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Electricity overhaul could save UK consumers billions
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Electricity overhaul could save UK consumers billions

24/07/17Energy

The UK government has revealed that consumers could save billions of pounds due to major changes in the way electricity is made, used and stored.

New guidelines will make it easier for people to generate their own power with solar panels, store it in batteries and sell it to the National Grid.

If they work, consumers could save £17-40bn (~€19-45bn) by 2050, according to the government and energy regulator Ofgem.

The rules are due to come into effect over the next year.

They will reduce costs for those who allow their washing machine to be turned on by the internet to maximise their use of cheap solar power on a sunlit afternoon.

They will also support people who agree to have their freezers switched off for a few minutes to reduce demand at peak times.

Among the first to gain from the rule changes will be people with solar panels and battery storage. They are currently charged tariffs when they import electricity into their home or export it back to the grid.

The government has said that this rule must change because it discourages people from using power more flexibly in a way that will benefit everyone.

Nicola Shaw, executive director of National Grid, previously said that between 30% and 50% of fluctuations on the grid could be reduced by households and businesses adjusting their demand at peak times.

“We are at a moment of real change in the energy industry,” she said.

“From an historic perspective, we created energy in big generating organisations that sent power to houses and their businesses.

“Now we are producing energy in those places – mostly with solar power.”

Pan European Networks Ltd