Millions of Brits being ripped off during UK Grid’s growing reliance on energy use rationing

Source: The Sun

Author: Ashley Armstrong

Published: Jan, 15 2025 00:00

MILLIONS are being ripped off during the UK Grid’s growing reliance on energy use rationing. Households have been asked by suppliers to reduce their power usage at peak times. The idea is to prevent blackouts when demand is high and supplies are low. firms are being handsomely rewarded by the Grid to promote this flexibility service, but some don’t pass on the full benefit via lower customer bills.

Image Credit: The Sun [Gas stove burners lit with blue flames.]

On January 8, firms were demanding £120,382 for just half an hour of reduced household consumption. They have asked for £369,780 from Grid operator NESO since November. The scheme, part of Labour 2030 Clean Power push, relies on homes delaying using a washing machine or running a bath.

Image Credit: The Sun [Dua Lipa in a red car.]

Only those with smart meters can take part and receive the potential benefits. Even so, only some suppliers are passing on the entire payment relief. British Gas said it passed on the full benefit. But others such as Shell Energy have offered entry to a prize draw.

Image Credit: The Sun [JD Sports store in London.]

Shell’s parent company at the time was a big winner from the recent energy crisis, with profits trebling. Octopus Energy has said it paid customers £2.25 per energy unit saved. However the true value of residential turndown is thought to be £3 per unit.

Image Credit: The Sun [Ramsdens pawnbrokers sign.]

Octopus said: “Suppliers may retain a small margin. “We currently run the scheme at a loss once customer incentives and other bonus payments are factored in.” It said the scheme still worked out far cheaper for customers than paying gas stations to boost supply.

Image Credit: The Sun [Person using laptop to search Google.]

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Millions of Brits being ripped off during UK Grid’s growing reliance on energy use rationing

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