Time Of Use (TOU) tariffs are set to hit the market next year as smart meters are installed.
Are you ready for the changes?
Did you know your electricity price is soon to become a 'tracker' type
tariff much like tracker mortgages. Electricity prices vary
throughout the day depending on many factors including intermittent
renewable energy supply, fossil fuel prices, grid capacity and generator
As smart meters are due to be rolled out nationwide in Ireland from 2015
onwards, homes and businesses need to be prepared to see what energy
demand they can shift to cheaper times (in Ireland this will likely be
when it is windy at wind turbine locations).
We discussed "smartable demand" recently, and this is when utilising
smartable demand will show significant energy savings and cost
reductions. It is likely that set tariffs will remain but will
cost significantly more as the risk of price variances shifts from the
customer to the supplier.
That's a whistle stop tour of TOU billing but to find out more, visit
the Irish Commission for Energy Regulation (CER) who are to oversee the
Don't ignore the elephant in the room!