Lower night tariffs have been around for almost 50 years in the guise of Economy7 and though some people know how to make best use of that system I suspect the majority laspe in their regime in the same way people nowadays lapse in monitoring their IHD figures to save energy. Those who have E7 know that the savings of the night rate is more than adequately (for the supplier) balanced out by the higher rate the customer pays for the other 17 hours of the day, so I see no Earthly reason to believe that when adjustable tariffs come in, ANY energy supplier will begin by saying: "Right, let's reduce peoples' bills for off-peak times but keep their rates as they are now for the 7 hours of the day they use most energy."
That's simply not going to happen. If the government believes the best way to reduce peoples' sugar intake is to put a tax on it, they'll condone energy suppliers reducing peoples' peak rate usage by increasing the price. That's how governments think - the easiest way to get people to do what you want is to fool them into using the stick on themselves.
No doubt they'll be sitting back and eating the carrot while they watch us eating our dinners in the dark..
@Jonnel Yes I think you are right, in future the day rates will be kept high for all, while the off peak will show a saving. I don’t agree that E7 is a con, if you have night storage heaters it is much cheaper than a single rate Also variable rates in the future are to manage demand not simply to make money. All Big 6 are struggling to make a profit today and losing out to newcomers for business. Power supply is not a good business to be in these days. The high cost of power is due to Green initiatives and the underlying cost of oil and gas world markets.
@Davc Oh, right. When you said this: "The idea may well be put into practice mainly by off-peak tariff reductions." I thought you thought differently.
No, no-one ever said Economy 7 was a con, just that energy firms know that people generally have a problem with sustainability. Economy 7 users in general are far more likely to reduce any benefit of cheaper overnight rates by either forgetting, or simply failing to: use as many appliances to do as many jobs as possible during the night. Heck, I know some people who still go around at bedtime turning off and unplugging !
It'll be the same when variable tariffs come in, you mark my words. The government may think it brilliantly vote-winning to pacify current debate, showing how they're getting people to "eat less sugar" by making it more expensive, but those people who actually "make the sugar" will only ever see the inherent benefits of their customers' need to watch The Match at 5.30 pm or Corrie, or Eastenders, when electricity is at a premium. They're a business, they can't not.
And Iberdrola posted net profits for the first half of 2019 as being up 16% on 2018 - 2018 being 27% up on 2017. Only the British arm showed a slowing down of profits. SP made a paltry £44 million in the first quarter of this year, putting the decline down to Ofgem's price cap.
Bet they wished people weren't on SVR now...
@Simondalemon Hi, you do not have to have a smart meter, it is up to you to decide.
You might miss out on some cheap tariffs if you do not have one, they may be used to reduce off-peak costs in the future.
On your point of medical safety the only signals are a mobile phone signal and a very weak radio signal to the Display. It is generally accepted that these give no risk, unlike the much stronger radio signals used in the USA. The meters themselves are bought from the cheapest reliable source, very often these days this is the Far East, everything technical that we own has been made in the East. As for loss of privacy, the signals are encrypted , and who cares when your appliance turns on anyway? So you can see that, although I am not a big fan of smart meters, I see them as part of modern life and no reason to be scared of them.
If you read your meters regularly and send in readings you do not need a smart meter for now, but when they get to 100% installation you may see them differently. It is a good idea to wait a few years.
I too am refusing a smart meter, I already do everything I can to reduce bills and save energy. I am on life long benefits and from what I have read, heard on the news and heard from people I know, these meters can overcharge you by thousands due to a glitch in programming. No doubt someone from SP will insist there is no problems but that is their sales policy, I have even been advised by money advice people to NOT get one installed.
Recently I have also heard of people falling ill due to the meters using above safe levels of wireless energy to 'talk' to the energy provider, fyi, this has been on BBC news, not just internet gossip. At the end of the day this is all about energy companies saving money by not employing subcontractors to get meter reading. Also, the amount that "apparently" can be saved is an over exaguration, simple change of habbits can save more money, like LED light bulbs, turning your lights off when not needed, don't use standby but turn off TV's computers etc when not being used. We even turn off our broadband at night, no point it being on if everyone is asleep. Don't charge devices overnight, most devices will continue to charge/dischage while connected to a charging point even when at 100% battery.
Only 2 things are powered during the night and that's the fridge and freezer which are both set to economy setting, you don't need to be a rocket scientist, just a little common sense.
@AlanLWilson Hi, I agree with all your points except for the health risk. Mobile phone signals are so commonplace these days that if you worry about them you are in trouble because it is impossible to avoid them.
Otherwise, yes common sense economy is much better than having a smart meter, but eventually time-related tariffs will come in and then only smart meter owners can benefit. I would advise waiting longer. but eventually it will become necessary (but not compulsory) to have one. I dont work for any energy supplier and so far have not been given a smart meter.
I do not want a smart meter until switching suppliers is seamless and the meters are not supplier dependent. I have just swithed back to Scottish Power and have had an email telling me that they will switch me to a higher tariff if I refuse a smart meter. This was not a condition of the switch so is this even legal? Dreadful attitude.
@neilbutlin You can refuse a smart meter but it was probably a small print condition of your tariff. Just ignore them,. But as far as is known SP are in fact installing Smets2 universal meters now.