Domestic time-of-use electricity tariffs — what’s changed since 1978?

Staithes, Yorkshire — during the evening peak

Currently, most time-of-use tariffs use Economy 7 meters (est. 1978)

  1. Measurement of electricity usage over short, within-day time periods
  2. Flexible demand that can consume electricity off-peak (e.g. storage heaters)
  3. Market and billing systems to support financial risk management and settlement (i.e. buyers and sellers are correctly exposed)

Smart meters and EVs to the rescue?

Smart time-of-use tariffs and technologies are slowly entering the market

  • Tide by Green Energy UK (released Jan 2017, discontinued)
  • Agile Octopus by Octopus Energy (released Feb 2018)
  • Economy 24 by Social Energy (released Jun 2019)

In the next few years, expect more ‘EV tariffs’ and uptake of flexible demand-side technology

Over the coming decades, time-of-use can help us reach net-zero

--

--

--

UK and NZ based energy consultant and software entrepreneur, sharing insights into the changing worlds of electricity and transport.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Endangered Animal Project

Re-balance

Nature moments and how to find them

The Wonders of Green Infrastructure and Why Cities Need It

Is California getting Hotter?

Climate change actions on the sub-national (city) level — what should be the political priorities…

Forget Bill Gates and Vaccines we need a new approach to health if we are to survive this…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Paul Coster

Paul Coster

UK and NZ based energy consultant and software entrepreneur, sharing insights into the changing worlds of electricity and transport.

More from Medium

How many batteries would it take to produce the world?

Aluminum production is a source of emissions. not good news for solar energy

Boxing, Kettlebells & Mobility — My Holy Trinity

Nuclear Fusion; The Future Of Clean Energy and the End of Fossil Fuels