generation idle at night, which is a waste of money.
So let’s use the same arguments with supermarkets. Would it not be logical for Tesco, Asda and the rest to shut down half of their shops, as half the time they are not full?
Of course, if they did that, there would be times when they had more customers than they could cope with.
Using the smart meter logic though the solution would be easy-double your prices during busy periods, so as to encourage customers to shop at night.
Somehow though, I doubt Tesco’s customers would be too happy!!!
Finally, one further thought.
One of the big factors behind smart meters is to direct EV charging towards nightime. Assuming this provides cheaper electricity rates, what about those poor saps, who make up half the population that have no offstreet parking? They will have no alternative but to pay daytime rates to queue up at public outlets.
Somehow I can’t see them being too happy!!
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July 31, 2018 at 04:54PM